Registered number
10498376
ROKA THE SQUARE LIMITED
Filleted Accounts
31 December 2021
ROKA THE SQUARE LIMITED
Registered number: 10498376
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 35,260 34,295
35,260 34,295
Current assets
Stocks 7,694 7,638
Debtors 4 1,841 13,250
Cash at bank and in hand 154,188 91,281
163,723 112,169
Creditors: amounts falling due within one year 5 (70,802) (44,146)
Net current assets 92,921 68,023
Total assets less current liabilities 128,181 102,318
Creditors: amounts falling due after more than one year 6 (59,448) (60,000)
Net assets 68,733 42,318
Capital and reserves
Called up share capital 1 1
Share premium - -
Revaluation reserve - -
Profit and loss account 68,732 42,317
Shareholder's funds 68,733 42,318
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Bulent Osman Esen
Director
Approved by the board on 11 May 2022
ROKA THE SQUARE LIMITED
Notes to the Accounts
for the year ended 31 December 2021
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 40 31
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2021 - 42,159 3,595 45,754
Additions - 4,882 - 4,882
Surplus on revaluation - - - -
Disposals - - - -
At 31 December 2021 - 47,041 3,595 50,636
Depreciation
At 1 January 2021 - 11,100 359 11,459
Charge for the year - 3,594 323 3,917
Surplus on revaluation - - - -
On disposals - - - -
At 31 December 2021 - 14,694 682 15,376
Net book value
At 31 December 2021 - 32,347 2,913 35,260
At 31 December 2020 - 31,059 3,236 34,295
4 Debtors 2021 2020
£ £
Trade debtors 1,841 2,280
Other debtors - 10,970
1,841 13,250
5 Creditors: amounts falling due within one year 2021 2020
£ £
Non-equity preference shares - -
Bank loans and overdrafts 22,382 13,706
Obligations under finance lease and hire purchase contracts - -
Trade creditors 17,970 2,565
Taxation and social security costs 63,002 58,201
Other creditors (32,552) (30,326)
70,802 44,146
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 59,448 60,000
59,448 60,000
7 Controlling party
Bulent Osman Esen
8 Other information
ROKA THE SQUARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1a The Square
Bagshot
Surrey
United kingdom
GU19 5AX
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