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REGISTERED NUMBER: 03425574 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Roscan Electronics Limited

Roscan Electronics Limited (Registered number: 03425574)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roscan Electronics Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: N Martyn
L Andrews



SECRETARY: N Martyn



REGISTERED OFFICE: Unit 14 Marino Way
Hogwood Industrial Estate
Finchampstead
Wokingham
Berkshire
RG40 4RF



REGISTERED NUMBER: 03425574 (England and Wales)



ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU



BANKERS: Lloyds TSB
115 Victoria Road
Aldershot
Hampshire

Roscan Electronics Limited (Registered number: 03425574)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,000 90,000
Tangible assets 5 147,163 76,139
222,163 166,139

CURRENT ASSETS
Stocks 134,500 113,000
Debtors 6 389,713 548,490
524,213 661,490
CREDITORS
Amounts falling due within one year 7 519,852 761,036
NET CURRENT ASSETS/(LIABILITIES) 4,361 (99,546 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,524

66,593

CREDITORS
Amounts falling due after more than one
year

8

(35,422

)

-

PROVISIONS FOR LIABILITIES (27,308 ) (14,390 )
NET ASSETS 163,794 52,203

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 163,792 52,201
SHAREHOLDERS' FUNDS 163,794 52,203

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 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.

Roscan Electronics Limited (Registered number: 03425574)

Balance Sheet - continued
31 March 2018


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 12 November 2018 and were signed on
its behalf by:





L Andrews - Director


Roscan Electronics Limited (Registered number: 03425574)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Roscan Electronics 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 income derived from the ordinary activities of the business, net of VAT and trade
discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2003, is being
amortised evenly over its estimated useful life, which is thought to be 20 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer & office equipmt - 25% on reducing balance

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.

Roscan Electronics Limited (Registered number: 03425574)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

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.

Invoice financing
The company has an invoice financing arrangement. The Facility has a funding cap of £375,000 which
can be used for general working capital. The facilities are up for renewal on a 12 month basis and are
secured over the assets of the company. Amounts drawn under the terms of the facility bear
transaction fees and interest at base rate plus a margin. The company uses the facility when
necessary.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 300,000
AMORTISATION
At 1 April 2017 210,000
Amortisation for year 15,000
At 31 March 2018 225,000
NET BOOK VALUE
At 31 March 2018 75,000
At 31 March 2017 90,000

Goodwill arose on the transfer of the business into the limited company from a partnership run by two
of the company's directors. The valuation of goodwill on transfer was as agreed with the Inland
Revenue share valuation office on 12 January 2005.

Goodwill is being amortised over a period of 20 years, which is the lesser of its estimated life and 20
years, in line with standard accounting practice.

Roscan Electronics Limited (Registered number: 03425574)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Fixtures Computer
Short Plant and and & office
leasehold machinery fittings equipmt Totals
£    £    £    £    £   
COST
At 1 April 2017 512 279,349 782 11,199 291,842
Additions - 120,072 - - 120,072
At 31 March 2018 512 399,421 782 11,199 411,914
DEPRECIATION
At 1 April 2017 512 204,280 550 10,361 215,703
Charge for year - 48,783 58 207 49,048
At 31 March 2018 512 253,063 608 10,568 264,751
NET BOOK VALUE
At 31 March 2018 - 146,358 174 631 147,163
At 31 March 2017 - 75,069 232 838 76,139

Included within fixed assets is plant and machinery purchased under finance contract with a net book
value of £90,192 (2017 - £43,390). Depreciation charged on these items totalled £30,064 (2017 -
£14,463).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 106,789 182,566
Other debtors 282,924 365,924
389,713 548,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 59,817 120,873
Hire purchase contracts 23,058 15,589
Trade creditors 194,113 186,610
Taxation and social security 223,487 239,374
Other creditors 19,377 198,590
519,852 761,036

Bank borrowings are secured by a debenture charge over the assets of the company, together with
personal guarantees to £27,500 from each of the company directors.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 35,422 -

Roscan Electronics Limited (Registered number: 03425574)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

9. RELATED PARTY DISCLOSURES

N Martyn
Director / Shareholder

As at 31 March 2018 £96,416 (2017 - £275,834) is due to the company in respect of an overdrawn
directors loan account. The loan is repayable on demand and interest charged at HMRC guidance
rates of 3%. The interest charged in the year totalled £2,808.

L Andrews
Director / Shareholder

As at 31 March 2018 £96,416 (2017 - £195,899 cr) is due to the company in respect of an overdrawn
directors loan account. The loan is repayable on demand and interest charged at HMRC guidance
rates of 3%. The interest charged in the year totalled £2,808.

A Martyn
Former Director

An amount of £10,000 (2017 - £10,000) was due from A Martyn the company's former director. The
loan is interest free and payable on demand.

10. ULTIMATE CONTROLLING PARTY

The company was under the control of it's directors throughout the current and proceeding period.