Roadbook Group Limited 13444122 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is other business support service activities. Digita Accounts Production Advanced 6.30.9574.0 true 13444122 2022-06-01 2023-05-31 13444122 2023-05-31 13444122 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-05-31 13444122 core:CurrentFinancialInstruments 2023-05-31 13444122 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 13444122 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 13444122 core:FurnitureFittingsToolsEquipment 2023-05-31 13444122 bus:SmallEntities 2022-06-01 2023-05-31 13444122 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 13444122 bus:AbridgedAccounts 2022-06-01 2023-05-31 13444122 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 13444122 bus:RegisteredOffice 2022-06-01 2023-05-31 13444122 bus:Director1 2022-06-01 2023-05-31 13444122 bus:Director2 2022-06-01 2023-05-31 13444122 bus:Director3 2022-06-01 2023-05-31 13444122 bus:Director4 2022-06-01 2023-05-31 13444122 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-06-01 2023-05-31 13444122 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13444122 core:ComputerEquipment 2022-06-01 2023-05-31 13444122 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 13444122 countries:EnglandWales 2022-06-01 2023-05-31 13444122 2021-06-08 2022-05-31 13444122 2022-05-31 13444122 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-05-31 13444122 core:CurrentFinancialInstruments 2022-05-31 13444122 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 13444122 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 13444122 core:FurnitureFittingsToolsEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13444122

Roadbook Group Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 May 2023

 

Roadbook Group Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Roadbook Group Limited

Company Information

Directors

Samir Reinhold Wildemann

Anthony Parker

Nicolas Visuthiprapa

Michael John Parker

Registered office

Suite 609 Brittania House
1-11 Glenthorne Road
London
W6 0LH

Accountants

Mark Broadhead Accountants Limited

 

Roadbook Group Limited

(Registration number: 13444122)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

65,030

-

Tangible assets

5

4,379

18,259

 

69,409

18,259

Current assets

 

Debtors

6

47,735

36,961

Cash at bank and in hand

 

219,614

54,026

 

267,349

90,987

Prepayments and accrued income

 

4,580

2,100

Creditors: Amounts falling due within one year

(266,704)

(146,176)

Net current assets/(liabilities)

 

5,225

(53,089)

Total assets less current liabilities

 

74,634

(34,830)

Creditors: Amounts falling due after more than one year

-

(343,674)

Net assets/(liabilities)

 

74,634

(378,504)

Capital and reserves

 

Called up share capital

7

288

200

Share premium reserve

225,766

-

Retained earnings

(151,420)

(378,704)

Shareholders' funds/(deficit)

 

74,634

(378,504)

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Roadbook Group Limited

(Registration number: 13444122)
Abridged Balance Sheet as at 31 May 2023

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 

.........................................
Anthony Parker
Director

.........................................
Michael John Parker
Director

 

Roadbook Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 609 Brittania House
1-11 Glenthorne Road
London
W6 0LH
England

These financial statements were authorised for issue by the Board on 20 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Roadbook Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

straight line, 3 years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Roadbook Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Intangible assets

Total
£

Cost or valuation

Additions acquired separately

65,030

At 31 May 2023

65,030

Amortisation

Carrying amount

At 31 May 2023

65,030

The aggregate amount of research and development expenditure recognised as an expense during the period is £- (2022 - £168,674).
 

 

Roadbook Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

4,777

4,777

At 31 May 2023

4,777

4,777

Depreciation

Charge for the year

398

398

At 31 May 2023

398

398

Carrying amount

At 31 May 2023

4,379

4,379

At 31 May 2022

18,259

18,259

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

288

288

200

200