REGISTERED NUMBER: 03700831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABOUT ROOFING SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Rivolta

D Rivolta

G P Courtney

REGISTERED OFFICE:

34 Ormside Way

Holmethorpe Industrial Estate

Redhill

Surrey

RU1 2LW

REGISTERED NUMBER:

03700831 (England and Wales)

ACCOUNTANTS:

Waight & Company Ltd

Trading as WaightSharnock

8 Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Tangible assets

4

250,214

235,067

CURRENT ASSETS

Stocks

558,855

573,060

Debtors

5

1,257,157

1,279,016

Cash in hand

1,565

26,893

1,817,577

1,878,969

CREDITORS

Amounts falling due within one year

6

1,817,594

1,882,445

NET CURRENT LIABILITIES

(17

)

(3,476

)

TOTAL ASSETS LESS CURRENT LIABILITIES

250,197

231,591

CREDITORS

Amounts falling due after more than one year

7

(50

)

(50

)

PROVISIONS FOR LIABILITIES

(26,358

)

(19,333

)

NET ASSETS

223,789

212,208

CAPITAL AND RESERVES

Called up share capital

306

306

Retained earnings

223,483

211,902

SHAREHOLDERS' FUNDS

223,789

212,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 June 2017 and were signed on its behalf by:

J Rivolta - Director

1.	STATUTORY INFORMATION

About Roofing Supplies Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

10% on cost

Computer Software

-

33% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 .

4.	TANGIBLE FIXED ASSETS

Leasehold

Computer

Plant and

improvements

Software

machinery

£

£

£

COST

At 1 April 2016

154,240

90,201

262,537

Additions

-

78,713

29,715

At 31 March 2017

154,240

168,914

292,252

DEPRECIATION

At 1 April 2016

24,577

63,694

196,904

Charge for year

15,425

52,526

23,837

At 31 March 2017

40,002

116,220

220,741

NET BOOK VALUE

At 31 March 2017

114,238

52,694

71,511

At 31 March 2016

129,663

26,507

65,633

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

13,995

10,200

64,107

595,280

Additions

-

-

2,564

110,992

At 31 March 2017

13,995

10,200

66,671

706,272

DEPRECIATION

At 1 April 2016

11,272

5,897

57,869

360,213

Charge for year

681

1,076

2,300

95,845

At 31 March 2017

11,953

6,973

60,169

456,058

NET BOOK VALUE

At 31 March 2017

2,042

3,227

6,502

250,214

At 31 March 2016

2,723

4,303

6,238

235,067

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

710,368

774,966

Other debtors

546,789

504,050

1,257,157

1,279,016

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

855,862

498,084

Trade creditors

876,932

1,270,564

Taxation and social security

77,550

106,547

Other creditors

7,250

7,250

1,817,594

1,882,445

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

50

50

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank overdrafts

836,932

443,450

Bank loans

18,930

54,634

855,862

498,084

The bank holds a debenture dated 15th April 1999.

9.	RELATED PARTY DISCLOSURES

The company made sales to its parent company, About Roofing Limited, of £908,277 (2016 - £971,443) and

made purchases of £25,000 (2016 - £100,000).

Amount due from About Roofing Limited at the balance sheet date was £201,207 (2016 - £206,097)

The company made sales to a company controlled by its directors, BDJ Estates Limited, of £42,063 (2016 -

£33,750) and made purchases of £260,773 (2016 - £165,833)

Amount due from BDJ Estates Limited at the balance sheet date was £309,056 (2016 - £259,636)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is About Roofing Ltd, a company controlled by J Rivolta.