Company Registration No. 4321153 (England and Wales)
ROSE EXPORT LTD
Unaudited accounts
for the year ended 31 May 2023
ROSE EXPORT LTD
Unaudited accounts
Contents
ROSE EXPORT LTD
Company Information
for the year ended 31 May 2023
Company Number
4321153 (England and Wales)
Registered Office
STATION BUSINESS PARK
LAPFORD
CREDITON
DEVON
EX17 6AE
ROSE EXPORT LTD
Statement of financial position
as at 31 May 2023
Tangible assets
1,167,880
910,167
Cash at bank and in hand
41,734
174,213
Creditors: amounts falling due within one year
(189,122)
(210,006)
Net current (liabilities)/assets
(61,098)
14,514
Total assets less current liabilities
1,106,782
924,681
Creditors: amounts falling due after more than one year
(513,592)
(413,949)
Net assets
593,190
510,732
Called up share capital
1
1
Profit and loss account
593,189
510,731
Shareholders' funds
593,190
510,732
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 November 2023 and were signed on its behalf by
George Rose
Director
Company Registration No. 4321153
ROSE EXPORT LTD
Notes to the Accounts
for the year ended 31 May 2023
ROSE EXPORT LTD is a private company, limited by shares, registered in England and Wales, registration number 4321153. The registered office is STATION BUSINESS PARK, LAPFORD, CREDITON, DEVON, EX17 6AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
12.5% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
491,274
236,091
1,025,700
1,753,065
Additions
100,585
29,099
211,193
340,877
Disposals
-
(4,662)
-
(4,662)
At 31 May 2023
591,859
260,528
1,236,893
2,089,280
At 1 June 2022
-
113,439
729,459
842,898
Charge for the year
-
15,581
62,921
78,502
At 31 May 2023
-
129,020
792,380
921,400
At 31 May 2023
591,859
131,508
444,513
1,167,880
At 31 May 2022
491,274
122,652
296,241
910,167
ROSE EXPORT LTD
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
11,921
10,668
Accrued income and prepayments
25,523
8,267
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
75,362
49,994
Obligations under finance leases and hire purchase contracts
55,532
24,884
Trade creditors
15,106
37,301
Taxes and social security
16,814
63,728
Loans from directors
24,272
32,214
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
398,155
400,961
Obligations under finance leases and hire purchase contracts
115,437
12,988
8
Transactions with related parties
In the year ended 31 May 2021 the Company leased the 80% share of the property at Station Business Park, owned by the director Mr G H Rose at an annual rental of £51,000.
This is a market value rent.
9
Average number of employees
During the year the average number of employees was 33 (2022: 33).