ROUGE DESIGNS LTD

Company Registration Number:
07313011 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

ROUGE DESIGNS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

ROUGE DESIGNS LTD

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 43,091 24,324
Total fixed assets: 43,091 24,324
Current assets
Stocks: 3,550 3,850
Debtors:   250,202 558,090
Cash at bank and in hand: 198,669 184,256
Total current assets: 452,421 746,196
Creditors: amounts falling due within one year:   (175,159) (333,186)
Net current assets (liabilities): 277,262 413,010
Total assets less current liabilities: 320,353 437,334
Creditors: amounts falling due after more than one year:   (29,100) (38,887)
Total net assets (liabilities): 291,253 398,447
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 290,253 397,447
Shareholders funds: 291,253 398,447

The notes form part of these financial statements

ROUGE DESIGNS LTD

Balance sheet statements

For the year ending 31 July 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 May 2024
and signed on behalf of the board by:

Name: Mark Watson
Status: Director

The notes form part of these financial statements

ROUGE DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

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.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.Depreciation is provided on the following basis:Motor vehicles - 25% reducing balanceOffice equipment - 25% reducing balanceThe 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.

Valuation and information policy

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.

ROUGE DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 7 9

ROUGE DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 61,751
Additions 31,210
At 31 July 2023 92,961
Depreciation
At 01 August 2022 37,427
Charge for year 12,443
At 31 July 2023 49,870
Net book value
At 31 July 2023 43,091
At 31 July 2022 24,324