Company Registration No. 12765559 (England and Wales)
Rolland Consulting Ltd
Unaudited accounts
for the year ended 31 March 2024
Rolland Consulting Ltd
Unaudited accounts
Contents
Rolland Consulting Ltd
Company Information
for the year ended 31 March 2024
Directors
G M Rolland
Graham Rolland
Company Number
12765559 (England and Wales)
Registered Office
Whitmore View, Hammer Lane
Grayshott
Hindhead
Hampshire
GU26 6JB
United Kingdom
Accountants
DKB Accountancy & Taxation
12 Blackbrook Drive
Lodge Moor
Sheffield
South Yorkshire
S10 4LS
Rolland Consulting Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
4,338
5,754
Cash at bank and in hand
20,100
16,447
Creditors: amounts falling due within one year
(24,166)
(21,059)
Net current (liabilities)/assets
(2,600)
21,672
Total assets less current liabilities
1,738
27,426
Provisions for liabilities
Deferred tax
(1,041)
(1,381)
Called up share capital
1
1
Profit and loss account
696
26,044
Shareholders' funds
697
26,045
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 13 October 2024 and were signed on its behalf by
G M Rolland
Director
Company Registration No. 12765559
Rolland Consulting Ltd
Notes to the Accounts
for the year ended 31 March 2024
Rolland Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 12765559. The registered office is Whitmore View, Hammer Lane, Grayshott, Hindhead, Hampshire, GU26 6JB, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% - Reducing Balance
Fixtures & fittings
20% - Reducing Balance
Computer equipment
33% - Reducing Balance
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 manufacturing/completion.
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.
Rolland Consulting Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
207
7,780
3,377
11,364
Disposals
(207)
(2,077)
(1,174)
(3,458)
At 31 March 2024
-
5,703
3,472
9,175
At 1 April 2023
115
3,795
1,700
5,610
Charge for the year
-
584
593
1,177
On disposals
(115)
(1,011)
(824)
(1,950)
At 31 March 2024
-
3,368
1,469
4,837
At 31 March 2024
-
2,335
2,003
4,338
At 31 March 2023
92
3,985
1,677
5,754
Work in progress
1,200
1,500
Amounts falling due within one year
Accrued income and prepayments
170
264
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
10,103
10,256
Other creditors
6,647
6,647
Rolland Consulting Ltd
Notes to the Accounts
for the year ended 31 March 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
1,041
1,381
Provision at start of year
1,381
976
(Credited)/charged to the profit and loss account
(340)
405
Provision at end of year
1,041
1,381
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Current Account
24,520
16,638
41,211
(53)
24,520
16,638
41,211
(53)
During the year, the company made interest-free advances to the director amounting to £16,638 (2023: £33,504). These were repayable on demand, and interest has been paid at official rate of interest. The company received repayments of £41,158 (2023: £8,894). At the year end, the total balance owed to the company, by the director, was £Nil (2022: £24,520), and the balance owed by the company, to the diretor, was £53 (2023: £Nil)
11
Transactions with related parties
At the year-end, a balance of £6,647 (2023: £6,647), included in 'Other Creditors' was due to, a company in which the director holds a participating interest. The balance was the result of ongoing trading activity during the year. The balance is unsecured, interest-free, and repayable on demand.
During the year, dividends of £67,000 (2023: £15,750) were paid to key management personnel.
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).