IRIS Accounts Production v17.3.1.106 07205195 Board of Directors 1.6.16 31.5.17 31.5.17 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 07205195 2016-05-31 07205195 2017-05-31 07205195 2016-06-01 2017-05-31 07205195 2015-05-31 07205195 2015-06-01 2016-05-31 07205195 2016-05-31 07205195 ns15:EnglandWales 2016-06-01 2017-05-31 07205195 ns14:PoundSterling 2016-06-01 2017-05-31 07205195 ns10:Director1 2016-06-01 2017-05-31 07205195 ns10:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31 07205195 ns10:SmallEntities 2016-06-01 2017-05-31 07205195 ns10:AuditExempt-NoAccountantsReport 2016-06-01 2017-05-31 07205195 ns10:SmallCompaniesRegimeForDirectorsReport 2016-06-01 2017-05-31 07205195 ns10:SmallCompaniesRegimeForAccounts 2016-06-01 2017-05-31 07205195 ns10:FullAccounts 2016-06-01 2017-05-31 07205195 1 2016-06-01 2017-05-31 07205195 ns10:OrdinaryShareClass1 2016-06-01 2017-05-31 07205195 ns10:Director2 2016-06-01 2017-05-31 07205195 ns10:CompanySecretary1 2016-06-01 2017-05-31 07205195 ns10:RegisteredOffice 2016-06-01 2017-05-31 07205195 ns5:CurrentFinancialInstruments 2017-05-31 07205195 ns5:CurrentFinancialInstruments 2016-05-31 07205195 ns5:Non-currentFinancialInstruments 2017-05-31 07205195 ns5:Non-currentFinancialInstruments 2016-05-31 07205195 ns5:ShareCapital 2017-05-31 07205195 ns5:ShareCapital 2016-05-31 07205195 ns5:RetainedEarningsAccumulatedLosses 2017-05-31 07205195 ns5:RetainedEarningsAccumulatedLosses 2016-05-31 07205195 ns5:NetGoodwill 2016-06-01 2017-05-31 07205195 ns5:IntangibleAssetsOtherThanGoodwill 2016-06-01 2017-05-31 07205195 ns5:NetGoodwill 2016-05-31 07205195 ns5:NetGoodwill 2017-05-31 07205195 ns5:NetGoodwill 2016-05-31 07205195 ns5:PlantMachinery 2016-05-31 07205195 ns5:FurnitureFittings 2016-05-31 07205195 ns5:MotorVehicles 2016-05-31 07205195 ns5:PlantMachinery 2016-06-01 2017-05-31 07205195 ns5:FurnitureFittings 2016-06-01 2017-05-31 07205195 ns5:MotorVehicles 2016-06-01 2017-05-31 07205195 ns5:PlantMachinery 2017-05-31 07205195 ns5:FurnitureFittings 2017-05-31 07205195 ns5:MotorVehicles 2017-05-31 07205195 ns5:PlantMachinery 2016-05-31 07205195 ns5:FurnitureFittings 2016-05-31 07205195 ns5:MotorVehicles 2016-05-31 07205195 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2017-05-31 07205195 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2016-05-31 07205195 ns10:OrdinaryShareClass1 2017-05-31


REGISTERED NUMBER: 07205195 (England and Wales)















ROMA ROOFING SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017






ROMA ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 07205195)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROMA ROOFING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2017







DIRECTORS: B J Llewellyn
A J Williams





SECRETARY: B Williams





REGISTERED OFFICE: Pentwyn Farm
Pentwyn
BARGOED
CF81 9NP





REGISTERED NUMBER: 07205195 (England and Wales)





ACCOUNTANTS: Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

ROMA ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 07205195)

BALANCE SHEET
31 MAY 2017

2017 2016
Notes £    £   
FIXED ASSETS
Intangible assets 4 41,100 54,800
Tangible assets 5 18,916 29,596
60,016 84,396

CURRENT ASSETS
Stocks 55,000 52,500
Debtors 6 5,890 5,604
Cash at bank and in hand 13,024 29,176
73,914 87,280
CREDITORS
Amounts falling due within one year 7 (51,995 ) (59,333 )
NET CURRENT ASSETS 21,919 27,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,935

112,343

CREDITORS
Amounts falling due after more than one
year

8

(97,245

)

(106,177

)

PROVISIONS FOR LIABILITIES - (1,268 )
NET (LIABILITIES)/ASSETS (15,310 ) 4,898

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (15,311 ) 4,897
SHAREHOLDERS' FUNDS (15,310 ) 4,898

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ROMA ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 07205195)

BALANCE SHEET - continued
31 MAY 2017


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 Profit and loss account has not been delivered.

The financial statements were approved for issue by the Board of Directors on 15 February 2018 and were signed on its
behalf by:





B J Llewellyn - Director


ROMA ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 07205195)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017


1. STATUTORY INFORMATION

Roma 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to
the nearest pound.

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

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.

There have been no material departures from Financial Reporting Standard 102 1A.

These financial statements for the year ended 31 May 2017 are the first financial statements that comply with
Financial Reporting Standard 102 1A. The date of transition is 1 June 2015.

The transition to Financial Reporting Standard 102 1A has resulted in no changes to existing accounting
policies.

Going Concern
At 31 May 2017 the company had net liabilities of £15,310. However, the going concern basis of preparation of
the financial statements is considered to be appropriate as the company has the continuing support of the
directors to enable it to meet its liabilities as they fall due for payment.

Turnover
Turnover represents amounts invoiced in respect of the supply of roofing and general building materials during
the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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 the cost less estimated residual value
of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the
shorter.

Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Fixtures and fittings - 15% on cost

Stocks
The value of stock has been estimated by the directors at the lower of cost and net realisable value.

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and
is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet
date.


ROMA ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 07205195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017


2. ACCOUNTING POLICIES - continued
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.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees
are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2016
and 31 May 2017 137,000
AMORTISATION
At 1 June 2016 82,200
Charge for year 13,700
At 31 May 2017 95,900
NET BOOK VALUE
At 31 May 2017 41,100
At 31 May 2016 54,800

ROMA ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 07205195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2016
and 31 May 2017 20,000 2,900 42,063 64,963
DEPRECIATION
At 1 June 2016 15,000 1,605 18,762 35,367
Charge for year 4,500 435 5,745 10,680
At 31 May 2017 19,500 2,040 24,507 46,047
NET BOOK VALUE
At 31 May 2017 500 860 17,556 18,916
At 31 May 2016 5,000 1,295 23,301 29,596

6. DEBTORS
2017 2016
£    £   
Amounts falling due within one year:
Trade debtors 1,064 4,908
Other debtors 850 47
Prepayments 1,003 649
2,917 5,604

Amounts falling due after more than one year:
Deferred tax asset 2,973 -

Aggregate amounts 5,890 5,604

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 4,998 4,998
Trade creditors 22,499 27,918
Social security and other taxes 175 481
VAT 1,485 3,153
Director's current account 21,019 21,019
Accrued expenses 1,819 1,764
51,995 59,333

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Director's loan account 93,000 97,000
Hire purchase contracts 4,245 9,177
97,245 106,177

ROMA ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 07205195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017


9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 9,243 14,175

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
1 Ordinary £1 1 1