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REGISTERED NUMBER: 11025199 (England and Wales)







REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROLLTEK HOLDINGS LIMITED

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Report of the Director 2

Report of the Independent Auditors 3

Consolidated Income Statement 6

Consolidated Other Comprehensive Income 7

Consolidated Balance Sheet 8

Company Balance Sheet 9

Consolidated Statement of Changes in Equity 10

Company Statement of Changes in Equity 11

Consolidated Cash Flow Statement 12

Notes to the Consolidated Cash Flow Statement 13

Notes to the Consolidated Financial Statements 15


ROLLTEK HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D M Rolland





REGISTERED OFFICE: Unit 7 The IO Centre
Valley Drive
Rugby
Warwickshire
CV21 1TW





REGISTERED NUMBER: 11025199 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024


The director presents his report with the financial statements of the company and the group for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of

DIVIDENDS
The total distribution of dividends for the year ended 31 March 2024 will be £40,000 (2023: £34,848).

DIRECTORS
The directors who have held office during the period from 1 April 2023 to the date of this report are as follows:

C Fordham - resigned 28 March 2024
R Fordham - resigned 28 March 2024
M J D Fordham - resigned 2 February 2024
D M Rolland - appointed 28 March 2024

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:





D M Rolland - Director


19 September 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROLLTEK HOLDINGS LIMITED


Opinion
We have audited the financial statements of Rolltek Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Director has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROLLTEK HOLDINGS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROLLTEK HOLDINGS LIMITED


To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
se to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC and other relevant parties.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jeremy Kitson BA FCA (Senior Statutory Auditor)
for and on behalf of Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

3 October 2024

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £    £    £   

TURNOVER 5,324,725 4,814,257

Cost of sales 3,904,384 3,794,583
GROSS PROFIT 1,420,341 1,019,674

Distribution costs 6,390 6,240
Administrative expenses 1,249,563 1,044,575
1,255,953 1,050,815
OPERATING PROFIT/(LOSS) 4 164,388 (31,141 )

Interest receivable and similar income 5,689 108
170,077 (31,033 )

Interest payable and similar expenses 6 14,000 11,600
PROFIT/(LOSS) BEFORE TAXATION 156,077 (42,633 )

Tax on profit/(loss) 7 126,684 57,177
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

29,393

(99,810

)
Profit/(loss) attributable to:
Owners of the parent 29,393 (99,810 )

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 29,393 (99,810 )


OTHER COMPREHENSIVE INCOME
Share options exercised (105 ) -
Income tax relating to other
comprehensive income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

(105

)

-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

29,288

(99,810

)

Total comprehensive income attributable to:
Owners of the parent 29,288 (99,810 )

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

CONSOLIDATED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 1,278,678 1,627,408
Tangible assets 11 85,812 137,171
Investments 12 - -
1,364,490 1,764,579

CURRENT ASSETS
Stocks 13 398,099 637,286
Debtors 14 1,170,228 784,609
Cash at bank 37,201 100,823
1,605,528 1,522,718
CREDITORS
Amounts falling due within one year 15 1,288,986 1,633,961
NET CURRENT ASSETS/(LIABILITIES) 316,542 (111,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,681,032

1,653,336

CREDITORS
Amounts falling due after more than one
year

16

-

(30,446

)

PROVISIONS FOR LIABILITIES 19 (21,037 ) (34,066 )
NET ASSETS 1,659,995 1,588,824

CAPITAL AND RESERVES
Called up share capital 20 1,015,188 1,015,056
Other reserves 21 105 105
Retained earnings 21 644,702 573,663
SHAREHOLDERS' FUNDS 1,659,995 1,588,824

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





D M Rolland - Director


ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

COMPANY BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 - -
Investments 12 1,750,000 3,901,105
1,750,000 3,901,105

CURRENT ASSETS
Cash at bank 2,915 8,949

CREDITORS
Amounts falling due within one year 15 2,370 911,318
NET CURRENT ASSETS/(LIABILITIES) 545 (902,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,750,545

2,998,736

CAPITAL AND RESERVES
Called up share capital 20 1,015,188 1,015,056
Other reserves 21 - 105
Retained earnings 21 735,357 1,983,575
SHAREHOLDERS' FUNDS 1,750,545 2,998,736

Company's (loss)/profit for the financial
year

(1,289,864

)

237,460

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





D M Rolland - Director


ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 April 2022 1,015,056 708,321 105 1,723,482

Changes in equity
Dividends - (34,848 ) - (34,848 )
Total comprehensive income - (99,810 ) - (99,810 )
Balance at 31 March 2023 1,015,056 573,663 105 1,588,824

Changes in equity
Issue of share capital 132 - - 132
Dividends - (40,000 ) - (40,000 )
Total comprehensive income - 111,039 - 111,039
Balance at 31 March 2024 1,015,188 644,702 105 1,659,995

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 April 2022 1,015,056 1,780,963 105 2,796,124

Changes in equity
Dividends - (34,848 ) - (34,848 )
Total comprehensive income - 237,460 - 237,460
Balance at 31 March 2023 1,015,056 1,983,575 105 2,998,736

Changes in equity
Issue of share capital 132 - - 132
Dividends - (40,000 ) - (40,000 )
Total comprehensive income - (1,208,218 ) (105 ) (1,208,323 )
Balance at 31 March 2024 1,015,188 735,357 - 1,750,545

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 505,438 46,827
Interest paid (5,286 ) (5,102 )
Interest element of hire purchase
payments paid

(2,503

)

(1,982

)
Finance costs paid (6,211 ) (4,516 )
Tax paid (101,858 ) (88,687 )
Net cash from operating activities 389,580 (53,460 )

Cash flows from investing activities
Purchase of tangible fixed assets (1,663 ) (3,117 )
Sale of tangible fixed assets 20,098 -
Interest received 5,688 108
Net cash from investing activities 24,123 (3,009 )

Cash flows from financing activities
Loan repayments in year - (63,619 )
Capital repayments in year (35,615 ) (9,215 )
Amount withdrawn by directors (466,934 ) (246,737 )
Share issue 132 -
Equity dividends paid (40,000 ) (34,848 )
Net cash from financing activities (542,417 ) (354,419 )

Decrease in cash and cash equivalents (128,714 ) (410,888 )
Cash and cash equivalents at
beginning of year

2

100,823

511,711

Cash and cash equivalents at end of
year

2

(27,891

)

100,823

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024


1. RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit/(loss) before taxation 156,077 (42,633 )
Depreciation charges 372,607 379,071
Loss on disposal of fixed assets 9,048 -
Exceptional costs relating to EMI option 81,646 -
Finance costs 14,000 11,600
Finance income (5,689 ) (108 )
627,689 347,930
Decrease in stocks 239,187 158,697
Increase in trade and other debtors (385,619 ) (42,177 )
Increase/(decrease) in trade and other creditors 24,181 (417,623 )
Cash generated from operations 505,438 46,827

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 37,201 100,823
Bank overdrafts (65,092 ) -
(27,891 ) 100,823
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 100,823 511,711


ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank 100,823 (63,622 ) 37,201
Bank overdrafts - (65,092 ) (65,092 )
100,823 (128,714 ) (27,891 )
Debt
Finance leases (35,615 ) 35,615 -
(35,615 ) 35,615 -
Total 65,208 (93,099 ) (27,891 )

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Rolltek Holdings 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on reducing balance

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

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


ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 361,456 295,647
Social security costs 35,056 26,099
Other pension costs 21,665 29,780
418,177 351,526

The average number of employees during the year was as follows:
2024 2023

Staff 9 10

2024 2023
£    £   
Directors' remuneration 51,500 170,872
Directors' pension contributions to money purchase schemes - 24,025

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 6,390 6,240
Other operating leases 82,416 77,335
Depreciation - owned assets 16,054 18,963
Depreciation - assets on hire purchase contracts 7,822 11,379
Loss on disposal of fixed assets 9,048 -
Goodwill amortisation 348,730 348,730
Auditors' remuneration 12,377 10,860

5. EXCEPTIONAL ITEMS

Included within exceptional costs for Rolltek Holdings is an £81,645.78 deduction as a result of an EMI Share Option being exercised in the 2024 financial period.

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 5,286 4,714
Bank loan interest - 388
Hire purchase 2,503 1,982
Interest payable to HMRC 6,211 4,516
14,000 11,600

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 139,713 63,933

Deferred tax (13,029 ) (6,756 )
Tax on profit/(loss) 126,684 57,177

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit/(loss) before tax 156,077 (42,633 )
Profit/(loss) multiplied by the standard rate of corporation tax in the
UK of 25 % (2023 - 19 %)

39,019

(8,100

)

Effects of:
Expenses not deductible for tax purposes 835 818
Depreciation in excess of capital allowances 86,830 64,459

Total tax charge 126,684 57,177

Tax effects relating to effects of other comprehensive income

2024
Gross Tax Net
£    £    £   
Share options exercised (105 ) - (105 )

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
£    £   
Ordinary A shares of £1 each
Interim - 4,000
Ordinary C shares of £1 each
Interim 40,000 30,848
40,000 34,848

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 3,487,303
AMORTISATION
At 1 April 2023 1,859,895
Amortisation for year 348,730
At 31 March 2024 2,208,625
NET BOOK VALUE
At 31 March 2024 1,278,678
At 31 March 2023 1,627,408

11. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 271,879 7,470 57,490 12,170 349,009
Additions - - - 1,663 1,663
Disposals (2,092 ) (2,085 ) (57,490 ) (7,831 ) (69,498 )
At 31 March 2024 269,787 5,385 - 6,002 281,174
DEPRECIATION
At 1 April 2023 173,727 3,892 23,356 10,863 211,838
Charge for year 14,661 794 7,822 599 23,876
Eliminated on disposal (632 ) (779 ) (31,178 ) (7,763 ) (40,352 )
At 31 March 2024 187,756 3,907 - 3,699 195,362
NET BOOK VALUE
At 31 March 2024 82,031 1,478 - 2,303 85,812
At 31 March 2023 98,152 3,578 34,134 1,307 137,171

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 57,490
Disposals (57,490 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 23,356
Charge for year 7,822
Eliminated on disposal (31,178 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 34,134

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 April 2023 3,901,105
Disposals (105 )
Impairments (2,151,000 )
At 31 March 2024 1,750,000
NET BOOK VALUE
At 31 March 2024 1,750,000
At 31 March 2023 3,901,105


13. STOCKS

Group
2024 2023
£    £   
Stocks 398,099 637,286

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
2024 2023
£    £   
Trade debtors 1,164,083 716,605
Other debtors - 1,609
Prepayments and accrued income 6,145 66,395
1,170,228 784,609

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 17) 65,092 - - -
Hire purchase contracts (see note 18) - 8,498 - -
Trade creditors 670,338 552,359 - -
Amounts owed to group undertakings - - - 411,166
Tax 209,310 168,126 - -
Social security and other taxes 32,087 8,345 - -
VAT 107,158 57,010 - -
Other creditors 2,523 32,695 - 30,848
Directors' current accounts - 466,934 - 466,934
Accrued expenses 202,478 339,994 2,370 2,370
1,288,986 1,633,961 2,370 911,318

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£    £   
Hire purchase contracts (see note 18) - 27,117
Tax - 3,329
- 30,446

17. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 65,092 -

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 8,498
Between one and five years - 27,117
- 35,615

19. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 21,037 34,066

Group
Deferred
tax
£   
Balance at 1 April 2023 34,066
Provided during year (13,029 )
Balance at 31 March 2024 21,037

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully
paid:

Number: Class: Nominal 2024 2023
value: £ £
260 A Ordinary Shares £1.00 260 260
690 B Ordinary Shares £1.00 690 690
238 (2023: 106) C Ordinary Shares £1.00 238 106
1,014,000 Preference Shares £1.00 1,014,000 1,014,000
1,015,188 1,015,056

The company has four classes of shares, A, B and C Ordinary shares and Preference Shares. A, B and C Ordinary shares have equal voting rights and rights to the surplus of assets on liquidation or wind up after paying par to the holders of the Preference Shares. Preference Shares have no entitlement to vote or receive dividends and are entitled to the payment of par in a liquidation or winding up ahead of any payment to other shareholders. All share classes are non redeemable.

ROLLTEK HOLDINGS LIMITED (REGISTERED NUMBER: 11025199)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


21. RESERVES

Group
Retained Other
earnings reserves Totals
£    £    £   

At 1 April 2023 573,663 105 573,768
Profit for the year 29,393 29,393
Dividends (40,000 ) (40,000 )
Release of options exercised 81,646 - 81,646
At 31 March 2024 644,702 105 644,807

Company
Retained Other
earnings reserves Totals
£    £    £   

At 1 April 2023 1,983,575 105 1,983,680
Deficit for the year (1,289,864 ) (1,289,864 )
Dividends (40,000 ) (40,000 )
Release of options exercised 81,646 (105 ) 81,541
At 31 March 2024 735,357 - 735,357