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Company Registration No. 01452248 (England and Wales)
Rose Chemicals Limited Unaudited accounts for the year ended 31 December 2023
Rose Chemicals Limited Unaudited accounts Contents
Page
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Rose Chemicals Limited Company Information for the year ended 31 December 2023
Directors
Mr M. Rosenfeld Mrs R. Rosenfeld
Company Number
01452248 (England and Wales)
Registered Office
83 Darenth Road London N16 6EB
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Rose Chemicals Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rose Chemicals Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Rose Chemicals Limited, as a body, in accordance with the terms of our engagement letter dated 26 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of Rose Chemicals Limited and state those matters that we have agreed to state to the Board of Directors of Rose Chemicals Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rose Chemicals Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rose Chemicals Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rose Chemicals Limited. You consider that Rose Chemicals Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rose Chemicals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross EN8 7AN 16 September 2024
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Rose Chemicals Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
522 
565 
Debtors
40,656 
8,290 
Cash at bank and in hand
1,271,550 
1,087,694 
1,312,728 
1,096,549 
Creditors: amounts falling due within one year
(253,350)
(176,814)
Net current assets
1,059,378 
919,735 
Net assets
1,059,378 
919,735 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,059,376 
919,733 
Shareholders' funds
1,059,378 
919,735 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2023 and were signed on its behalf by
Mr M. Rosenfeld Director Company Registration No. 01452248
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Rose Chemicals Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Rose Chemicals Limited is a private company, limited by shares, registered in England and Wales, registration number 01452248. The registered office is 83 Darenth Road, London, N16 6EB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,480 
2,933 
Accrued income and prepayments
29,176 
5,357 
40,656 
8,290 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,317 
8,073 
Taxes and social security
41,945 
37,131 
Other creditors
1,920 
- 
Loans from directors
202,388 
130,830 
Accruals
780 
780 
253,350 
176,814 
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Rose Chemicals Limited Notes to the Accounts for the year ended 31 December 2023
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Transactions with related parties
The company was under the control of Mr M. Rosenfeld and Mrs R. Rosenfeld throughout the current year. Mr M. Rosenfeld and Mrs R. Rosenfeld are each personally interested in 50% of the company's issued share capital. Mr M. Rosenfeld and Mrs R. Rosenfeld received a dividend from the company during the year of £2,400 (2021: £NIL).
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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