ROMAR SERVICE CENTRE MK LTD

Company Registration Number:
06771938 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

ROMAR SERVICE CENTRE MK LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

ROMAR SERVICE CENTRE MK LTD

Company Information

for the Period Ended 31 March 2023




Director: Mr Siroos Siavashi
Registered office: 2-3 Romar Court
Romar Court
Bletchley
Milton Keynes
England
MK1 1RH
Company Registration Number: 06771938 (England and Wales)

ROMAR SERVICE CENTRE MK LTD

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 38,410 43,253
Total fixed assets: 38,410 43,253
Current assets
Stocks: 3,124 1,547
Cash at bank and in hand: 88,594 90,075
Total current assets: 91,718 91,622
Creditors: amounts falling due within one year: 5 ( 74,917 ) ( 56,343 )
Net current assets (liabilities): 16,801 35,279
Total assets less current liabilities: 55,211 78,532
Creditors: amounts falling due after more than one year: 6 ( 39,152 ) ( 50,525 )
Total net assets (liabilities): 16,059 28,007

The notes form part of these financial statements

ROMAR SERVICE CENTRE MK LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 16,057 28,005
Shareholders funds: 16,059 28,007

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 26 December 2023
And Signed On Behalf Of The Board By:

Name: Mr Siroos Siavashi
Status: Director

The notes form part of these financial statements

ROMAR SERVICE CENTRE MK LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the
    carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

    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 Reducing balance 25%
    Office equipment Reducing balance 25%
    Fixtures & fittings Reducing balance 25%


    If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ROMAR SERVICE CENTRE MK LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 4

ROMAR SERVICE CENTRE MK LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

ROMAR SERVICE CENTRE MK LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £
At 01 April 2022 92,920 3,175 2,675 5,200 103,970
Additions - 1,050 7,553 - 8,603
Disposals - - - - -
Revaluations - - - - -
Transfers - - - - -
At 31 March 2023 92,920 4,225 10,228 5,200 112,573
Depreciation
At 01 April 2022 55,263 843 711 3,900 60,717
Charge for year 9,414 1,692 1,040 1,300 13,446
On disposals - - - - -
Other adjustments - - - - -
At 31 March 2023 64,677 2,535 1,751 5,200 74,163
Net book value
At 31 March 2023 28,243 1,690 8,477 0 38,410
At 31 March 2022 37,657 2,332 1,964 1,300 43,253

ROMAR SERVICE CENTRE MK LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 12,393 11,253
Accruals and deferred income 1,475 1,475
Other creditors 61,049 43,615
Total 74,917 56,343

ROMAR SERVICE CENTRE MK LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 31,805 42,901
Other creditors 7,347 7,624
Total 39,152 50,525