Company registration number:
03731519
ROL Solutions Limited
Unaudited filleted financial statements
31 August 2023
Coulter & Co.
Chartered Certified Accountants
ROL Solutions Limited
Contents
Directors and other information
Director's report
Accountants report
Statement of financial position
Notes to the financial statements
ROL Solutions Limited
Directors and other information
|
|
|
|
|
Director |
N P Streatfeild |
|
|
|
|
|
|
|
|
|
|
Secretary |
N P Streatfeild |
|
|
|
|
|
|
|
|
|
|
Company number |
03731519 |
|
|
|
|
|
|
|
|
|
|
Registered office |
King Centre |
|
|
|
Main Road |
|
|
|
Barleythorpe |
|
|
|
Rutland |
|
|
|
LE15 7WD |
|
|
|
|
|
|
|
|
|
|
Accountants |
Coulter & Co |
|
|
|
Pera Business Park |
|
|
|
M03 Tower Building |
|
|
|
Nottingham Road |
|
|
|
Melton Mowbray |
|
|
|
LE13 0PB |
|
|
|
|
|
ROL Solutions Limited
Director's report
Year ended 31 August 2023
The director presents this report and the unaudited financial statements of the company for the year ended 31 August 2023.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
13 November 2023
and signed on behalf of the board by:
N P Streatfeild
Director
ROL Solutions Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of ROL Solutions Limited
Year ended 31 August 2023
As described on the Statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 August 2023, as set out on pages 4 to 7.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Coulter & Co
Chartered Certified Accountants
Pera Business Park
M03 Tower Building
Nottingham Road
Melton Mowbray
LE13 0PB
13 November 2023
ROL Solutions Limited
Statement of financial position
31 August 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
14,186 |
|
|
|
15,628 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
14,186 |
|
|
|
15,628 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
501,017 |
|
|
|
341,464 |
|
|
Cash at bank and in hand |
|
|
130,109 |
|
|
|
275,241 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
631,126 |
|
|
|
616,705 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
249,481) |
|
|
|
(
193,733) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
381,645 |
|
|
|
422,972 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
395,831 |
|
|
|
438,600 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
136,000) |
|
|
|
(
188,000) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
259,831 |
|
|
|
250,600 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
2,640 |
|
|
|
2,623 |
Share premium account |
|
|
|
|
22,100 |
|
|
|
19,200 |
Profit and loss account |
|
|
|
|
235,091 |
|
|
|
228,777 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
259,831 |
|
|
|
250,600 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
13 November 2023
, and are signed on behalf of the board by:
N P Streatfeild
Director
Company registration number:
03731519
ROL Solutions Limited
Notes to the financial statements
Year ended 31 August 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is King Centre, Main Road, Barleythorpe, Rutland, LE15 7WD.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Govmetric kiosks
33
%
Straight line
Fittings fixtures and equipment
15
%
Straight line
Motor vehicles
25
%
Straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
18
(2022:
12
).
5.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 September 2022 |
180,725 |
234,021 |
16,789 |
431,535 |
|
|
|
|
Additions |
- |
3,621 |
- |
3,621 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 August 2023 |
180,725 |
237,642 |
16,789 |
435,156 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 September 2022 |
180,724 |
218,393 |
16,789 |
415,906 |
|
|
|
|
Charge for the year |
- |
5,064 |
- |
5,064 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 August 2023 |
180,724 |
223,457 |
16,789 |
420,970 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 August 2023 |
1 |
14,185 |
- |
14,186 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 August 2022 |
1 |
15,628 |
- |
15,629
|
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
471,392 |
340,894 |
|
Other debtors |
|
29,625 |
570 |
|
|
|
_______ |
_______ |
|
|
|
501,017 |
341,464 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade creditors |
|
- |
1,090 |
|
Corporation tax |
|
2,700 |
- |
|
Social security and other taxes |
|
87,773 |
62,276 |
|
Other creditors |
|
159,008 |
130,367 |
|
|
|
_______ |
_______ |
|
|
|
249,481 |
193,733 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
136,000 |
188,000 |
|
|
|
_______ |
_______ |
|
|
|
|
|