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REGISTERED NUMBER: 14194683 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ROKO STEEL + GLASS LTD

ROKO STEEL + GLASS LTD (REGISTERED NUMBER: 14194683)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROKO STEEL + GLASS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T F L Geissler
M Nagler



REGISTERED OFFICE: Suite 3.02 Grand Union Studios
332 Ladbroke Grove
London
W10 5AD



REGISTERED NUMBER: 14194683 (England and Wales)



AUDITORS: Davis Burton Sellek
Chartered Accountants
Statutory Auditors
The Galleries
Charters Road
Sunningdale
Berkshire
SL5 9QJ



BANKERS: HSBC
Canary Wharf
Canada Place
London
E14 5AH

ROKO STEEL + GLASS LTD (REGISTERED NUMBER: 14194683)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 24,006 10,000
Cash at bank 2,156 -
26,162 10,000
CREDITORS
Amounts falling due within one year 6 17,115 -
NET CURRENT ASSETS 9,047 10,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,047

10,000

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (953 ) -
9,047 10,000

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 Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





M Nagler - Director


ROKO STEEL + GLASS LTD (REGISTERED NUMBER: 14194683)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

ROKO Steel + Glass Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Going concern
The company's activities and its finances ultimately derive from its parent company Roschmann Konstruktionen aus Stahl und Glas GmbH. The company has received a letter of support from Roschmann Konstruktionen aus Stahl und Glas GmbH confirming that it will continue to provide the company with finance as required to meet its obligations for the period of at least twelve months from the date of approval of these financial statements.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. The directors have prepared budgets and projections demonstrating the company's ability to continue as a going concern for a period of at least twelve months. Whilst the directors recognise the challenges and uncertainties facing the company and the industry due to a possible recession and therefore a slower growth, they remain confident moving forward. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
The company is contracted by its parent company to prospect and to provide assistance to its clients. The turnover represents intercompany revenue under the terms of the service agreement.

Turnover is recognised in the period in which the services are provided in and are formed from the costs of carrying out the sales activity for the parent company with a mark-up factored in.

ROKO STEEL + GLASS LTD (REGISTERED NUMBER: 14194683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Equity instruments

Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.


ROKO STEEL + GLASS LTD (REGISTERED NUMBER: 14194683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. AUDITORS' REMUNERATION
Period
24.6.22
Year Ended to
31.12.23 31.12.22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

6,345

-
Auditors' remuneration for non audit work 3,945 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 20,000 10,000
Other debtors 4,006 -
24,006 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,814 -
Taxation and social security 6,030 -
Other creditors 8,271 -
17,115 -

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dawn O'Leary CA (Senior Statutory Auditor)
for and on behalf of Davis Burton Sellek

ROKO STEEL + GLASS LTD (REGISTERED NUMBER: 14194683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. CONTROL

The controlling party in the current and previous financial year is Roschmann Konstruktionen aus Stahl und Glas GmbH, based in Daimlerstraße 19, 86368 Gersthofen, Germany.