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REGISTERED NUMBER: 06508150 (England and Wales)















ROGERS & CO (SWANSEA) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ROGERS & CO (SWANSEA) LIMITED (REGISTERED NUMBER: 06508150)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


ROGERS & CO (SWANSEA) LIMITED (REGISTERED NUMBER: 06508150)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 60,000
Tangible assets 5 3,614 2,326
53,614 62,326

CURRENT ASSETS
Stocks 8,500 10,200
Debtors 6 20,370 8,310
Cash at bank and in hand 100,022 5,599
128,892 24,109
CREDITORS
Amounts falling due within one year 7 64,802 42,930
NET CURRENT ASSETS/(LIABILITIES) 64,090 (18,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,704

43,505

CREDITORS
Amounts falling due after more than one
year

8

112,054

41,606
NET ASSETS 5,650 1,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,550 1,799
SHAREHOLDERS' FUNDS 5,650 1,899

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 her 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.

ROGERS & CO (SWANSEA) LIMITED (REGISTERED NUMBER: 06508150)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 30 September 2023 and were signed by:





Mrs S Rogers - Director


ROGERS & CO (SWANSEA) LIMITED (REGISTERED NUMBER: 06508150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Rogers & Co (Swansea) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06508150

Registered office: 414 Gower Road
Killay
Swansea
SA2 7AJ

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current 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 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.

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 3 (2022 - 4 ) .

ROGERS & CO (SWANSEA) LIMITED (REGISTERED NUMBER: 06508150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 200,000
AMORTISATION
At 1 April 2022 140,000
Amortisation for year 10,000
At 31 March 2023 150,000
NET BOOK VALUE
At 31 March 2023 50,000
At 31 March 2022 60,000

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2022 23,360
Additions 1,609
At 31 March 2023 24,969
DEPRECIATION
At 1 April 2022 21,034
Charge for year 321
At 31 March 2023 21,355
NET BOOK VALUE
At 31 March 2023 3,614
At 31 March 2022 2,326

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,535 3,084
Other debtors 3,835 5,226
20,370 8,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,793 160
Taxation and social security 41,171 38,126
Other creditors 20,838 4,644
64,802 42,930

ROGERS & CO (SWANSEA) LIMITED (REGISTERED NUMBER: 06508150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,054 41,606
Other creditors 80,000 -
112,054 41,606

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 32,054 41,606

A bounce back loan was advanced in the previous period, this is secured by the UK Government.

10. RELATED PARTY DISCLOSURES

Rent is charged to the company by a company under the control of the director at market value and is shown separately in the profit and loss account.
Monies were owed to the director at the year end amounting to £100,650 (2022 £2828) and is included in creditors payable in under one year of £20,650 (2022 £2828) and creditors over one year of £80,000 (2022 Nil)
The company is under the control of the director who owns 100% of the issued share capital.