Registered number
07434598
ROFEX (UK) LIMITED
Filleted Accounts
30 November 2023
ROFEX (UK) LIMITED
Registered number: 07434598
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 27,615 34,519
Current assets
Stocks 191,923 2,536
Debtors 4 90,447 89,917
Cash at bank and in hand 75,087 409,138
357,457 501,591
Creditors: amounts falling due within one year 5 (54,128) (165,067)
Net current assets 303,329 336,524
Total assets less current liabilities 330,944 371,043
Creditors: amounts falling due after more than one year 6 (218,870) (240,653)
Provisions for liabilities (2,862) (3,650)
Net assets 109,212 126,740
Capital and reserves
Called up share capital 1 1
Profit and loss account 109,211 126,739
Shareholder's funds 109,212 126,740
The directors are 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 directors acknowledge their 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.
Miss E E Morton
Director
Approved by the board on 28 August 2024
ROFEX (UK) LIMITED
Notes to the Accounts
for the period from 6 November 2022 to 30 November 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers which are made on a sale or return basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% per annum reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
The company did not operate a pension scheme during the period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 November 2022 321,731
At 30 November 2023 321,731
Depreciation
At 6 November 2022 287,212
Charge for the period 6,904
At 30 November 2023 294,116
Net book value
At 30 November 2023 27,615
At 5 November 2022 34,519
4 Debtors 2023 2022
£ £
Trade debtors and prepayments 88,449 87,953
Other debtors 1,998 1,964
90,447 89,917
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors and accruals 43,296 154,484
Corporation tax 10,582 10,583
Other taxes and social security costs 250 -
54,128 165,067
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - loans 218,870 240,653
7 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
8 Contingent liabilities
There were no contingent liabilities in existence at the period end.
9 Controlling party
Miss C E Morton was the ultimate controlling party up to 22 August 2023 when she transferred her share to Miss E E Morton who then became the ultimate controlling party.
10 Other information
ROFEX (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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