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REGISTERED NUMBER: 04410519 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROLLTEK INTERNATIONAL LIMITED

ROLLTEK INTERNATIONAL LIMITED (REGISTERED NUMBER: 04410519)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROLLTEK INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D M Rolland





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





REGISTERED NUMBER: 04410519 (England and Wales)





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

ROLLTEK INTERNATIONAL LIMITED (REGISTERED NUMBER: 04410519)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,812 137,171

CURRENT ASSETS
Stocks 398,099 637,286
Debtors 5 1,170,228 1,195,775
Cash at bank 34,286 91,874
1,602,613 1,924,935
CREDITORS
Amounts falling due within one year 6 1,286,616 1,133,809
NET CURRENT ASSETS 315,997 791,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,809

928,297

CREDITORS
Amounts falling due after more than one
year

7

-

(30,446

)

PROVISIONS FOR LIABILITIES 10 (21,037 ) (34,066 )
NET ASSETS 380,772 863,785

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Capital redemption reserve 40,000 40,000
Other reserves 105 105
Retained earnings 300,667 783,680
380,772 863,785

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 Income Statement has not been delivered.

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 INTERNATIONAL LIMITED (REGISTERED NUMBER: 04410519)

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


1. STATUTORY INFORMATION

Rolltek International 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.

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 the provisions of Section 1A "Small Entities" of 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sale of goods, excluding value added tax and commissions received.

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 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 INTERNATIONAL LIMITED (REGISTERED NUMBER: 04410519)

NOTES TO THE 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 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.

Share-based payments
The company issues equity-settled share options to certain employees within the group. Equity-settled share-based payment transactions are measured at fair value. Changes in fair value, consisting of share options issued in the year are treated as consideration for employment services and recognised as an expense in the year. On the exercise of the options, their value is transferred to profit and loss.

Fair value is measured by use of a earnings valuation model which is considered by management to be the most appropriate method of valuation.

The total value of options in issue but not exercised are contained within other reserves. Where options have been granted but not vested, the Director has estimated how many they believe will ultimately vest and they have adopted this estimation in their value calculation

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

ROLLTEK INTERNATIONAL LIMITED (REGISTERED NUMBER: 04410519)

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


4. TANGIBLE FIXED ASSETS
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

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

ROLLTEK INTERNATIONAL LIMITED (REGISTERED NUMBER: 04410519)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,164,083 716,605
Amounts owed by group undertakings - 411,166
Other debtors - 1,609
Prepayments and accrued income 6,145 66,395
1,170,228 1,195,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 65,092 -
Hire purchase contracts (see note 8) - 8,498
Trade creditors 670,338 552,359
Taxation and social security 348,555 233,481
Other creditors 202,631 339,471
1,286,616 1,133,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 27,117
Taxation and social security - 3,329
- 30,446

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

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

ROLLTEK INTERNATIONAL LIMITED (REGISTERED NUMBER: 04410519)

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


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 106,760 77,437
Between one and five years 404,507 -
511,267 77,437

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 65,092 -
Hire purchase contracts - 35,615
65,092 35,615

Hire purchase contracts were secured against the asset to which they relate.

Barclays Bank PLC holds fixed and floating charges against the assets of the company.

Barclays Bank PLC holds a debenture over the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 21,037 34,066

Deferred
tax
£   
Balance at 1 April 2023 34,066
Credit to Income Statement during year (13,029 )
Balance at 31 March 2024 21,037

All of the deferred tax provision relates to accelerated capital allowances at the year end.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Kitson BA FCA (Senior Statutory Auditor)
for and on behalf of Prime

ROLLTEK INTERNATIONAL LIMITED (REGISTERED NUMBER: 04410519)

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


12. OTHER FINANCIAL COMMITMENTS

At 31 March 2024, the company had entered into a contract to purchase foreign currency at future dates. The amount committed to was dependent on future exchange rates. The maximum potential commitment as at 31 March 2024 was $270,000 (2023: $270,000).

13. ULTIMATE CONTROLLING PARTY

Rolltek Holdings Limited is the ultimate parent by virtue of its 100% shareholding in the company.

The registered office address of Rolltek Holdings Limited is Unit 7, The Io Centre, Valley Drive, Rugby, England, CV2 1TW.