IRIS Accounts Production v23.2.0.158 06553142 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065531422022-02-28065531422023-02-28065531422022-03-012023-02-28065531422021-02-28065531422021-03-012022-02-28065531422022-02-2806553142ns10:Originalns15:EnglandWales2022-03-012023-02-2806553142ns14:PoundSterlingns10:Original2022-03-012023-02-2806553142ns10:Originalns10:Director12022-03-012023-02-2806553142ns10:Original2022-03-012023-02-2806553142ns10:Original2023-02-2806553142ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2806553142ns10:Originalns10:SmallEntities2022-03-012023-02-2806553142ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2806553142ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806553142ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2806553142ns10:Originalns10:FullAccounts2022-03-012023-02-2806553142ns10:Originalns10:Director22022-03-012023-02-2806553142ns10:CompanySecretary1ns10:Original2022-03-012023-02-2806553142ns10:Originalns10:RegisteredOffice2022-03-012023-02-2806553142ns10:Original2022-02-2806553142ns10:Originalns5:CurrentFinancialInstruments2023-02-2806553142ns10:Originalns5:CurrentFinancialInstruments2022-02-2806553142ns10:Originalns5:Non-currentFinancialInstruments2023-02-2806553142ns10:Originalns5:Non-currentFinancialInstruments2022-02-2806553142ns5:ShareCapitalns10:Original2023-02-2806553142ns5:ShareCapitalns10:Original2022-02-2806553142ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2806553142ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2806553142ns10:Original12022-03-012023-02-2806553142ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-03-012023-02-2806553142ns10:Originalns5:PlantMachinery2022-03-012023-02-2806553142ns10:Originalns5:ComputerEquipment2022-03-012023-02-2806553142ns10:Original2021-03-012022-02-2806553142ns10:Originalns5:LandBuildings2022-02-2806553142ns10:Originalns5:PlantMachinery2022-02-2806553142ns10:Originalns5:ComputerEquipment2022-02-2806553142ns10:Original2022-02-2806553142ns10:Originalns5:LandBuildings2022-03-012023-02-2806553142ns10:Originalns5:LandBuildings2023-02-2806553142ns10:Originalns5:PlantMachinery2023-02-2806553142ns10:Originalns5:ComputerEquipment2023-02-2806553142ns10:Originalns5:LandBuildings2022-02-2806553142ns10:Originalns5:PlantMachinery2022-02-2806553142ns10:Originalns5:ComputerEquipment2022-02-2806553142ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-02-2806553142ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-012023-02-2806553142ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2806553142ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-02-2806553142ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806553142ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2806553142ns5:Securedns10:Original2023-02-2806553142ns5:Securedns10:Original2022-02-28
REGISTERED NUMBER: 06553142 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

P,TW & SR ROOKE LTD

P,TW & SR ROOKE LTD (REGISTERED NUMBER: 06553142)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P,TW & SR ROOKE LTD

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTORS: T W Rooke
S R Rooke





SECRETARY: T W Rooke





REGISTERED OFFICE: Manor Farm
Stonegrave
York
North Yorkshire
YO62 4LJ





REGISTERED NUMBER: 06553142 (England and Wales)





ACCOUNTANTS: Smailes Goldie Watson Limited
Chartered Accountants
1 Church Street
Kirkbymoorside
YO62 6AZ

P,TW & SR ROOKE LTD (REGISTERED NUMBER: 06553142)

STATEMENT OF FINANCIAL POSITION
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,648,559 1,586,248

CURRENT ASSETS
Inventories 946,400 1,331,610
Debtors 5 613,135 334,213
Investments 6 - 575,583
Prepayments and accrued income 7,276 8,001
1,566,811 2,249,407
CREDITORS
Amounts falling due within one year 7 977,178 490,516
NET CURRENT ASSETS 589,633 1,758,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,238,192

3,345,139

CREDITORS
Amounts falling due after more than one
year

8

(432,934

)

(670,872

)

PROVISIONS FOR LIABILITIES (226,339 ) (210,323 )
NET ASSETS 2,578,919 2,463,944

CAPITAL AND RESERVES
Called up share capital 5 3
Retained earnings 2,578,914 2,463,941
SHAREHOLDERS' FUNDS 2,578,919 2,463,944

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 directors acknowledge their 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.

P,TW & SR ROOKE LTD (REGISTERED NUMBER: 06553142)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





T W Rooke - Director


P,TW & SR ROOKE LTD (REGISTERED NUMBER: 06553142)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023


1. STATUTORY INFORMATION

P,TW & SR Rooke 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

Revenue recognition
Revenue 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.
Freehold property - Land - 0%, Buildings - 5% straight line
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Agricultural produce and other stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.


P,TW & SR ROOKE LTD (REGISTERED NUMBER: 06553142)

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 statement of financial position 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
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.

Going concern
The directors have considered the financial resources and commitments of the company and concluded that they have sufficient resources to meet liabilities as they fall due. The directors therefore consider it appropriate to prepare the financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 March 2022 794,995 1,758,801 3,250 2,557,046
Additions 926,226 401,587 390 1,328,203
Disposals - (245,725 ) - (245,725 )
At 28 February 2023 1,721,221 1,914,663 3,640 3,639,524
DEPRECIATION
At 1 March 2022 53,900 915,005 1,893 970,798
Charge for year 13,474 218,267 370 232,111
Eliminated on disposal - (211,944 ) - (211,944 )
At 28 February 2023 67,374 921,328 2,263 990,965
NET BOOK VALUE
At 28 February 2023 1,653,847 993,335 1,377 2,648,559
At 28 February 2022 741,095 843,796 1,357 1,586,248

P,TW & SR ROOKE LTD (REGISTERED NUMBER: 06553142)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2022 878,100
Additions 371,500
Transfer to ownership (236,000 )
At 28 February 2023 1,013,600
DEPRECIATION
At 1 March 2022 281,117
Charge for year 110,816
Transfer to ownership (36,085 )
At 28 February 2023 355,848
NET BOOK VALUE
At 28 February 2023 657,752
At 28 February 2022 596,983

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 571,437 327,163
Other debtors 41,698 7,050
613,135 334,213

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments - 575,583

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 145,552 155,799
Hire purchase contracts 149,585 149,778
Trade creditors 128,782 114,264
Amounts owed to joint ventures 537,247 -
Taxation and social security - 63,973
Other creditors 16,012 6,702
977,178 490,516

P,TW & SR ROOKE LTD (REGISTERED NUMBER: 06553142)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 328,184 277,444
Other creditors 104,750 393,428
432,934 670,872

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 33,510
Hire purchase contracts 477,769 427,222
Bank Loan - 271,670
477,769 732,402

The Hire Purchase contracts are secured on the assets to which they relate.