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REGISTERED NUMBER: 04376295 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Rollmaster Rings Limited

Rollmaster Rings Limited (Registered number: 04376295)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rollmaster Rings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R P Bilton
A M Bilton
J P Halley





SECRETARY: R P Bilton





REGISTERED OFFICE: C/o Rollmaster Rings Ltd
Bessemer Road
Sheffield
South Yorkshire
S9 3XN





REGISTERED NUMBER: 04376295 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Rollmaster Rings Limited (Registered number: 04376295)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 35,546 42,086
35,546 42,086

CURRENT ASSETS
Stocks 6 4,000 4,000
Debtors 7 306,295 255,841
Cash at bank - 70,618
310,295 330,459
CREDITORS
Amounts falling due within one year 8 322,896 320,888
NET CURRENT (LIABILITIES)/ASSETS (12,601 ) 9,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,945

51,657

CREDITORS
Amounts falling due after more than one
year

9

(11,667

)

(27,692

)

PROVISIONS FOR LIABILITIES 11 (8,887 ) (7,961 )
NET ASSETS 2,391 16,004

CAPITAL AND RESERVES
Called up share capital 12 60 60
Retained earnings 13 2,331 15,944
SHAREHOLDERS' FUNDS 2,391 16,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Rollmaster Rings Limited (Registered number: 04376295)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




A M Bilton - Director R P Bilton - Director




J P Halley - Director


Rollmaster Rings Limited (Registered number: 04376295)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Rollmaster Rings 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.

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

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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

Rollmaster Rings Limited (Registered number: 04376295)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 300,000
AMORTISATION
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 50,749 291,141 40,320
Additions - - -
At 31 March 2024 50,749 291,141 40,320
DEPRECIATION
At 1 April 2023 50,749 256,956 37,836
Charge for year - 5,128 621
At 31 March 2024 50,749 262,084 38,457
NET BOOK VALUE
At 31 March 2024 - 29,057 1,863
At 31 March 2023 - 34,185 2,484

Rollmaster Rings Limited (Registered number: 04376295)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 26,779 2,687 411,676
Additions - 1,475 1,475
At 31 March 2024 26,779 4,162 413,151
DEPRECIATION
At 1 April 2023 23,205 844 369,590
Charge for year 893 1,373 8,015
At 31 March 2024 24,098 2,217 377,605
NET BOOK VALUE
At 31 March 2024 2,681 1,945 35,546
At 31 March 2023 3,574 1,843 42,086

6. STOCKS
2024 2023
£    £   
Stocks 4,000 4,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 229,682 242,605
Directors' current accounts 71,824 233
VAT - 8,214
Prepayments 4,789 4,789
306,295 255,841

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 35,458 10,000
Hire purchase contracts 124,152 145,830
Trade creditors 90,451 102,917
Tax 59,136 51,451
Social security and other taxes 6,711 4,816
VAT 236 -
Other creditors 1,052 274
Accrued expenses 5,700 5,600
322,896 320,888

Rollmaster Rings Limited (Registered number: 04376295)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 11,667 21,667
Hire purchase contracts - 6,025
11,667 27,692

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 25,458 -
Bank loans 10,000 10,000
35,458 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,667 21,667

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,887 7,961

Deferred
tax
£   
Balance at 1 April 2023 7,961
Provided during year 926
Balance at 31 March 2024 8,887

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary 1 60 60

Rollmaster Rings Limited (Registered number: 04376295)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. RESERVES
Retained
earnings
£   

At 1 April 2023 15,944
Profit for the year 167,387
Dividends (181,000 )
At 31 March 2024 2,331