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Company No: 13812343 (England and Wales)

ROLLINSON ELECTRICAL LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ROLLINSON ELECTRICAL LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ROLLINSON ELECTRICAL LTD

COMPANY INFORMATION

For the financial year ended 31 December 2023
ROLLINSON ELECTRICAL LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR Dean Rollinson
REGISTERED OFFICE 75 North Moor Road
Huntington
York
YO32 9QN
England
United Kingdom
COMPANY NUMBER 13812343 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
ROLLINSON ELECTRICAL LTD

BALANCE SHEET

As at 31 December 2023
ROLLINSON ELECTRICAL LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 8,000 9,000
Tangible assets 4 965 1,447
8,965 10,447
Current assets
Stocks 5 3,000 5,000
Debtors 6 4,065 9,194
Cash at bank and in hand 7 60,084 32,513
67,149 46,707
Creditors: amounts falling due within one year 8 ( 66,900) ( 57,072)
Net current assets/(liabilities) 249 (10,365)
Total assets less current liabilities 9,214 82
Net assets 9,214 82
Capital and reserves
Called-up share capital 9 10 10
Profit and loss account 9,204 72
Total shareholder's funds 9,214 82

For the financial year ending 31 December 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 financial statements of Rollinson Electrical Ltd (registered number: 13812343) were approved and authorised for issue by the Director on 16 April 2024. They were signed on its behalf by:

Dean Rollinson
Director
ROLLINSON ELECTRICAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ROLLINSON ELECTRICAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rollinson Electrical Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 75 North Moor Road, Huntington, York, YO32 9QN, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2023 10,000 10,000
At 31 December 2023 10,000 10,000
Accumulated amortisation
At 01 January 2023 1,000 1,000
Charge for the financial year 1,000 1,000
At 31 December 2023 2,000 2,000
Net book value
At 31 December 2023 8,000 8,000
At 31 December 2022 9,000 9,000

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 2,008 2,008
At 31 December 2023 2,008 2,008
Accumulated depreciation
At 01 January 2023 561 561
Charge for the financial year 482 482
At 31 December 2023 1,043 1,043
Net book value
At 31 December 2023 965 965
At 31 December 2022 1,447 1,447

5. Stocks

2023 2022
£ £
Stocks 3,000 5,000

6. Debtors

2023 2022
£ £
Trade debtors 367 6,705
Other debtors 3,698 2,489
4,065 9,194

7. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 60,084 32,513

8. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,823 660
Taxation and social security 11,984 6,114
Other creditors 53,093 50,298
66,900 57,072

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10