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REGISTERED NUMBER: 02520415 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Rothwell And Thomas Limited

Rothwell And Thomas Limited (Registered number: 02520415)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rothwell And Thomas Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M J Rothwell
S Duddridge
T J Shaughnessy





REGISTERED OFFICE: 7 Knowsley St
Cheetham
Manchester
M8 8QN





REGISTERED NUMBER: 02520415 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Rothwell And Thomas Limited (Registered number: 02520415)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,803 40,189

CURRENT ASSETS
Stocks 5 35,113 27,524
Debtors 6 72,486 43,536
Cash at bank and in hand 245,759 305,600
353,358 376,660
CREDITORS
Amounts falling due within one year 7 226,472 215,257
NET CURRENT ASSETS 126,886 161,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,689

201,592

CREDITORS
Amounts falling due after more than one
year

8

(56,467

)

(34,347

)

PROVISIONS FOR LIABILITIES (9,198 ) (3,514 )
NET ASSETS 130,024 163,731

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 130,022 163,729
SHAREHOLDERS' FUNDS 130,024 163,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Rothwell And Thomas Limited (Registered number: 02520415)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





T J Shaughnessy - Director


Rothwell And Thomas Limited (Registered number: 02520415)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Rothwell And Thomas 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Rothwell And Thomas Limited (Registered number: 02520415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 126,222 33,960 61,594 221,776
Additions - 235 51,500 51,735
Disposals - - (33,804 ) (33,804 )
At 31 March 2024 126,222 34,195 79,290 239,707
DEPRECIATION
At 1 April 2023 99,006 32,312 50,269 181,587
Charge for year 5,020 492 15,072 20,584
Eliminated on disposal - - (31,267 ) (31,267 )
At 31 March 2024 104,026 32,804 34,074 170,904
NET BOOK VALUE
At 31 March 2024 22,196 1,391 45,216 68,803
At 31 March 2023 27,216 1,648 11,325 40,189

Rothwell And Thomas Limited (Registered number: 02520415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 61,594
Additions 51,500
Disposals (33,804 )
At 31 March 2024 79,290
DEPRECIATION
At 1 April 2023 50,269
Charge for year 15,072
Eliminated on disposal (31,267 )
At 31 March 2024 34,074
NET BOOK VALUE
At 31 March 2024 45,216
At 31 March 2023 11,325

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 22,234 22,592
Work-in-progress 12,879 4,932
35,113 27,524

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 39,902 43,536
Other debtors 32,584 -
72,486 43,536

Rothwell And Thomas Limited (Registered number: 02520415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 5,368 5,743
Hire purchase contracts and finance leases 7,230 -
Trade creditors 137,923 123,851
Amounts owed to group undertakings 21,478 21,478
Taxation and social security 41,497 59,385
Other creditors 12,976 4,800
226,472 215,257

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 29,354 34,347
Hire purchase contracts and finance leases 27,113 -
56,467 34,347

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 34,347

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 5,368 5,743

Amounts falling due between two and five years:
Bank loans - 2-5 years 29,354 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 34,347

Rothwell And Thomas Limited (Registered number: 02520415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2