Registered number
05000677
Roman West Interiors Limited
Accounts
For the Year Ended
31 December 2023
Oakensen
Chartered Accountants
Unit 2 Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Roman West Interiors Limited
Registered number: 05000677
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3 42
Current assets
Stocks 88 88
Debtors 4 26 68
Bank - 7
114 163
Creditors: amounts falling due within one year 5 (1,492) (1,039)
Net current liabilities (1,378) (876)
Total assets less current liabilities (1,375) (834)
Creditors: amounts falling due after more than one year 6 (12,500) (12,331)
Net liabilities (13,875) (13,165)
Capital and reserves
Called up share capital 100 100
Profit and loss account (13,975) (13,265)
Shareholder's funds (13,875) (13,165)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Roberts
Director
Approved by the board on 21 August 2024
Roman West Interiors Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax, of work carried out in respect of services provided to customers. Turnover is recognised when the work has been fully completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 7 years
Motor vehicles 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 January 2023 2,661 3,800 6,461
At 31 December 2023 2,661 3,800 6,461
Depreciation
At 1 January 2023 2,619 3,800 6,419
Charge for the year 39 - 39
At 31 December 2023 2,658 3,800 6,458
Net book value
At 31 December 2023 3 - 3
At 31 December 2022 42 - 42
4 Debtors 2023 2022
£ £
Other debtors 26 68
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,492 1,039
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,921 4,861
Other creditors 7,579 7,470
12,500 12,331
7 Related party transactions
Included in creditors due after one year is an amount of £7,579 (2022: £7,470) which is due to the director.
8 Other information
Roman West Interiors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2 Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
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