Registered number
09711213
Sub Rosa Global Ltd
Filleted Accounts
31 December 2023
Sub Rosa Global Ltd
Registered number: 09711213
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,827 1,935
Tangible assets 4 1,346 295
3,173 2,230
Current assets
Stocks 38,789 38,789
Debtors 5 123,745 130,655
Cash at bank and in hand 8,221 14,140
170,755 183,584
Creditors: amounts falling due within one year 6 (144,572) (149,479)
Net current assets 26,183 34,105
Total assets less current liabilities 29,356 36,335
Creditors: amounts falling due after more than one year 7 (7,759) (13,899)
Net assets 21,597 22,436
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,596 22,435
Shareholders' funds 21,597 22,436
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 members have 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.
Mr James Scott Ash
Director
Approved by the board on 4 September 2024
Sub Rosa Global Ltd
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 (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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% reducing balance
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 2,151
At 31 December 2023 2,151
Amortisation
At 1 January 2023 216
Provided during the year 108
At 31 December 2023 324
Net book value
At 31 December 2023 1,827
At 31 December 2022 1,935
Intangible assets will be written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 1,500
Additions 1,500
At 31 December 2023 3,000
Depreciation
At 1 January 2023 1,205
Charge for the year 449
At 31 December 2023 1,654
Net book value
At 31 December 2023 1,346
At 31 December 2022 295
5 Debtors 2023 2022
£ £
Trade debtors 122,945 129,855
Other debtors 800 800
123,745 130,655
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,600 6,600
Director's loan 11,252 136
Taxation and social security costs 17,146 33,169
Other creditors 109,574 109,574
144,572 149,479
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,759 13,899
8 Other information
Sub Rosa Global Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Coach Road Cottages
Little Saxham
Bury St Edmunds
Suffolk
IP29 5LE
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