ROSSMORE OYSTERS LIMITED

Company Registration Number:
03782417 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

ROSSMORE OYSTERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

ROSSMORE OYSTERS LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 10,707 22,340
Total fixed assets: 10,707 22,340
Current assets
Stocks: 5,500 4,950
Debtors:   170,096 138,552
Cash at bank and in hand: 185,410 91,826
Total current assets: 361,006 235,328
Creditors: amounts falling due within one year:   (148,031) (102,767)
Net current assets (liabilities): 212,975 132,561
Total assets less current liabilities: 223,682 154,901
Total net assets (liabilities): 223,682 154,901
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 223,680 154,899
Shareholders funds: 223,682 154,901

The notes form part of these financial statements

ROSSMORE OYSTERS LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 January 2024
and signed on behalf of the board by:

Name: Bridget Hugh-Jones
Status: Director

The notes form part of these financial statements

ROSSMORE OYSTERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Turnover comprises the fair value of consideration received and receivable exclusive of Value Added Tax.Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

All tangible fixed assets are initially recorded at historic cost. This includes legal fees, stamp duty and other non-refundable purchases taxes, and also any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management, which can include the costs of site preparation, initial delivery and handling, installation and assembly, and testing of functionality.Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less residual value, of each asset systematically over its expected useful life, on a straight line basis, as follows:Plant and machinery - 6.66% Straight lineOffice equipment - 6.66% Straight lineFixtures and fittings - 10% Straight lineMotor vehicles - 20% Straight lineThe company’s policy is to review the remaining useful economic lives and residual values of tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining estimated useful economic life and residual value.Fully depreciated tangible fixed assets are retained in the cost of the assets and related accumulated depreciation until they are removed from service. In the case of disposals, assets and related depreciation are removed from the financial statements and the net amount, less proceeds from disposal, is charged or credited to the profit and loss account.

Valuation and information policy

Stocks are stated at the lower of cost or net realisable value.

Other accounting policies

Taxation and deferred taxationThe charge for taxation is based on the profit for the financial year and is calculated with reference to the tax rates applying at the financial year end date in the jurisdiction where the tax is applied. Deferred taxation is calculated on the differences between the company’s taxable profits and the results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Full provision for deferred tax assets and liabilities is made at current tax rates on differences that arise between the recognition of gains and losses in the financial statements and their recognition in the tax computation. 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. Functional and presentation currencyItems included in the financial statements are presented in Sterling, the currency of the primary economic environment in which the entity operates (the ‘functional currency’). Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the financial year end date. All foreign exchange differences are taken to the profit and loss account.

ROSSMORE OYSTERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

ROSSMORE OYSTERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 111,260
At 30 April 2023 111,260
Depreciation
At 01 May 2022 88,920
Charge for year 11,633
At 30 April 2023 100,553
Net book value
At 30 April 2023 10,707
At 30 April 2022 22,340