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REGISTERED NUMBER: 02436646 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2023

FOR

ROSELAND RESTORATION LIMITED

ROSELAND RESTORATION LIMITED (REGISTERED NUMBER: 02436646)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSELAND RESTORATION LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2023







DIRECTOR: J J Little





SECRETARY: J J Little





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG





REGISTERED NUMBER: 02436646 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

ROSELAND RESTORATION LIMITED (REGISTERED NUMBER: 02436646)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 30,915 35,698

CURRENT ASSETS
Debtors 6 76,279 9,395
Cash at bank and in hand 1,810 10,058
78,089 19,453
CREDITORS
Amounts falling due within one year 7 86,300 87,987
NET CURRENT LIABILITIES (8,211 ) (68,534 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,704

(32,836

)

CREDITORS
Amounts falling due after more than one
year

8

(161,294

)

(167,311

)

PROVISIONS FOR LIABILITIES (5,878 ) -
NET LIABILITIES (144,468 ) (200,147 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (144,568 ) (200,247 )
SHAREHOLDERS' FUNDS (144,468 ) (200,147 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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.

ROSELAND RESTORATION LIMITED (REGISTERED NUMBER: 02436646)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





J J Little - Director


ROSELAND RESTORATION LIMITED (REGISTERED NUMBER: 02436646)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2023

1. STATUTORY INFORMATION

Roseland Restoration Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company has net liabilities of £134,030 at 31 January 2023. In the opinion of the Director the company is a going concern as it retains the support of the Director and his family. The financial statements are prepared on this basis accordingly.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - over 3 years

Taxation
Taxation for the period 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
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 period 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.

ROSELAND RESTORATION LIMITED (REGISTERED NUMBER: 02436646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - NIL ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 94,729 8,615 23,773 14,933 142,050
Additions 2,746 - - 624 3,370
At 31 January 2023 97,475 8,615 23,773 15,557 145,420
DEPRECIATION
At 1 August 2022 76,067 8,464 4,755 14,716 104,002
Charge for period 5,346 38 4,754 365 10,503
At 31 January 2023 81,413 8,502 9,509 15,081 114,505
NET BOOK VALUE
At 31 January 2023 16,062 113 14,264 476 30,915
At 31 July 2022 18,662 151 19,018 217 38,048

ROSELAND RESTORATION LIMITED (REGISTERED NUMBER: 02436646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 January 2023 23,773
DEPRECIATION
At 1 August 2022 4,755
Charge for period 4,754
At 31 January 2023 9,509
NET BOOK VALUE
At 31 January 2023 14,264
At 31 July 2022 19,018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,361 141
Amounts recoverable on contracts 13,543 5,000
Other debtors 1,450 800
VAT 10,169 -
Deferred tax asset
Accelerated capital allowances - 1,761
Prepayments 756 1,693
76,279 9,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,928
Hire purchase contracts 5,508 5,220
Trade creditors 22,582 54,984
Corporation tax 8,153 -
Social security and other taxes 6,086 4,073
VAT - 1,572
Other creditors 10,000 10,000
Pension scheme loan - 796
Deferred income 19,778 -
Accrued expenses 4,193 1,414
86,300 87,987

ROSELAND RESTORATION LIMITED (REGISTERED NUMBER: 02436646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 9,928
Bank loans - 2-5 years 14,240 19,422
Other loans 128,813 126,894
Hire purchase contracts 8,241 11,067
161,294 167,311

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 13,749 -

10. RELATED PARTY DISCLOSURES

The Director's family (including a company under their ownership) advanced net funds of £565 on a pre-existing loan during the year. At 31 January 2023, the Director's family and related interest was owed £138,813. (2022: £138,248.).

Of the amount owed, £128,813 is repayable in more than one year.

The loan is interest free.