Metalex Roofing Limited 06066439 false 2016-02-01 2017-01-31 2017-01-31 The principal activity of the company is that of roofing contractors Digita Accounts Production Advanced 6.20.8420.0 Software true 06066439 2016-02-01 2017-01-31 06066439 2017-01-31 06066439 core:RetainedEarningsAccumulatedLosses 2017-01-31 06066439 core:ShareCapital 2017-01-31 06066439 core:CurrentFinancialInstruments 2017-01-31 06066439 core:CurrentFinancialInstruments core:WithinOneYear 2017-01-31 06066439 bus:SmallEntities 2016-02-01 2017-01-31 06066439 bus:AuditExemptWithAccountantsReport 2016-02-01 2017-01-31 06066439 bus:FullAccounts 2016-02-01 2017-01-31 06066439 bus:RegisteredOffice 2016-02-01 2017-01-31 06066439 bus:CompanySecretary1 2016-02-01 2017-01-31 06066439 bus:Director1 2016-02-01 2017-01-31 06066439 bus:Director2 2016-02-01 2017-01-31 06066439 bus:Director3 2016-02-01 2017-01-31 06066439 bus:OrdinaryShareClass1 2016-02-01 2017-01-31 06066439 bus:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 06066439 bus:Agent1 2016-02-01 2017-01-31 06066439 core:RetainedEarningsAccumulatedLosses 2016-02-01 2017-01-31 06066439 core:ShareCapital 2016-02-01 2017-01-31 06066439 countries:AllCountries 2016-02-01 2017-01-31 06066439 2016-01-31 06066439 core:RetainedEarningsAccumulatedLosses 2016-01-31 06066439 core:ShareCapital 2016-01-31 06066439 2015-02-01 2016-01-31 06066439 2016-01-31 06066439 core:RetainedEarningsAccumulatedLosses 2016-01-31 06066439 core:ShareCapital 2016-01-31 06066439 core:CurrentFinancialInstruments 2016-01-31 06066439 core:CurrentFinancialInstruments core:WithinOneYear 2016-01-31 06066439 bus:OrdinaryShareClass1 2015-02-01 2016-01-31 06066439 core:RetainedEarningsAccumulatedLosses 2015-02-01 2016-01-31 06066439 core:ShareCapital 2015-02-01 2016-01-31 06066439 2015-01-31 06066439 core:RetainedEarningsAccumulatedLosses 2015-01-31 06066439 core:ShareCapital 2015-01-31 iso4217:GBP xbrli:pure

Registration number: 06066439

Metalex Roofing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2017

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN

 

Metalex Roofing Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Comprehensive Income

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Financial Statements

6 to 8

 

Metalex Roofing Limited

Company Information

Directors

Mr A D Gilzean

Mr P T Singh

Mr A C Buckland

Company secretary

Mr A D Gilzean

Registered office

12 The Broadway
St Ives
Cambridgeshire
PE27 5BN

Accountants

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Metalex Roofing Limited
for the Year Ended 31 January 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Metalex Roofing Limited for the year ended 31 January 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Metalex Roofing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Metalex Roofing Limited and state those matters that we have agreed to state to the Board of Directors of Metalex Roofing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Metalex Roofing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Metalex Roofing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Metalex Roofing Limited. You consider that Metalex Roofing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Metalex Roofing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN

19 October 2017

 

Metalex Roofing Limited

Statement of Comprehensive Income for the Year Ended 31 January 2017

Note

2017
£

2016
£

Profit for the year

 

76,810

92,213

Total comprehensive income for the year

 

76,810

92,213

 

Metalex Roofing Limited

(Registration number: 06066439)
Balance Sheet as at 31 January 2017

Note

2017
£

2016
£

Current assets

 

Debtors

4

82,732

110,766

Cash at bank and in hand

 

153,108

189,936

 

235,840

300,702

Creditors: Amounts falling due within one year

5

(90,036)

(131,708)

Net assets

 

145,804

168,994

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

145,704

168,894

Total equity

 

145,804

168,994

For the financial year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 October 2017 and signed on its behalf by:
 

.........................................

Mr A D Gilzean

Director

 

Metalex Roofing Limited

Statement of Changes in Equity for the Year Ended 31 January 2017

Share capital
£

Profit and loss account
£

Total
£

At 1 February 2016

100

168,894

168,994

Profit for the year

-

76,810

76,810

Total comprehensive income

-

76,810

76,810

Dividends

-

(100,000)

(100,000)

At 31 January 2017

100

145,704

145,804

Share capital
£

Profit and loss account
£

Total
£

At 1 February 2015

100

165,481

165,581

Profit for the year

-

92,213

92,213

Total comprehensive income

-

92,213

92,213

Dividends

-

(88,800)

(88,800)

At 31 January 2016

100

168,894

168,994

 

Metalex Roofing Limited

Notes to the Financial Statements for the Year Ended 31 January 2017

1

General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
12 The Broadway
St Ives
Cambridgeshire
PE27 5BN

These financial statements were authorised for issue by the Board on 19 October 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Metalex Roofing Limited

Notes to the Financial Statements for the Year Ended 31 January 2017

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2016 - 7).

4

Debtors

2017
£

2016
£

Trade debtors

80,410

110,766

Other debtors

2,322

-

Total current trade and other debtors

82,732

110,766

5

Creditors

Note

2017
£

2016
£

Due within one year

 

Trade creditors

 

61,245

78,451

Amounts owed to group undertakings and undertakings in which the company has a participating interest

2,082

2,082

Taxation and social security

 

6,624

27,372

Other creditors

 

20,085

23,803

 

90,036

131,708

6

Dividends

Interim dividends paid

 

Metalex Roofing Limited

Notes to the Financial Statements for the Year Ended 31 January 2017

 

2017
£

2016
£

Interim dividend of £1,000 (2016 - £888) per each ordinary share

100,000

88,800