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REGISTERED NUMBER: NI602185 (Northern Ireland)















ROL TESTING LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2023






ROL TESTING LIMITED (REGISTERED NUMBER: NI602185)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROL TESTING LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Richard O'Lone





REGISTERED OFFICE: 34A Tullyallen Road
Dungannon
Co. Tyrone
BT70 3AF





REGISTERED NUMBER: NI602185 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

ROL TESTING LIMITED (REGISTERED NUMBER: NI602185)

Statement of Financial Position
31 OCTOBER 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 387,669 125,448
387,669 125,448

CURRENT ASSETS
Inventories 7 9,240 31,721
Receivables: amounts falling due within
one year

8

425,709

196,859
Cash at bank 964,337 699,600
1,399,286 928,180
PAYABLES
Amounts falling due within one year 9 (839,830 ) (359,513 )
NET CURRENT ASSETS 559,456 568,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

947,125

694,115

PAYABLES
Amounts falling due after more than
one year

10

(292,795

)

(241,793

)

PROVISIONS FOR LIABILITIES (110,576 ) (20,963 )
NET ASSETS 543,754 431,359

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 542,754 430,359
SHAREHOLDERS' FUNDS 543,754 431,359

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

ROL TESTING LIMITED (REGISTERED NUMBER: NI602185)

Statement of Financial Position - continued
31 OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Richard O'Lone - Director


ROL TESTING LIMITED (REGISTERED NUMBER: NI602185)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Rol Testing Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight-line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Goodwill is reviewed for impairment at the end of the first full financial year following acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure
incurred in the normal course of business in bringing inventories to their present location and
condition.

Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.


ROL TESTING LIMITED (REGISTERED NUMBER: NI602185)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. ACCOUNTING POLICIES - continued
Taxation and deferred taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. The resulting exchange differences are dealt with in the Income Statement.

Leasing and hire purchases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis
over the period of the lease.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare
a Statement of Cash Flows because it is classified as a small company.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

ROL TESTING LIMITED (REGISTERED NUMBER: NI602185)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 November 2022
and 31 October 2023 100,000
AMORTISATION
At 1 November 2022
and 31 October 2023 100,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 November 2022 118,189 56,101 294,670 468,960
Additions 151,366 - 225,955 377,321
Disposals - - (37,200 ) (37,200 )
At 31 October 2023 269,555 56,101 483,425 809,081
DEPRECIATION
At 1 November 2022 103,673 44,495 195,344 343,512
Charge for year 7,758 3,120 67,022 77,900
At 31 October 2023 111,431 47,615 262,366 421,412
NET BOOK VALUE
At 31 October 2023 158,124 8,486 221,059 387,669
At 31 October 2022 14,516 11,606 99,326 125,448

7. INVENTORIES
2023 2022
£ £
Inventories 9,240 31,721

8. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade receivables 398,101 169,252
Amounts owed by group undertakings 27,608 27,607
425,709 196,859

ROL TESTING LIMITED (REGISTERED NUMBER: NI602185)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 50,000 41,600
Hire purchase contracts 66,078 19,845
Trade payables 180,800 82,334
Taxation and social security 100,428 37,497
Other payables 442,524 178,237
839,830 359,513

10. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Hire purchase contracts 159,461 50,060
Bank Loans 133,334 191,733
292,795 241,793

The hire purchase liabilities are secured upon the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary 1 1,000 1,000

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, an amount of £11,347 (2022 : £5,146) was owing to the Director in respect of monies advanced to the company.