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REGISTERED NUMBER: 01806103 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RONDO LIMITED

RONDO LIMITED (REGISTERED NUMBER: 01806103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RONDO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P T Studer
R Kuonen





REGISTERED OFFICE: Unit 7, Chessington Park
Lion Park Avenue
Chessington
Surrey
KT9 1ST





REGISTERED NUMBER: 01806103 (England and Wales)





AUDITORS: Orcom Civvals Audit Limited
Chartered Accountants and
Statutory Auditors
50 Seymour Street
London
W1H 7JG

RONDO LIMITED (REGISTERED NUMBER: 01806103)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 223,170 208,314

CURRENT ASSETS
Stocks 726,452 769,658
Debtors 6 417,308 289,303
Cash at bank and in hand 1,002,616 813,085
2,146,376 1,872,046
CREDITORS
Amounts falling due within one year 7 1,354,017 1,275,164
NET CURRENT ASSETS 792,359 596,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,015,529

805,196

CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Retained earnings 9 915,529 705,196
SHAREHOLDERS' FUNDS 1,015,529 805,196

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by:





P T Studer - Director


RONDO LIMITED (REGISTERED NUMBER: 01806103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Rondo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.

Going concern
The directors consider the going concern basis of preparation of the financial statements to be appropriate..

In making their assessment the directors have prepared budgets and cash flow forecasts covering a period of 12 months from the date of approval of these financial statements (the going concern assessment period). Based on their assessment the directors consider that the company will have sufficient funds to meet its working capital requirements during that period.

Significant judgements and estimates
The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The notes to the financial statements set out areas involving a higher degree of judgement, or areas where assumptions are significant to the reporting entity and its financial report such as:
- useful economic lives of tangible assets
- fair value of assets and liabilities
- recoverability of tax receivables, deferred tax assets and measurement of current and deferred tax liabilities can require significant judgement, particularly where the recoverability of such tax balances relies on the estimation of future taxable profits and management's determination of the likelihood that uncertain tax positions will be accepted by the relevant taxation authority

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including reasonable expectations of future events. Management believes that the estimates used in preparing this financial statements are reasonable. Actual results in the future may differ from those reported and it is therefore reasonably possible, on the basis of existing knowledge, that outcomes within the next financial year that are different from management's assumptions and estimates could require an adjustment to the carrying amounts of the reported assets and liabilities in future reporting periods.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

RONDO LIMITED (REGISTERED NUMBER: 01806103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings20% on cost
Motor vehicles20% on cost
Equipment20% on cost

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stock are measured at the lower of cost and estimated selling price less costs to sell. The cost of stock comprise all costs of purchase, of conversion and other costs incurred in bringing the stock to its present location and condition.

The acquisition costs are determined individually for each item or order (individual valuation). Similar stock items may be valued together, provided they are marketable. The valuation of the balance sheet date is based on the average method (actual costs)

Slow moving items have to value adjusted. This mainly concerns spare pars, as we guarantee a long-term supply of spare parts for all machines. We have determined the following percentage values for the necessary value adjustments.

Storage locations "Spare parts" - percentage depreciation if no movement:
1st year 50%
2nd year 75%
from 3rd
year

100%

Allowances for machines - percentage depreciation by age:
1st year 20%
2nd year 40%
3rd year 60%
4th year 80%
5th year 100%

Allowances for second-hand machines - percentage depreciation by age:
1st year 80%
2nd year 90%
3rd year 100%


RONDO LIMITED (REGISTERED NUMBER: 01806103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease agreements
Rental applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

RONDO LIMITED (REGISTERED NUMBER: 01806103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 January 2023 15,451 280,967 94,529 390,947
Additions - 109,695 1,376 111,071
Disposals - (122,916 ) - (122,916 )
At 31 December 2023 15,451 267,746 95,905 379,102
DEPRECIATION
At 1 January 2023 15,451 114,412 52,770 182,633
Charge for year - 49,132 11,824 60,956
Eliminated on disposal - (87,657 ) - (87,657 )
At 31 December 2023 15,451 75,887 64,594 155,932
NET BOOK VALUE
At 31 December 2023 - 191,859 31,311 223,170
At 31 December 2022 - 166,555 41,759 208,314

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 352,113 230,000
Other debtors - 18,374
Deferred tax asset 5,381 10,967
Prepayments and accrued income 59,814 29,962
417,308 289,303

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 69,841 98,969
Amounts owed to group undertakings 359,937 209,953
Tax 39,981 49,062
Social security and other taxes 21,697 21,578
VAT 198,225 21,971
Other creditors 538,498 751,275
Accruals and deferred income 125,838 122,356
1,354,017 1,275,164

RONDO LIMITED (REGISTERED NUMBER: 01806103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary shares £1 100,000 100,000

9. RESERVES
Retained
earnings
£   

At 1 January 2023 705,196
Profit for the year 210,333
At 31 December 2023 915,529

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aamir Kazi (Senior Statutory Auditor)
for and on behalf of Orcom Civvals Audit Limited

11. RELATED PARTY TRANSACTIONS

During the year, the company purchased goods and services in the normal course of business from group companies as follows:

£
Rondo Burgdorf AG 3,336,073
Rondo Schio S.r.l 83,743

At the accounting date, the following amounts were due from group companies:

£
Rondo Burgdorf AG 356,356
Rondo Schio S.r.l 3,581

12. ULTIMATE CONTROLLING PARTY

Rondo Burgdorf AG, a company registered in Switzerland, is the immediate parent company by virtue of its controlling interest in the share capital of the company. The ultimate parent company is Fabrel AG, a company registered in Switzerland.

The ultimate controlling party is Hans Mueller by virtue of his interest in the ultimate parent company.