Company Registration No. 10944953 (England and Wales)
ROLSELEY LIMITED
Unaudited accounts
for the year ended 31 August 2023
ROLSELEY LIMITED
Unaudited accounts
Contents
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ROLSELEY LIMITED for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ROLSELEY LIMITED for the year ended
31 August 2023 as set out on pages
4 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd
Chartered Accountants
The Offices
57 Newtown Road
Hove
BN3 7BA
15 April 2024
ROLSELEY LIMITED
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
31,815
16,700
Creditors: amounts falling due within one year
(17,806)
(9,522)
Net current assets
31,849
36,227
Total assets less current liabilities
34,878
36,875
Creditors: amounts falling due after more than one year
(2,746)
(3,995)
Called up share capital
100
100
Profit and loss account
32,032
32,780
Shareholders' funds
32,132
32,880
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2024 and were signed on its behalf by
Rolandas Tupikas
Director
Company Registration No. 10944953
ROLSELEY LIMITED
Notes to the Accounts
for the year ended 31 August 2023
ROLSELEY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10944953. The registered office is Unit 1c Stockwell Lodge Studios, Rear Of 129-133 Conway Street, Hove, BN3 3LW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2022
3,974
883
4,857
At 31 August 2023
7,567
1,283
8,850
At 1 September 2022
3,892
317
4,209
Charge for the year
1,198
414
1,612
At 31 August 2023
5,090
731
5,821
At 31 August 2023
2,477
552
3,029
At 31 August 2022
82
566
648
ROLSELEY LIMITED
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Accrued income and prepayments
840
840
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
16,870
8,138
Loans from directors
371
795
7
Creditors: amounts falling due after more than one year
2023
2022
During the year the director loaned the company money for working capital purposes. The loan was interest free, unsecured and repayable on demand with £371 outstanding at the year-end (2022: £795).
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).