Roxrose Projects Ltd


FINANCIAL STATEMENTS


for the year ended 30th April 2023



Roxrose Projects Ltd

CONTENTS

for the year ended 30th April 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Roxrose Projects Ltd

Company No. 06587784

STATEMENT OF FINANCIAL POSITION

as at 30th April 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment41648917634
1648917634
CURRENT ASSETS
Debtors511467387792
Cash at bank and in hand339653106381
454326194173
CURRENT LIABILITIES
Creditors: amounts falling due
within one year6392031137534
NET CURRENT ASSETS6229556639
TOTAL ASSETS LESS CURRENT LIABILITIES7878474273
 
Creditors: amounts falling due
after more than one year--
 
Provisions for liabilities and charges
Deferred taxation452452
 
NET ASSETS7833273821
 
CAPITAL AND RESERVES
Called up share capital33
Retained earnings7832973818
SHAREHOLDERS FUNDS7833273821

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 13 October 2023


Mrs S Brown

Director

Company Number 06587784 (England)

Roxrose Projects Ltd

NOTES TO THE ACCOUNTS

for the year ended 30th April 2023


1   Statutory information

Roxrose Projects Ltd is a private company limited by shares and registered under company number 06587784 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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:

Plant, machinery and vehicles20-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 10 (2022 - 10).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st May 2022 1867340901325336016
Additions--23822382
At 30th April 20231867340901563538398
 
Depreciation
At 1st May 2022 46683760995418382
Charge for year2801666603527
At 30th April 2023746938261061421909
 
Net Book Value
At 30th April 202311204264502116489
At 30th April 202214005330329917634

5   Debtors20232022
££
 
Trade Debtors11467382792
Other debtors-5000
11467387792

6   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts3906449064
Corporation tax4836334192
Taxes and social security costs6601522999
Other creditors3640631279
Accruals and deferred income202183-
392031137534

7   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20232022
££
 
P L Murphy57196720
Mrs S Brown5719-
114386720

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