Company Registration No. 1829581 (England and Wales)
ROLLS REFRIGERATION LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
ROLLS REFRIGERATION LIMITED
COMPANY INFORMATION
Director
Mr A Denny
Secretary
Mr A Denny
Company number
1829581
Registered office
Lexicon House
Third Avenue
Poynton
Cheshire
United Kingdom
SK12 1YL
Accountants
Azets
Alpha House
4 Greek St
Stockport
Cheshire
United Kingdom
SK3 8AB
ROLLS REFRIGERATION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ROLLS REFRIGERATION LIMITED
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,216
1,783
Current assets
Stocks
300
300
Debtors
5
24,357
30,944
Cash at bank and in hand
694,594
708,895
719,251
740,139
Creditors: amounts falling due within one year
6
(22,413)
(44,368)
Net current assets
696,838
695,771
Net assets
700,054
697,554
Capital and reserves
Called up share capital
7
25
25
Capital redemption reserve
75
75
Profit and loss reserves
699,954
697,454
Total equity
700,054
697,554
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 20 April 2024
Mr A Denny
Director
Company Registration No. 1829581
ROLLS REFRIGERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information
Rolls Refrigeration Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lexicon House, Third Avenue, Poynton, Cheshire, United Kingdom, SK12 1YL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, being the installation and maintenance of refrigeration equipment and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
15% per annum on cost
Motor vehicles
25% per annum on cost
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
ROLLS REFRIGERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Management have deemed there to be no key accounting estimates present within the financial statements.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022
37,192
Additions
2,023
At 31 July 2023
39,215
Depreciation and impairment
At 1 August 2022
35,409
Depreciation charged in the year
590
At 31 July 2023
35,999
Carrying amount
At 31 July 2023
3,216
At 31 July 2022
1,783
ROLLS REFRIGERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
21,900
29,180
Other debtors
2,457
1,764
24,357
30,944
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,638
10,858
Taxation and social security
15,442
4,743
Other creditors
4,333
28,767
22,413
44,368
7
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
25 ordinary shares of £1 each
25
25