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COMPANY REGISTRATION NUMBER: SC243571
ROOT-5 LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
ROOT-5 LTD
FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
Contents
Page
Officers and professional advisers
1
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position and the notes to the financial statements
3
ROOT-5 LTD
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr D Austin
Mrs S Austin
Company secretary
Mrs S Austin
Registered office
11 Bon Accord Crescent
Aberdeen Business Centre
Aberdeen
Scotland
AB11 6DE
Accountants
Ritsons
Chartered Accountants
26-30 Marine Place
Buckie
Moray
AB56 1UT
ROOT-5 LTD
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ROOT-5 LTD
YEAR ENDED 28 FEBRUARY 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Root-5 Ltd for the year ended 28 February 2023, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Root-5 Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Root-5 Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Root-5 Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Root-5 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Root-5 Ltd. You consider that Root-5 Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Root-5 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ritsons Chartered Accountants
26-30 Marine Place Buckie Moray AB56 1UT
20 November 2023
ROOT-5 LTD
STATEMENT OF FINANCIAL POSITION
28 February 2023
2023
2022
£
£
Fixed assets
132,351
131,360
---------
---------
Current assets
111,009
83,232
Prepayments and accrued income
582
1,094
---------
--------
111,591
84,326
Creditors: amounts falling due within one year
53,132
58,204
---------
---------
NET CURRENT ASSETS
58,459
26,122
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
190,810
157,482
Accruals and deferred income
1,500
1,500
---------
---------
189,310
155,982
---------
---------
Capital and reserves
189,310
155,982
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 2 ).
2. Directors' advances, credits and guarantees
As at 28 February 2023 the director S Austin owed the company £6,935 (2022: £7,143) by way of a director's loan account.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 20 November 2023 , and are signed on behalf of the board by:
Mr D Austin
Mrs S Austin
Director
Director
Company registration number: SC243571
The company is a private company limited by shares, registered in Scotland.