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REGISTERED NUMBER: 01345509 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2023

for

Rotagrip Limited

Rotagrip Limited (Registered number: 01345509)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rotagrip Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: I R Cooper





REGISTERED OFFICE: 16 Lodge Road
Hockley
Birmingham
West Midlands
B18 5PN





REGISTERED NUMBER: 01345509 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Rotagrip Limited (Registered number: 01345509)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,870 4,412

CURRENT ASSETS
Stocks 500,000 425,000
Debtors 5 66,314 49,303
Cash at bank 47,596 63,813
613,910 538,116
CREDITORS
Amounts falling due within one year 6 198,118 175,186
NET CURRENT ASSETS 415,792 362,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,662

367,342

CREDITORS
Amounts falling due after more than one year 7 27,267 36,667
NET ASSETS 391,395 330,675

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 386,395 325,675
SHAREHOLDERS' FUNDS 391,395 330,675

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

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

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 13 November 2023 and were signed by:





I R Cooper - Director


Rotagrip Limited (Registered number: 01345509)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Rotagrip 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. 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.

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 and fittings - 20% on reducing balance

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Rotagrip Limited (Registered number: 01345509)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 5,500 116,220 121,720
DEPRECIATION
At 1 April 2022 3,300 114,008 117,308
Charge for year 1,100 442 1,542
At 31 March 2023 4,400 114,450 118,850
NET BOOK VALUE
At 31 March 2023 1,100 1,770 2,870
At 31 March 2022 2,200 2,212 4,412

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,487 41,973
Other debtors 16,827 7,330
66,314 49,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 1,068
Trade creditors 153,259 123,771
Taxation and social security 22,209 12,534
Other creditors 12,650 27,813
198,118 175,186

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 27,267 36,667

8. RELATED PARTY DISCLOSURES

At the year end amounts are owed to the directors of £2,274 (2022: £14,852) .