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REGISTERED NUMBER: 03070277 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

ROADSCOPE LIMITED

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROADSCOPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: A J Bruce





REGISTERED OFFICE: 232 Sladepool Farm Road
Birmingham
B14 5EE





REGISTERED NUMBER: 03070277 (England and Wales)





ACCOUNTANTS: Clive Shedd & Co
Chartered Accountants
232 Sladepool Farm Road
Birmingham
B14 5EE

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 427,035 436,047

CURRENT ASSETS
Debtors 6 66,353 40,479

CREDITORS
Amounts falling due within one year 7 110,429 82,426
NET CURRENT LIABILITIES (44,076 ) (41,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,959

394,100

CREDITORS
Amounts falling due after more than one
year

8

(285,582

)

(302,102

)

PROVISIONS FOR LIABILITIES (4,380 ) (5,925 )
NET ASSETS 92,997 86,073

CAPITAL AND RESERVES
Called up share capital 10 99 99
Revaluation reserve 11 51,246 51,246
Retained earnings 41,652 34,728
SHAREHOLDERS' FUNDS 92,997 86,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 28 March 2024 and were signed by:





A J Bruce - Director


ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Roadscope Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company's functional and presentation currency is the pound sterling, rounded to the nearest £.

Significant judgements and estimates
In preparing these financial statements the company's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the statement of financial position date and the amounts reported in the income statement for the year under review.

The nature of estimates means that the actual outcome could differ and the company's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

The company's practice is to maintain its land and buildings in a state of repair and refurbishment such that the residual value is at least equal to its book value. Consequently a depreciation charge is considered to be immaterial.

Tangible fixed assets are initially recorded at cost.

Financial instruments
Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 400,000 298,231 698,231
DEPRECIATION
At 1 July 2022 - 262,184 262,184
Charge for year - 9,012 9,012
At 30 June 2023 - 271,196 271,196
NET BOOK VALUE
At 30 June 2023 400,000 27,035 427,035
At 30 June 2022 400,000 36,047 436,047

Cost or valuation at 30 June 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 400,000 - 400,000
Cost - 298,231 298,231
400,000 298,231 698,231

If land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 348,754 348,754

Land and buildings were valued on an open market basis on 2 January 2020 by GJS Dillon, commercial property valuers .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,353 40,479

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,148 4,148
Mortgage loan 16,608 23,212
Trade creditors 22,856 11,513
Taxation and social security 28,169 20,103
Other creditors 34,703 17,712
Accruals and deferred income 3,945 5,738
110,429 82,426

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgage loan - 1 to 2 years 17,259 16,608
Mortgage loan - 2 to 5 years 55,941 53,832
Mortgage loan - over 5 years 212,382 231,662
285,582 302,102

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan - over 5 years 212,382 231,662

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 4,148 4,148
Mortgage loan 302,190 325,314
306,338 329,462

Bank and mortgage borrowings are secured by legal mortgages over the company's land and buildings and by a debenture over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
99 Ordinary £1 99 99

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

11. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 51,246