ROJA LIMITED
Registered number: 04055560
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 576,474 580,657
Current assets
Debtors 4 66,155 10,478
Cash at bank and in hand 1,654 81,110
67,809 91,588
Creditors: amounts falling due within one year 5 (642,567) (695,670)
Net current liabilities (574,758) (604,082)
Total assets less current liabilities 1,716 (23,425)
Provisions for liabilities (1,112) (1,112)
Net assets/(liabilities) 604 (24,537)
Capital and reserves
Called up share capital 2,500 2,500
Profit and loss account (1,896) (27,037)
Shareholders' funds 604 (24,537)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Clough
Director
Approved by the board on 7 September 2023
ROJA LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 63 59
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2022 467,418 258,551 725,969
Additions - 18,845 18,845
At 31 July 2023 467,418 277,396 744,814
Depreciation
At 1 August 2022 72,606 72,706 145,312
Charge for the year 9,358 13,670 23,028
At 31 July 2023 81,964 86,376 168,340
Net book value
At 31 July 2023 385,454 191,020 576,474
At 31 July 2022 394,812 185,845 580,657
4 Debtors 2023 2022
£ £
Trade debtors 66,155 9,478
Other debtors - 1,000
66,155 10,478
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 24,614 27,103
Corporation tax 24,263 38,493
Other taxes and social security costs 43,565 43,589
Other creditors 550,125 586,485
642,567 695,670
6 Other information
ROJA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
9 Plymouth Grove West
Longsight
Manchester
M13 0AQ
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