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REGISTERED NUMBER: 03193415 (England and Wales)
















Financial Statements for the Year Ended 30 April 2024

for

RoadCraft Safety Products Limited

RoadCraft Safety Products Limited (Registered number: 03193415)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RoadCraft Safety Products Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: W Holbrook





REGISTERED OFFICE: Unit 1 Knightcott Industrial Estate
Banwell
Weston super Mare
Somerset
BS29 6JN





REGISTERED NUMBER: 03193415 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA

RoadCraft Safety Products Limited (Registered number: 03193415)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,417 2,833
Tangible assets 5 132,576 119,592
Investment property 6 207,000 207,000
340,993 329,425

CURRENT ASSETS
Stocks 566,182 636,886
Debtors 7 700,440 727,923
Cash at bank and in hand 435,554 511,720
1,702,176 1,876,529
CREDITORS
Amounts falling due within one year 8 435,934 554,604
NET CURRENT ASSETS 1,266,242 1,321,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,607,235

1,651,350

PROVISIONS FOR LIABILITIES 30,261 27,666
NET ASSETS 1,576,974 1,623,684

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,575,974 1,622,684
SHAREHOLDERS' FUNDS 1,576,974 1,623,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

RoadCraft Safety Products Limited (Registered number: 03193415)

Balance Sheet - continued
30 April 2024


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 22 August 2024 and were signed by:





W Holbrook - Director


RoadCraft Safety Products Limited (Registered number: 03193415)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

RoadCraft Safety Products Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover 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 2018, is being amortised evenly over its estimated useful life of five years.

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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - straight line over the life of the lease
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Fixtures, fittings and equipment - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
The investment property is shown at the director's valuation as at 30 April 2023.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


RoadCraft Safety Products Limited (Registered number: 03193415)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 160,000 21,350 181,350
AMORTISATION
At 1 May 2023 160,000 18,517 178,517
Amortisation for year - 1,416 1,416
At 30 April 2024 160,000 19,933 179,933
NET BOOK VALUE
At 30 April 2024 - 1,417 1,417
At 30 April 2023 - 2,833 2,833

RoadCraft Safety Products Limited (Registered number: 03193415)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Leasehold Plant and and Motor
improvements machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 8,920 356,990 23,640 16,623 406,173
Additions - 9,158 - 36,575 45,733
Disposals - - - (16,623 ) (16,623 )
At 30 April 2024 8,920 366,148 23,640 36,575 435,283
DEPRECIATION
At 1 May 2023 8,920 248,774 13,199 15,688 286,581
Charge for year - 20,801 1,869 9,144 31,814
Eliminated on disposal - - - (15,688 ) (15,688 )
At 30 April 2024 8,920 269,575 15,068 9,144 302,707
NET BOOK VALUE
At 30 April 2024 - 96,573 8,572 27,431 132,576
At 30 April 2023 - 108,216 10,441 935 119,592

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 207,000
NET BOOK VALUE
At 30 April 2024 207,000
At 30 April 2023 207,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2021 12,711
Valuation in 2023 19,000
Cost 175,289
207,000

RoadCraft Safety Products Limited (Registered number: 03193415)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 687,206 703,832
Other debtors 13,234 24,091
700,440 727,923

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 306,535 367,133
Taxation and social security 124,234 154,428
Other creditors 5,165 33,043
435,934 554,604

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr W Holbrook.