Rovertune Limited |
Registered number: |
04545323 |
Balance Sheet |
as at 31 March 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
607,497 |
|
|
615,943 |
|
Current assets |
Stocks |
|
|
45,270 |
|
|
43,187 |
Debtors |
4 |
|
177,576 |
|
|
19,450 |
Investments held as current assets |
5 |
|
907,590 |
|
|
902,246 |
Cash at bank and in hand |
|
|
369,258 |
|
|
520,114 |
|
|
|
1,499,694 |
|
|
1,484,997 |
|
Creditors: amounts falling due within one year |
6 |
|
(155,530) |
|
|
(202,296) |
|
Net current assets |
|
|
|
1,344,164 |
|
|
1,282,701 |
|
Net assets |
|
|
|
1,951,661 |
|
|
1,898,644 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
1,951,561 |
|
|
1,898,544 |
|
Shareholders' funds |
|
|
|
1,951,661 |
|
|
1,898,644 |
|
|
|
|
|
|
|
|
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. |
|
R D Margrave |
Director |
Approved by the board on 14 September 2023 |
|
Rovertune Limited |
Notes to the Accounts |
for the year ended 31 March 2023 |
|
|
1 |
Accounting policies |
|
|
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. |
|
|
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 of each asset over its expected useful life. |
|
|
|
|
|
|
Investments |
|
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. |
|
|
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. |
|
|
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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
8 |
|
8 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2022 |
573,611 |
|
110,473 |
|
34,855 |
|
718,939 |
|
Additions |
- |
|
1,049 |
|
3,000 |
|
4,049 |
|
At 31 March 2023 |
573,611 |
|
111,522 |
|
37,855 |
|
722,988 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
- |
|
83,138 |
|
19,858 |
|
102,996 |
|
Charge for the year |
- |
|
7,057 |
|
5,438 |
|
12,495 |
|
At 31 March 2023 |
- |
|
90,195 |
|
25,296 |
|
115,491 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
573,611 |
|
21,327 |
|
12,559 |
|
607,497 |
|
At 31 March 2022 |
573,611 |
|
27,335 |
|
14,997 |
|
615,943 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
2,576 |
|
19,450 |
|
Other debtors |
175,000 |
|
- |
|
|
|
|
|
|
177,576 |
|
19,450 |
|
|
|
|
|
|
|
|
|
|
5 |
Investments held as current assets |
2023 |
|
2022 |
£ |
£ |
|
Fair value |
|
Unlisted investments |
907,590 |
|
902,246 |
|
|
|
|
|
|
|
|
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Listed investments |
(10,924) |
|
- |
|
Unlisted investments |
9,702 |
|
14,889 |
|
|
|
|
|
|
(1,222) |
|
14,889 |
|
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Trade creditors |
113,602 |
|
158,262 |
|
Corporation tax |
41,928 |
|
44,034 |
|
|
|
|
|
|
155,530 |
|
202,296 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
Rovertune Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 2 |
|
Bridgewater Close |
|
Reading |
|
Berkshire. |
|
RG30 1JT |