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Registered number: 05325790
R O ENGINEERING LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2024
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
R O ENGINEERING LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2024
DIRECTORS
R Sloley
SECRETARY
D Crew
REGISTERED OFFICE
73 Brackendale Avenue
Basildon
Essex
SS13 3BE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05325790
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
R O ENGINEERING LIMITED
ACCOUNTS
FOR THEYEARENDED31 JANUARY 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
R O ENGINEERING LIMITED
BALANCE SHEET AT 31 January 2024
20242023
Notes££
FIXED ASSETS
Tangible assets33,3554,474
CURRENT ASSETS
Stock24,67938,000
Debtors530,0329,950
Cash at bank and in hand46,10837,229
100,81985,179
CREDITORS: Amounts falling due within one year651,15546,291
NET CURRENT ASSETS49,66438,888
TOTAL ASSETS LESS CURRENT LIABILITIES53,01943,362
PROVISIONS FOR LIABILITIES AND CHARGES7642854
NET ASSETS52,37742,508
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account52,27742,408
SHAREHOLDERS' FUNDS52,37742,508
For the year ending 31 January 2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12 April 2024 and signed on their behalf by
.............................
R Sloley
Director
R O ENGINEERING LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
R O ENGINEERING LIMITED
2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 1 February 202317,56417,564
At 31 January 202417,56417,564
Depreciation
At 1 February 202313,09013,090
For the year1,1191,119
At 31 January 202414,20914,209
Net Book Amounts
At 31 January 20243,3553,355
At 31 January 20234,4744,474
4. STOCK 20242023
££
Stock comprises:
Stock raw materials22,00038,000
Work in progress2,679-
24,67938,000
5. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors27,5327,400
Other debtors2,5002,550
30,0329,950
R O ENGINEERING LIMITED
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors17,4718,007
Taxation and social security13,48115,059
Other creditors20,20323,225
51,15546,291
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation642854
642854
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. OTHER FINANCIAL COMMITMENTS
At 31 January 2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating leases: Leases finish December 202656,720-