Registered number
09515422
Roll Cameras Ltd
Unaudited Filleted Accounts
31 March 2022
Roll Cameras Ltd
Registered number: 09515422
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 50,992 41,199
Current assets
Debtors 4 13,218 6,008
Cash at bank and in hand 81,791 29,591
95,009 35,599
Creditors: amounts falling due within one year 5 (34,111) (16,890)
Net current assets 60,898 18,709
Total assets less current liabilities 111,890 59,908
Creditors: amounts falling due after more than one year 6 (2,267) (4,715)
Net assets 109,623 55,193
Capital and reserves
Called up share capital 200 200
Profit and loss account 109,423 54,993
Shareholders' funds 109,623 55,193
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Palmer
Director
Approved by the board on 12 September 2022
Roll Cameras Ltd
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Equipment 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the directors are of the opinion that no liability will crystallise in the foreseeable future.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2021 72,852 16,788 89,640
Additions 30,038 (2,798) 27,240
Disposals (600) - (600)
At 31 March 2022 102,290 13,990 116,280
Depreciation
At 1 April 2021 38,735 9,706 48,441
Charge for the year 15,926 1,071 16,997
On disposals (150) - (150)
At 31 March 2022 54,511 10,777 65,288
Net book value
At 31 March 2022 47,779 3,213 50,992
At 31 March 2021 34,117 7,082 41,199
4 Debtors 2022 2021
£ £
Trade debtors 12,040 6,008
Other debtors 1,178 -
13,218 6,008
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 11,675 12,000
Obligations under finance lease and hire purchase contracts 2,448 2,149
Taxation and social security costs 9,603 1,373
Other creditors 10,385 1,368
34,111 16,890
6 Creditors: amounts falling due after one year 2022 2021
£ £
Obligations under finance lease and hire purchase contracts 2,267 4,715
7 Other information
Roll Cameras Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Whopshott Avenue
Woking
GU21 4UE
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