Company registration number 11825594 (England and Wales)
ROTAMAC EPC ENERGY SOLUTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
ROTAMAC EPC ENERGY SOLUTIONS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ROTAMAC EPC ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11825594)
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
76,590
-
0
Current assets
Stocks
19,582
9,954
Debtors
4
538,511
221,672
Cash at bank and in hand
1,044,334
283,318
1,602,427
514,944
Creditors: amounts falling due within one year
5
(1,247,738)
(191,102)
Net current assets
354,689
323,842
Total assets less current liabilities
431,279
323,842
Creditors: amounts falling due after more than one year
6
(57,634)
-
0
Provisions for liabilities
(1,159)
-
0
Net assets
372,486
323,842
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
372,386
323,742
Total equity
372,486
323,842

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ROTAMAC EPC ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11825594)
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 23 November 2023 and are signed on its behalf by:
Mr S Baxter
Director
ROTAMAC EPC ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
1
Accounting policies
Company information

Rotamac EPC Energy Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Rotamac House, Redlands Lane, Salehurst, Robertsbridge, East Sussex, TN32 5NA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and cost to complete can be estimated reliably. The stage of completion is calculated by comparing cost incurred as a proportion of total costs. Where the outcome cannot be estimate reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% Straight line
Computers
33% Straight line
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ROTAMAC EPC ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
3
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2022
-
0
-
0
-
0
-
0
Additions
4,311
11,658
69,750
85,719
At 28 February 2023
4,311
11,658
69,750
85,719
Depreciation and impairment
At 1 March 2022
-
0
-
0
-
0
-
0
Depreciation charged in the year
435
2,881
5,813
9,129
At 28 February 2023
435
2,881
5,813
9,129
Carrying amount
At 28 February 2023
3,876
8,777
63,937
76,590
At 28 February 2022
-
0
-
0
-
0
-
0
ROTAMAC EPC ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
215,000
Other debtors
538,511
6,672
538,511
221,672
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
301,270
113,213
Taxation and social security
161,994
76,108
Other creditors
784,474
1,781
1,247,738
191,102
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
57,634
-
0
7
Financial commitments, guarantees and contingent liabilities

Hire purchase liabilities are secured against the assets that they relate to.

8
Related party transactions

As at the balance sheet date, the company was owed £160,594 (2022:£6,292) by a company under common control, this is shown within other debtors.

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