Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-3018No description of principal activitytrue2022-10-01false16falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05202193 2022-10-01 2023-09-30 05202193 2021-10-01 2022-09-30 05202193 2023-09-30 05202193 2022-09-30 05202193 c:Director1 2022-10-01 2023-09-30 05202193 d:PlantMachinery 2022-10-01 2023-09-30 05202193 d:PlantMachinery 2023-09-30 05202193 d:PlantMachinery 2022-09-30 05202193 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05202193 d:MotorVehicles 2022-10-01 2023-09-30 05202193 d:MotorVehicles 2023-09-30 05202193 d:MotorVehicles 2022-09-30 05202193 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05202193 d:FurnitureFittings 2022-10-01 2023-09-30 05202193 d:FurnitureFittings 2023-09-30 05202193 d:FurnitureFittings 2022-09-30 05202193 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05202193 d:OfficeEquipment 2022-10-01 2023-09-30 05202193 d:OfficeEquipment 2023-09-30 05202193 d:OfficeEquipment 2022-09-30 05202193 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05202193 d:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 05202193 d:OtherPropertyPlantEquipment 2023-09-30 05202193 d:OtherPropertyPlantEquipment 2022-09-30 05202193 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05202193 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05202193 d:Goodwill 2023-09-30 05202193 d:Goodwill 2022-09-30 05202193 d:CurrentFinancialInstruments 2023-09-30 05202193 d:CurrentFinancialInstruments 2022-09-30 05202193 d:Non-currentFinancialInstruments 2023-09-30 05202193 d:Non-currentFinancialInstruments 2022-09-30 05202193 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05202193 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 05202193 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05202193 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 05202193 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 05202193 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 05202193 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05202193 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 05202193 d:ShareCapital 2023-09-30 05202193 d:ShareCapital 2022-09-30 05202193 d:RetainedEarningsAccumulatedLosses 2023-09-30 05202193 d:RetainedEarningsAccumulatedLosses 2022-09-30 05202193 c:FRS102 2022-10-01 2023-09-30 05202193 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 05202193 c:FullAccounts 2022-10-01 2023-09-30 05202193 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 05202193 2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 05202193










ROSTONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
ROSTONS LIMITED
REGISTERED NUMBER: 05202193

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
61,157
73,747

  
61,157
73,747

Current assets
  

Stocks
 6 
101,692
96,000

Debtors: amounts falling due within one year
 7 
287,642
276,176

Cash at bank and in hand
 8 
149,188
187,880

  
538,522
560,056

Creditors: amounts falling due within one year
 9 
(152,069)
(128,722)

Net current assets
  
 
 
386,453
 
 
431,334

Total assets less current liabilities
  
447,610
505,081

Creditors: amounts falling due after more than one year
 10 
(18,250)
(28,059)

Provisions for liabilities
  

Deferred tax
  
(6,251)
(7,747)

  
 
 
(6,251)
 
 
(7,747)

Net assets
  
423,109
469,275


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
423,107
469,273

  
423,109
469,275


Page 1

 
ROSTONS LIMITED
REGISTERED NUMBER: 05202193
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Anthony John Rimmer
Director

Date: 19 February 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ROSTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Rostons Limited os 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.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ROSTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is 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.

Page 4

 
ROSTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis..

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
20%
Straight line
Mobile telephones
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
ROSTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
18
16

Page 6

 
ROSTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2022
65,000



At 30 September 2023

65,000



Amortisation


At 1 October 2022
65,000



At 30 September 2023

65,000



Net book value



At 30 September 2023
-



At 30 September 2022
-



Page 7

 
ROSTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Mobile telephones
Total

£
£
£
£
£
£



Cost or valuation


At 1 October 2022
55,412
29,500
10,605
49,455
15,860
160,832


Additions
1,390
-
1,000
6,887
1,007
10,284



At 30 September 2023

56,802
29,500
11,605
56,342
16,867
171,116



Depreciation


At 1 October 2022
29,895
6,146
6,030
36,851
8,162
87,084


Charge for the year on owned assets
6,727
4,866
1,394
6,797
3,091
22,875



At 30 September 2023

36,622
11,012
7,424
43,648
11,253
109,959



Net book value



At 30 September 2023
20,180
18,488
4,181
12,694
5,614
61,157



At 30 September 2022
25,517
23,354
4,575
12,603
7,698
73,747

Page 8

 
ROSTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Stocks

2023
2022
£
£

Work in progress
101,692
96,000

101,692
96,000



7.


Debtors

2023
2022
£
£


Trade debtors
165,057
163,549

Amounts owed by group undertakings
48,995
16,578

Other debtors
54,789
76,828

Prepayments and accrued income
18,801
19,221

287,642
276,176



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
149,187
187,880

149,187
187,880



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
30,357
16,568

Corporation tax
12,515
27,230

Other taxation and social security
59,295
51,934

Other creditors
5,478
2,008

Accruals and deferred income
34,424
20,982

152,069
128,722


Page 9

 
ROSTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,250
28,059

18,250
28,059



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
8,249
18,058


8,249
18,058


28,249
38,058


 
Page 10