Registered number
07707267
Rogers and Townsend Limited
Filleted Accounts
31 July 2023
Rogers and Townsend Limited
Registered number: 07707267
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 63,984 22,295
Current assets
Stocks 11,299 25,167
Debtors 5 358,129 406,050
Cash at bank and in hand 1,353,965 1,095,434
1,723,393 1,526,651
Creditors: amounts falling due within one year 6 (136,822) (174,703)
Net current assets 1,586,571 1,351,948
Net assets 1,650,555 1,374,243
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,650,553 1,374,241
Shareholders' funds 1,650,555 1,374,243
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 Rogers
Director
Approved by the board on 9 April 2024
Rogers and Townsend 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 (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery reducing balance of 25%
Fixtures, fittings, tools and equipment reducing balance of 25%
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
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 4 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 1,000,000
At 31 July 2023 1,000,000
Amortisation
At 1 August 2022 1,000,000
At 31 July 2023 1,000,000
Net book value
At 31 July 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 1,908 33,800 35,708
Additions 1,490 48,012 49,502
Disposals - (7,900) (7,900)
At 31 July 2023 3,398 73,912 77,310
Depreciation
At 1 August 2022 712 12,701 13,413
Charge for the year 337 5,875 6,212
On disposals - (6,299) (6,299)
At 31 July 2023 1,049 12,277 13,326
Net book value
At 31 July 2023 2,349 61,635 63,984
At 31 July 2022 1,196 21,099 22,295
5 Debtors 2023 2022
£ £
Trade debtors 213,434 211,206
Other debtors 144,695 194,844
358,129 406,050
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 40,802 39,945
Taxation and social security costs 56,069 64,122
Other creditors 39,951 70,636
136,822 174,703
7 Other information
Rogers and Townsend Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank House
2-4 Wood Street
Swindon
Wiltshire
SN1 4AB
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