2022-04-01 NI037574 2023-03-31 NI037574 2022-04-01 2023-03-31 NI037574 2022-03-31 NI037574 2021-04-01 2022-03-31 NI037574 uk-core:WithinOneYear 2022-03-31 NI037574 uk-core:WithinOneYear 2023-03-31 NI037574 uk-core:AfterOneYear 2022-03-31 NI037574 uk-core:AfterOneYear 2023-03-31 NI037574 uk-core:ShareCapital 2023-03-31 NI037574 uk-core:ShareCapital 2022-03-31 NI037574 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI037574 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI037574 uk-bus:Director1 2022-04-01 2023-03-31 NI037574 uk-bus:Director2 2022-04-01 2023-03-31 NI037574 uk-core:LandBuildings 2022-04-01 2023-03-31 NI037574 uk-core:PlantMachinery 2022-04-01 2023-03-31 NI037574 uk-core:FurnitureFittings 2022-04-01 2023-03-31 NI037574 uk-core:FurnitureFittings 2022-03-31 NI037574 uk-core:PlantMachinery 2022-03-31 NI037574 uk-core:LandBuildings 2022-03-31 NI037574 uk-core:LandBuildings 2023-03-31 NI037574 uk-core:PlantMachinery 2023-03-31 NI037574 uk-core:FurnitureFittings 2023-03-31 iso4217:GBP xbrli:pure NI037574 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 NI037574 uk-bus:FRS102 2022-04-01 2023-03-31 NI037574 uk-bus:FullAccounts 2022-04-01 2023-03-31 NI037574 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Rosco Engineering (NI) Limited
Registered Number:NI037574
For the year ended 31 March 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 March 2023
Rosco Engineering (NI) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI037574
As at 31 March 2023
Rosco Engineering (NI) Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
948,367
859,023
2
948,367
859,023
Current assets
Inventories
125,000
145,660
3
Trade and other receivables
305,565
317,390
4
222,934
Cash and cash equivalents
326,196
789,246
653,499
Trade and other payables: amounts falling due within one
year
(234,574)
(260,241)
5
418,925
529,005
Net current assets
Total assets less current liabilities
1,477,372
1,277,948
Trade and other payables: amounts falling due after more
than one year
(33,256)
(79,651)
6
(116,701)
(99,726)
Provisions for liabilities
1,281,020
Net assets
1,144,966
Capital and reserves
Called up share capital
31,012
31,002
Retained earnings
1,250,008
1,113,964
1,281,020
1,144,966
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Robert Scott Director
Mr James Scott Director
These financial statements were approved and authorised for issue by the Board on 06 October 2023 and were signed by:
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4
Registered Number :
NI037574
For the year ended 31 March 2023
Rosco Engineering (NI) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2023
Rosco Engineering (NI) Limited
Notes to the Financial Statements
Statutory Information
Rosco Engineering (NI) Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI037574.
Registered address:
10 Crewcatt Road
Richhill
Armagh
BT61 8QN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0%
Plant and Machinery
20% Reducing balance
15% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 31 March 2023
Rosco Engineering (NI) Limited
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 April 2022
1,733,952
59,463
1,340,338
334,151
180,251
830
179,421
-
Additions
At 31 March 2023
334,151
1,519,759
60,293
1,914,203
Provision for depreciation and impairment
At 01 April 2022
874,929
39,018
835,911
-
Charge for year
90,907
3,168
87,739
-
At 31 March 2023
965,836
42,186
923,650
-
At 31 March 2023
Net book value
334,151
596,109
18,107
948,367
At 31 March 2022
334,151
504,427
20,445
859,023
3. Inventories
2022
2023
£
£
Stocks
145,660
125,000
4. Trade and other receivables
2022
2023
£
£
Trade debtors
317,390
305,565
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
169,627
75,981
Taxation and social security
21,632
16,441
Other creditors
68,982
142,152
260,241
234,574
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7
For the year ended 31 March 2023
Rosco Engineering (NI) Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
79,651
33,256
7. Average number of persons employed
During the year the average number of employees was 16 (2022 : 16)
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