A & J Roofing (Haslemere) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05736783 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

A & J Roofing (Haslemere) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Fly

REGISTERED OFFICE:

Temple Cottage

Sotherington Lane

Selborne

Alton

Hampshire

GU34 3LS

REGISTERED NUMBER:

05736783 (England and Wales)

ACCOUNTANTS:

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

6,072

11,462

6,072

11,462

CURRENT ASSETS

Stocks

17,794

16,586

Debtors

6

1,271

17,593

Cash at bank

2,533

5

21,598

34,184

CREDITORS

Amounts falling due within one year

7

35,187

43,821

NET CURRENT LIABILITIES

(13,589

)

(9,637

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,517

)

1,825

PROVISIONS FOR LIABILITIES

737

1,460

NET (LIABILITIES)/ASSETS

(8,254

)

365

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

8

(8,256

)

363

SHAREHOLDERS' FUNDS

(8,254

)

365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 20 December 2018 and were signed by:

M C Fly - Director

1.	STATUTORY INFORMATION

A & J Roofing (Haslemere) 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 2 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

22,500

AMORTISATION

At 1 April 2017

and 31 March 2018

22,500

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2017

11,256

24,147

1,758

37,161

Additions

-

568

Disposals

-

(10,500

)

-

(10,500

)

At 31 March 2018

11,256

13,647

2,326

27,229

DEPRECIATION

At 1 April 2017

8,287

15,794

1,618

25,699

Charge for year

445

980

103

1,528

Eliminated on disposal

-

(6,070

)

-

(6,070

)

At 31 March 2018

8,732

10,704

1,721

21,157

NET BOOK VALUE

At 31 March 2018

2,524

2,943

605

6,072

At 31 March 2017

2,969

8,353

140

11,462

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Trade debtors

-

13,159

Other debtors

1,271

4,434

1,271

17,593

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Bank loans and overdrafts

-

5,940

Trade creditors

27,346

25,211

Taxation and social security

5,255

4,242

Other creditors

2,586

8,428

35,187

43,821

8.

RESERVES

Retained

earnings

£

At 1 April 2017

363

Profit for the year

15,381

Dividends

(24,000

)

At 31 March 2018

(8,256

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

31.3.18

31.3.17

£

M C Fly

Balance outstanding at start of year

4,174

19,527

Amounts advanced

19,541

8,177

Amounts repaid

(24,216

)

(23,530

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(501

)

4,174