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Company Registration No. 07167802 (England and Wales)
Rosemount Flooring (UK) Limited Unaudited accounts for the year ended 31 December 2023
Rosemount Flooring (UK) Limited Unaudited accounts Contents
Page
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Rosemount Flooring (UK) Limited Company Information for the year ended 31 December 2023
Director
S G Alp
Secretary
V W Alp
Company Number
07167802 (England and Wales)
Registered Office
ABVK. M25 Business Centre Ability House, 121 Brooker Rd Waltham Abbey Essex EN91JH
Accountants
ABVK Limited M25 Business Centre, Ability House 121 Brooker Road Waltham Abbey Essex EN9 1JH
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Rosemount Flooring (UK) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,974 
66,729 
Current assets
Debtors
352,370 
362,616 
Cash at bank and in hand
180,167 
111,404 
532,537 
474,020 
Creditors: amounts falling due within one year
(292,230)
(313,398)
Net current assets
240,307 
160,622 
Total assets less current liabilities
293,281 
227,351 
Creditors: amounts falling due after more than one year
(30,270)
(43,461)
Provisions for liabilities
Deferred tax
(10,472)
(10,946)
Net assets
252,539 
172,944 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
252,529 
172,934 
Shareholders' funds
252,539 
172,944 
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 director acknowledges his 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 and authorised for issue on 30 August 2024 and were signed on its behalf by
S G Alp Director Company Registration No. 07167802
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Rosemount Flooring (UK) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Rosemount Flooring (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 07167802. The registered office is ABVK. M25 Business Centre, Ability House, 121 Brooker Rd, Waltham Abbey, Essex, EN91JH.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the period of the Lease
Plant & machinery
10% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
10% straight line
Computer equipment
10% staright line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Rosemount Flooring (UK) Limited Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
1,000 
At 31 December 2023
1,000 
Amortisation
At 1 January 2023
1,000 
At 31 December 2023
1,000 
Net book value
At 31 December 2023
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
18,235 
11,000 
41,154 
31,898 
24,460 
126,747 
At 31 December 2023
18,235 
11,000 
41,154 
31,898 
24,460 
126,747 
Depreciation
At 1 January 2023
9,116 
5,500 
18,381 
13,010 
14,011 
60,018 
Charge for the year
1,824 
1,100 
5,693 
3,190 
1,948 
13,755 
At 31 December 2023
10,940 
6,600 
24,074 
16,200 
15,959 
73,773 
Net book value
At 31 December 2023
7,295 
4,400 
17,080 
15,698 
8,501 
52,974 
At 31 December 2022
9,119 
5,500 
22,773 
18,888 
10,449 
66,729 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
- 
5,500 
- Motor vehicles
21,274 
22,773 
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Rosemount Flooring (UK) Limited Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
238,821 
242,278 
Accrued income and prepayments
32,525 
17,992 
Other debtors
81,024 
102,346 
352,370 
362,616 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
69,912 
VAT
38,438 
1,237 
Obligations under finance leases and hire purchase contracts
8,504 
11,034 
Trade creditors
146,003 
102,216 
Taxes and social security
88,365 
127,340 
Other creditors
920 
1,659 
292,230 
313,398 
Finance leases are secured against specific assets
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,500 
27,500 
Obligations under finance leases and hire purchase contracts
12,770 
15,961 
30,270 
43,461 
9
Pension commitments
The company operates a defined contribution pension scheme on behalf of its directors and certain employees. The assets of the scheme and those of the company are held separately. The scheme is administered in an independent fund. The commitment for the period under this scheme is for contributions of 2021 - £11,808 (2020 - £10,552).
10
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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