0 false false false false false false false false false true false false false false false false No description of principal activity 2021-04-20 Sage Accounts Production Advanced 2021 - FRS102_2021 486,000 7,500 478,500 48,600 656 47,944 430,556 xbrli:pure xbrli:shares iso4217:GBP 13347492 2021-04-20 2022-04-30 13347492 2022-04-30 13347492 core:PlantMachinery 2021-04-20 2022-04-30 13347492 bus:Director1 2021-04-20 2022-04-30 13347492 core:PlantMachinery 2022-04-30 13347492 core:WithinOneYear 2022-04-30 13347492 core:AfterOneYear 2022-04-30 13347492 core:ShareCapital 2022-04-30 13347492 core:RetainedEarningsAccumulatedLosses 2022-04-30 13347492 bus:SmallEntities 2021-04-20 2022-04-30 13347492 bus:AuditExempt-NoAccountantsReport 2021-04-20 2022-04-30 13347492 bus:FullAccounts 2021-04-20 2022-04-30 13347492 bus:SmallCompaniesRegimeForAccounts 2021-04-20 2022-04-30 13347492 bus:PrivateLimitedCompanyLtd 2021-04-20 2022-04-30
COMPANY REGISTRATION NUMBER: 13347492
Roecliffe Trading Ltd
Filleted Unaudited Financial Statements
30 April 2022
Roecliffe Trading Ltd
Statement of Financial Position
30 April 2022
30 Apr 22
Note
£
Fixed assets
Tangible assets
4
430,556
Current assets
Debtors
5
41,441
Cash at bank and in hand
7
--------
41,448
Creditors: amounts falling due within one year
6
398,238
---------
Net current liabilities
356,790
---------
Total assets less current liabilities
73,766
Creditors: amounts falling due after more than one year
7
138,297
Provisions
9,739
---------
Net liabilities
( 74,270)
---------
Capital and reserves
Called up share capital
3
Profit and loss account
( 74,273)
--------
Shareholders deficit
( 74,270)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Roecliffe Trading Ltd
Statement of Financial Position (continued)
30 April 2022
These financial statements were approved by the board of directors and authorised for issue on 15 November 2023 , and are signed on behalf of the board by:
Mr Rishaan Singh Johal
Director
Company registration number: 13347492
Roecliffe Trading Ltd
Notes to the Financial Statements
Period from 20 April 2021 to 30 April 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Roecliffe House, Joe Moores Lane, Woodhouse Eaves, Loughborough.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Plant and machinery
£
Cost
At 20 April 2021
Additions
486,000
Disposals
( 7,500)
---------
At 30 April 2022
478,500
---------
Depreciation
At 20 April 2021
Charge for the period
48,600
Disposals
( 656)
---------
At 30 April 2022
47,944
---------
Carrying amount
At 30 April 2022
430,556
---------
5. Debtors
30 Apr 22
£
Other debtors
41,441
--------
6. Creditors: amounts falling due within one year
30 Apr 22
£
Other creditors
398,238
---------
7. Creditors: amounts falling due after more than one year
30 Apr 22
£
Other creditors
138,297
---------