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REGISTERED NUMBER: 00925981 (England and Wales)








Audited Financial Statements

for the Year Ended

31 December 2023

for

Roskel Contracts Limited

Roskel Contracts Limited (Registered number: 00925981)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Roskel Contracts Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M J Perrott
I J Horton
R F Spinelli
J B Russell





REGISTERED OFFICE: 6 Oakington Business Park
Dry Drayton Road
Oakington
Cambridgeshire
CB24 3DQ





REGISTERED NUMBER: 00925981 (England and Wales)





AUDITORS: Nicklin Audit Limited
Chartered Accountants
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Roskel Contracts Limited (Registered number: 00925981)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,692 69,162

CURRENT ASSETS
Stocks 5 552,285 511,764
Debtors 6 899,087 1,148,553
Cash at bank 2,662,357 1,458,497
4,113,729 3,118,814
CREDITORS
Amounts falling due within one year 7 2,942,462 1,998,792
NET CURRENT ASSETS 1,171,267 1,120,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,221,959

1,189,184

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 1,211,959 1,179,184
SHAREHOLDERS' FUNDS 1,221,959 1,189,184

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 Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:





I J Horton - Director


Roskel Contracts Limited (Registered number: 00925981)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Roskel Contracts 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. 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 represents the amounts invoiced to customers, excluding value added tax, in respect of completed contracts. No credit is taken for claims until the outcome of a contract can be estimated reliably, which is normally when there has been significant progress towards completion. The turnover and profit before taxation relates solely to the company's principal activity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost and 20% on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value. Work in progress comprises all direct costs and an appropriate proportion of overheads. In the balance sheet contract payments on account have been deducted from the value of work in progress. Where payments on account for a particular contract exceed the value of work in progress the excess is transferred to creditors due within one year.


Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 36 (2022 - 33 ) .

Roskel Contracts Limited (Registered number: 00925981)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 25,383 169,926 72,037 267,346
Additions 439 - 5,470 5,909
Disposals - (27,000 ) - (27,000 )
At 31 December 2023 25,822 142,926 77,507 246,255
DEPRECIATION
At 1 January 2023 23,802 108,792 65,590 198,184
Charge for year 762 19,858 3,759 24,379
Eliminated on disposal - (27,000 ) - (27,000 )
At 31 December 2023 24,564 101,650 69,349 195,563
NET BOOK VALUE
At 31 December 2023 1,258 41,276 8,158 50,692
At 31 December 2022 1,581 61,134 6,447 69,162

5. STOCKS
2023 2022
£    £   
Work-in-progress 2,399,654 1,234,645
Payments on account (1,847,369 ) (722,881 )
552,285 511,764

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 806,387 1,040,497
Other debtors 50,670 62,401
Prepayments and accrued income 42,030 45,655
899,087 1,148,553

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,457,934 1,382,142
Amounts owed to group undertakings 277,664 202,535
Tax 179,822 87,027
Social security and other taxes 95,028 82,680
Payments on account 789,560 48,689
Accrued expenses 142,454 195,719
2,942,462 1,998,792

Roskel Contracts Limited (Registered number: 00925981)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 94,949 62,717
Between one and five years 135,249 86,307
230,198 149,024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Wright FCA (Senior Statutory Auditor)
for and on behalf of Nicklin Audit Limited

11. RELATED PARTY DISCLOSURES

The company is exempt from the requirement to disclose transactions with other group undertakings on the grounds that it is a subsidiary of Roskel Holdings 2017 Limited, which is registered at the same address, and its results are included in that company's consolidated accounts which are publicly available.