C R Rose Limited 06082012 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is motor engineers. Digita Accounts Production Advanced 6.30.9574.0 true true 06082012 2022-08-01 2023-07-31 06082012 2023-07-31 06082012 bus:OrdinaryShareClass1 2023-07-31 06082012 bus:OrdinaryShareClass2 2023-07-31 06082012 core:CurrentFinancialInstruments 2023-07-31 06082012 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 06082012 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 06082012 core:FurnitureFittingsToolsEquipment 2023-07-31 06082012 core:MotorVehicles 2023-07-31 06082012 bus:SmallEntities 2022-08-01 2023-07-31 06082012 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 06082012 bus:FullAccounts 2022-08-01 2023-07-31 06082012 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 06082012 bus:RegisteredOffice 2022-08-01 2023-07-31 06082012 bus:Director1 2022-08-01 2023-07-31 06082012 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 06082012 bus:OrdinaryShareClass2 2022-08-01 2023-07-31 06082012 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06082012 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 06082012 core:MotorVehicles 2022-08-01 2023-07-31 06082012 core:PlantMachinery 2022-08-01 2023-07-31 06082012 countries:EnglandWales 2022-08-01 2023-07-31 06082012 2022-07-31 06082012 core:FurnitureFittingsToolsEquipment 2022-07-31 06082012 core:MotorVehicles 2022-07-31 06082012 2021-08-01 2022-07-31 06082012 2022-07-31 06082012 bus:OrdinaryShareClass1 2022-07-31 06082012 bus:OrdinaryShareClass2 2022-07-31 06082012 core:CurrentFinancialInstruments 2022-07-31 06082012 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 06082012 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 06082012 core:FurnitureFittingsToolsEquipment 2022-07-31 06082012 core:MotorVehicles 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06082012

C R Rose Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

C R Rose Limited

Contents

Company Information

1

Statement of financial position

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

C R Rose Limited

Company Information

Director

Mr C Rose

Registered office

19 King Street
King's Lynn
Norfolk
PE30 1HB

Accountants

Hayhow & Co.
Chartered Certified Accountants & Business Advisers
19 King Street
King's Lynn
Norfolk
PE30 1HB

 

C R Rose Limited

(Registration number: 06082012)
Statement of financial position as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

36,063

44,817

Current assets

 

Stocks

5

111,141

63,100

Debtors

6

20,489

15,928

Cash at bank and in hand

 

40,830

124,003

 

172,460

203,031

Creditors: Amounts falling due within one year

7

(55,576)

(90,196)

Net current assets

 

116,884

112,835

Total assets less current liabilities

 

152,947

157,652

Creditors: Amounts falling due after more than one year

7

(9,800)

-

Provisions for liabilities

(1,264)

(2,645)

Net assets

 

141,883

155,007

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

141,783

154,907

Shareholders' funds

 

141,883

155,007

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the director on 9 October 2023
 

 

C R Rose Limited

(Registration number: 06082012)
Statement of financial position as at 31 July 2023

.........................................
Mr C Rose
Director

 

C R Rose Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 King Street
King's Lynn
Norfolk
PE30 1HB

These financial statements were authorised for issue by the director on 9 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

C R Rose Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing Balance

Plant and Machinery

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

C R Rose Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2022 - 6).

 

C R Rose Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

38,981

48,375

87,356

Additions

3,334

-

3,334

At 31 July 2023

42,315

48,375

90,690

Depreciation

At 1 August 2022

28,734

13,805

42,539

Charge for the year

3,444

8,644

12,088

At 31 July 2023

32,178

22,449

54,627

Carrying amount

At 31 July 2023

10,137

25,926

36,063

At 31 July 2022

10,247

34,570

44,817

5

Stocks

2023
£

2022
£

Finished goods and goods for resale

111,141

63,100

6

Debtors

Current

2023
£

2022
£

Trade debtors

15,399

11,898

Prepayments

5,090

4,030

 

20,489

15,928

 

C R Rose Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

3,749

23,470

trade creditors

 

9,235

9,861

Taxation and social security

 

10,926

11,766

Accruals and deferred income

 

27,365

17,350

Other creditors

 

880

17,181

Tax liability

 

3,421

10,568

 

55,576

90,196

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £1 each

95

95

95

95

Ordinary B of £1 each

5

5

5

5

 

100

100

100

100

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.