IRIS Accounts Production v23.2.0.158 03306537 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure033065372022-03-31033065372023-03-31033065372022-04-012023-03-31033065372021-03-31033065372021-04-012022-03-31033065372022-03-3103306537ns16:EnglandWales2022-04-012023-03-3103306537ns15:PoundSterling2022-04-012023-03-3103306537ns11:Director12022-04-012023-03-3103306537ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3103306537ns11:SmallEntities2022-04-012023-03-3103306537ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3103306537ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103306537ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3103306537ns11:FullAccounts2022-04-012023-03-3103306537ns11:OrdinaryShareClass12022-04-012023-03-3103306537ns11:OrdinaryShareClass22022-04-012023-03-3103306537ns11:OrdinaryShareClass32022-04-012023-03-3103306537ns6:CurrentFinancialInstruments2023-03-3103306537ns6:CurrentFinancialInstruments2022-03-3103306537ns6:Non-currentFinancialInstruments2023-03-3103306537ns6:Non-currentFinancialInstruments2022-03-3103306537ns6:ShareCapital2023-03-3103306537ns6:ShareCapital2022-03-3103306537ns6:SharePremium2023-03-3103306537ns6:SharePremium2022-03-3103306537ns6:CapitalRedemptionReserve2023-03-3103306537ns6:CapitalRedemptionReserve2022-03-3103306537ns6:FurtherSpecificReserve1ComponentTotalEquity2023-03-3103306537ns6:FurtherSpecificReserve1ComponentTotalEquity2022-03-3103306537ns6:RetainedEarningsAccumulatedLosses2023-03-3103306537ns6:RetainedEarningsAccumulatedLosses2022-03-3103306537ns6:PlantMachinery2022-04-012023-03-3103306537ns6:FurnitureFittings2022-04-012023-03-3103306537ns6:MotorVehicles2022-04-012023-03-3103306537ns6:PlantMachinery2022-03-3103306537ns6:FurnitureFittings2022-03-3103306537ns6:MotorVehicles2022-03-3103306537ns6:PlantMachinery2023-03-3103306537ns6:FurnitureFittings2023-03-3103306537ns6:MotorVehicles2023-03-3103306537ns6:PlantMachinery2022-03-3103306537ns6:FurnitureFittings2022-03-3103306537ns6:MotorVehicles2022-03-3103306537ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3103306537ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3103306537ns6:WithinOneYear2023-03-3103306537ns6:WithinOneYear2022-03-3103306537ns6:BetweenOneFiveYears2023-03-3103306537ns6:BetweenOneFiveYears2022-03-3103306537ns6:AllPeriods2023-03-3103306537ns6:AllPeriods2022-03-3103306537ns6:AcceleratedTaxDepreciationDeferredTax2023-03-3103306537ns6:AcceleratedTaxDepreciationDeferredTax2022-03-3103306537ns6:DeferredTaxation2022-03-3103306537ns6:DeferredTaxation2022-04-012023-03-3103306537ns6:DeferredTaxation2023-03-3103306537ns11:OrdinaryShareClass12023-03-3103306537ns11:OrdinaryShareClass22023-03-3103306537ns11:OrdinaryShareClass32023-03-31
REGISTERED NUMBER: 03306537 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

RODFORD ENGINEERING LTD

RODFORD ENGINEERING LTD (REGISTERED NUMBER: 03306537)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance sheet 1

Notes to the financial statements 3


RODFORD ENGINEERING LTD (REGISTERED NUMBER: 03306537)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 333,345 407,123

Current assets
Stocks 632,622 550,701
Debtors 5 763,141 1,901,767
Cash at bank 540,296 502,787
1,936,059 2,955,255
Creditors
Amounts falling due within one year 6 396,192 314,626
Net current assets 1,539,867 2,640,629
Total assets less current liabilities 1,873,212 3,047,752

Creditors
Amounts falling due after more than one year 7 (27,608 ) (104,576 )

Provisions for liabilities 9 (70,225 ) (65,201 )
Net assets 1,775,379 2,877,975

Capital and reserves
Called up share capital 10 3 3
Share premium 2,500 2,500
Capital redemption reserve 1 1
Reserve for own shares (640,148 ) (640,148 )
Retained earnings 2,413,023 3,515,619
Shareholders' funds 1,775,379 2,877,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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 Sections 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.

RODFORD ENGINEERING LTD (REGISTERED NUMBER: 03306537)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2023 and were signed by:





Mr N Dallyn - Director


RODFORD ENGINEERING LTD (REGISTERED NUMBER: 03306537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Rodford Engineering Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03306537. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Units 8 & 9 Cedar Trade Park, Ferndown Industrial Estate, Cobham Road, Wimborne, Dorset, BH21 7SD.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for precision engineering, net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.

Work in progress is valued at cost, which includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

RODFORD ENGINEERING LTD (REGISTERED NUMBER: 03306537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. Accounting policies - continued

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Employees and directors

The average number of employees during the year was 28 (2022 - 31 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2022 1,890,774 52,655 30,745 1,974,174
Additions 36,120 6,239 - 42,359
Disposals (76,975 ) (22,913 ) - (99,888 )
At 31 March 2023 1,849,919 35,981 30,745 1,916,645
Depreciation
At 1 April 2022 1,502,783 40,136 24,132 1,567,051
Charge for year 105,676 3,786 1,653 111,115
Eliminated on disposal (75,567 ) (19,299 ) - (94,866 )
At 31 March 2023 1,532,892 24,623 25,785 1,583,300
Net book value
At 31 March 2023 317,027 11,358 4,960 333,345
At 31 March 2022 387,991 12,519 6,613 407,123

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 713,553 656,276
Other debtors - 1,221,848
Prepayments 49,588 23,643
763,141 1,901,767

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 108,415 109,471
Tax 98,909 80,139
Social security and other taxes 21,308 21,840
VAT 72,121 18,622
Other creditors 76,968 73,775
Directors' current accounts 63 642
Accruals and deferred income 18,408 10,137
396,192 314,626

RODFORD ENGINEERING LTD (REGISTERED NUMBER: 03306537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors - 1-5 years 27,608 104,576

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 70,169 67,626
Between one and five years 122,360 -
192,529 67,626

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 70,225 65,201

Deferred
tax
£   
Balance at 1 April 2022 65,201
Charge to Income statement during year 5,024
Balance at 31 March 2023 70,225

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A 1p 1 1
50 Ordinary B 1p 1 1
50 Ordinary C 1p 1 1
3 3

11. Ultimate controlling party

The Company is controlled by its director, Mr N Dallyn through his controlling stake of the parent company Rodford Land Limited.