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REGISTERED NUMBER: 11211155 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Roabo Ltd

Roabo Ltd (Registered number: 11211155)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roabo Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: RJ Dobney





REGISTERED OFFICE: Unit 2A
Parc Gwynfryn
Crymych
Pembrokeshire
SA41 3RQ





REGISTERED NUMBER: 11211155 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Roabo Ltd (Registered number: 11211155)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 637 850

CURRENT ASSETS
Stocks 27,504 30,784
Debtors 5 42,110 74,368
Cash at bank and in hand 1,212 15,622
70,826 120,774
CREDITORS
Amounts falling due within one year 6 60,674 111,391
NET CURRENT ASSETS 10,152 9,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,789

10,233

PROVISIONS FOR LIABILITIES 121 162
NET ASSETS 10,668 10,071

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,568 9,971
10,668 10,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Roabo Ltd (Registered number: 11211155)

Balance Sheet - continued
28 February 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 3 October 2023 and were signed by:





RJ Dobney - Director


Roabo Ltd (Registered number: 11211155)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Roabo Ltd 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. 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.

The accounts have been prepared on a going concern basis, this is considered appropriate as the director has given his assurance that he will continue to support the company for the foreseeable future.

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.
Fixtures & fittings - 25% on reducing balance
Computer equipment - 33% on cost

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

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.


Roabo Ltd (Registered number: 11211155)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures Computer
& fittings equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 2,687 4,309 6,996
DEPRECIATION
At 1 March 2022 1,837 4,309 6,146
Charge for year 213 - 213
At 28 February 2023 2,050 4,309 6,359
NET BOOK VALUE
At 28 February 2023 637 - 637
At 28 February 2022 850 - 850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 34,033 34,928
Other debtors 8,077 39,440
42,110 74,368

Roabo Ltd (Registered number: 11211155)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 27,134 78,203
Taxation and social security 579 398
Other creditors 32,961 32,790
60,674 111,391

7. ULTIMATE CONTROLLING PARTY

The controlling party is RJ Dobney.