Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueNo description of principal activityfalse2023-03-10false10trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14721843 2023-03-09 14721843 2023-03-10 2024-03-31 14721843 2022-04-01 2023-03-09 14721843 2024-03-31 14721843 c:Director1 2023-03-10 2024-03-31 14721843 d:PlantMachinery 2023-03-10 2024-03-31 14721843 d:PlantMachinery 2024-03-31 14721843 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-10 2024-03-31 14721843 d:CurrentFinancialInstruments 2024-03-31 14721843 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14721843 d:ShareCapital 2024-03-31 14721843 d:RetainedEarningsAccumulatedLosses 2024-03-31 14721843 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 14721843 c:FRS102 2023-03-10 2024-03-31 14721843 c:AuditExempt-NoAccountantsReport 2023-03-10 2024-03-31 14721843 c:FullAccounts 2023-03-10 2024-03-31 14721843 c:PrivateLimitedCompanyLtd 2023-03-10 2024-03-31 14721843 e:PoundSterling 2023-03-10 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 14721843









ROUNDTREE WAY CONTAINERS LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD 10 MARCH 2023 TO 31 MARCH 2024

 
ROUNDTREE WAY CONTAINERS LTD
REGISTERED NUMBER: 14721843

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
19,200

Current assets
  

Debtors: amounts falling due within one year
 5 
2,441

Cash at bank and in hand
  
19,044

  
21,485

Creditors: amounts falling due within one year
 6 
(5,899)

Net current assets
  
 
 
15,586

Total assets less current liabilities
  
34,786

Provisions for liabilities
  

Deferred tax
  
(4,800)

Net assets
  
29,986


Capital and reserves
  

Called up share capital 
  
30

Profit and loss account
  
29,956

  
29,986


Page 1

 
ROUNDTREE WAY CONTAINERS LTD
REGISTERED NUMBER: 14721843

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 September 2024.




................................................
M G Terry
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ROUNDTREE WAY CONTAINERS LTD
 

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

1.


General information

Roundtree Way Containers Ltd is a private company, limited by shares, domiciled in England and Wales, with a company registration registration number 14721843. The registered office is Sapphire House, Sapphire Business Park, Norwich, Norfolk, NR7 8SQ. 
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they adopt a going concern basis of accounting in preparing the financial statements. The director has considered a period of 12 months from the balance sheet date.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
ROUNDTREE WAY CONTAINERS LTD
 

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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ROUNDTREE WAY CONTAINERS LTD
 

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

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.


3.


Employees




The average monthly number of employees, including directors, during the period was 1.

Page 5

 
ROUNDTREE WAY CONTAINERS LTD
 

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

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
24,000



At 31 March 2024

24,000



Depreciation


Charge for the period on owned assets
4,800



At 31 March 2024

4,800



Net book value



At 31 March 2024
19,200

Page 6

 
ROUNDTREE WAY CONTAINERS LTD
 

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

5.


Debtors

2024
£


Trade debtors
2,117

Called up share capital not paid
30

Prepayments and accrued income
294

2,441



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
210

Corporation tax
3,649

Accruals and deferred income
2,040

5,899



7.


Deferred taxation



2024


£






Charged to profit or loss
4,800



At end of year
4,800

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
4,800


Page 7