Registered number
05650611
Rolls Freight Ireland Limited
Filleted Accounts
31 December 2023
Rolls Freight Ireland Limited
Registered number: 05650611
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 27,000 36,000
Cash at bank and in hand 557 500
27,557 36,500
Creditors: amounts falling due within one year 4 (238) (8,830)
Net current assets 27,319 27,670
Net assets 27,319 27,670
Capital and reserves
Called up share capital 500 500
Profit and loss account 26,819 27,170
Shareholders' funds 27,319 27,670
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.
D Coley-Fisher
Director
Approved by the board on 23 August 2024
Rolls Freight Ireland Limited
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.
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 2 2
3 Debtors 2023 2022
£ £
Other debtors 27,000 36,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - (6,156)
Other creditors 238 14,986
238 8,830
5 Other information
Rolls Freight Ireland Limited is a private company limited by shares and incorporated in England. Its registered office is:
Henry House
Enterprise Drive
Four Ashes
Wolverhampton
WV10 7DF
Rolls Freight Ireland Limited 05650611 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 D Coley-Fisher No description of principal activity 05650611 2022-01-01 2022-12-31 05650611 core:WithinOneYear 2022-12-31 05650611 core:ShareCapital 2022-12-31 05650611 core:RetainedEarningsAccumulatedLosses 2022-12-31 05650611 2023-01-01 2023-12-31 05650611 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05650611 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05650611 bus:Director40 2023-01-01 2023-12-31 05650611 1 2023-01-01 2023-12-31 05650611 2 2023-01-01 2023-12-31 05650611 countries:England 2023-01-01 2023-12-31 05650611 bus:FRS102 2023-01-01 2023-12-31 05650611 bus:FilletedAccounts 2023-01-01 2023-12-31 05650611 2023-12-31 05650611 core:WithinOneYear 2023-12-31 05650611 core:ShareCapital 2023-12-31 05650611 core:RetainedEarningsAccumulatedLosses 2023-12-31 05650611 2022-12-31 iso4217:GBP xbrli:pure