Registered number
13385040
Ring A Roses Limited
Filleted Accounts
31 May 2024
Ring A Roses Limited
Registered number: 13385040
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,830 8,950
Current assets
Stocks 2,380 4,013
Debtors 4 14,677 20,035
Cash at bank and in hand 36,727 41,211
53,784 65,259
Creditors: amounts falling due within one year 5 (44,402) (56,832)
Net current assets 9,382 8,427
Total assets less current liabilities 15,212 17,377
Creditors: amounts falling due after more than one year 6 - (5,725)
Net assets 15,212 11,652
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,211 11,651
Shareholder's funds 15,212 11,652
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 her 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.
Susan Barry
Director
Approved by the board on 3 September 2024
Ring A Roses Limited
Notes to the Accounts
for the year ended 31 May 2024
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Motor vehicles over 4 years
Office equipment over 4 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.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 June 2023 14,570 3,434 18,004
Additions 2,033 - 2,033
At 1 June 2023 & 31 May 2024 16,603 3,434 20,037
Depreciation
At 1 June 2023 7,336 1,718 9,054
Charge for the year 4,295 858 5,153
At 31 May 2024 11,631 2,576 14,207
Net book value
At 31 May 2024 4,972 858 5,830
At 31 May 2023 7,234 1,716 8,950
4 Debtors 2024 2023
£ £
Trade debtors 9,496 14,327
Other debtors 5,181 5,708
14,677 20,035
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,236 2,000
Trade creditors 14,373 12,965
Other creditors - 2,226
Taxation and social security costs 9,702 10,221
Directors loan account 15,091 29,420
44,402 56,832
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 5,725
7 Other information
Ring A Roses Limited is a private company limited by shares and incorporated in England. Its registered office is 15 France Hill Drive, Camberley, Surrey, GU15 3QA
Ring A Roses Limited 13385040 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 Susan Barry No description of principal activity 13385040 2022-06-01 2023-05-31 13385040 core:WithinOneYear 2023-05-31 13385040 core:AfterOneYear 2023-05-31 13385040 core:ShareCapital 2023-05-31 13385040 core:RetainedEarningsAccumulatedLosses 2023-05-31 13385040 2023-06-01 2024-05-31 13385040 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13385040 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13385040 bus:Director40 2023-06-01 2024-05-31 13385040 1 2023-06-01 2024-05-31 13385040 2 2023-06-01 2024-05-31 13385040 core:PlantMachinery 2023-06-01 2024-05-31 13385040 core:Vehicles 2023-06-01 2024-05-31 13385040 countries:England 2023-06-01 2024-05-31 13385040 bus:FRS102 2023-06-01 2024-05-31 13385040 bus:FilletedAccounts 2023-06-01 2024-05-31 13385040 2024-05-31 13385040 core:WithinOneYear 2024-05-31 13385040 core:AfterOneYear 2024-05-31 13385040 core:ShareCapital 2024-05-31 13385040 core:RetainedEarningsAccumulatedLosses 2024-05-31 13385040 core:PlantMachinery 2024-05-31 13385040 core:Vehicles 2024-05-31 13385040 2023-05-31 13385040 core:PlantMachinery 2023-05-31 13385040 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure