Rooted Limited 05176182 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is IT consultancy Digita Accounts Production Advanced 6.30.9574.0 true 05176182 2022-08-01 2023-07-31 05176182 2023-07-31 05176182 bus:OrdinaryShareClass1 2023-07-31 05176182 core:RetainedEarningsAccumulatedLosses 2023-07-31 05176182 core:ShareCapital 2023-07-31 05176182 core:CurrentFinancialInstruments 2023-07-31 05176182 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 05176182 core:FurnitureFittingsToolsEquipment 2023-07-31 05176182 bus:SmallEntities 2022-08-01 2023-07-31 05176182 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 05176182 bus:FilletedAccounts 2022-08-01 2023-07-31 05176182 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05176182 bus:RegisteredOffice 2022-08-01 2023-07-31 05176182 bus:Director1 2022-08-01 2023-07-31 05176182 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 05176182 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05176182 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 05176182 core:OfficeEquipment 2022-08-01 2023-07-31 05176182 countries:EnglandWales 2022-08-01 2023-07-31 05176182 2022-07-31 05176182 core:FurnitureFittingsToolsEquipment 2022-07-31 05176182 2021-08-01 2022-07-31 05176182 2022-07-31 05176182 bus:OrdinaryShareClass1 2022-07-31 05176182 core:RetainedEarningsAccumulatedLosses 2022-07-31 05176182 core:ShareCapital 2022-07-31 05176182 core:CurrentFinancialInstruments 2022-07-31 05176182 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 05176182 core:FurnitureFittingsToolsEquipment 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05176182

Rooted Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Rooted Limited

(Registration number: 05176182)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,789

3,801

Current assets

 

Debtors

5

88,153

72,895

Cash at bank and in hand

 

4,599

2,492

 

92,752

75,387

Creditors: Amounts falling due within one year

6

(95,813)

(78,457)

Net current liabilities

 

(3,061)

(3,070)

Total assets less current liabilities

 

728

731

Provisions for liabilities

(719)

(722)

Net assets

 

9

9

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

8

8

Shareholders' funds

 

9

9

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 April 2024
 

.........................................
R M Kent
Director

 

Rooted Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Second Floor
1 Church Terrace
Richmond
Surrey
TW10 6SE
United Kingdom

These financial statements were authorised for issue by the director on 17 April 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 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 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 provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.

Tax

The tax expense for the period comprises current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Rooted Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

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

Office equipment

33.3% straight line

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 0 (2022 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

15,753

15,753

Additions

5,174

5,174

Disposals

(5,368)

(5,368)

At 31 July 2023

15,559

15,559

Depreciation

At 1 August 2022

11,952

11,952

Charge for the year

5,186

5,186

Eliminated on disposal

(5,368)

(5,368)

At 31 July 2023

11,770

11,770

Carrying amount

At 31 July 2023

3,789

3,789

At 31 July 2022

3,801

3,801

 

Rooted Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

17,819

17,640

Prepayments

17,407

13,602

Other debtors

52,927

41,653

 

88,153

72,895

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

68,326

70,484

Accruals and deferred income

1,487

1,487

Other creditors

26,000

6,486

95,813

78,457

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1