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REGISTERED NUMBER: 04789553 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROBINSON & SPROSON LTD

ROBINSON & SPROSON LTD (REGISTERED NUMBER: 04789553)

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


ROBINSON & SPROSON LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: I T Robinson
N J Sproson
Mrs C A M Prindezis
Mrs E Robinson





REGISTERED OFFICE: 143-145 Worcester Road
Hagley
Stourbridge
West Midlands
DY9 0NW





REGISTERED NUMBER: 04789553 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

ROBINSON & SPROSON LTD (REGISTERED NUMBER: 04789553)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,751 21,782
24,751 21,782

CURRENT ASSETS
Stocks 54,986 52,138
Debtors 6 20,432 7,130
Cash at bank and in hand 85,679 79,123
161,097 138,391
CREDITORS
Amounts falling due within one year 7 74,228 60,870
NET CURRENT ASSETS 86,869 77,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,620

99,303

CREDITORS
Amounts falling due after more than one
year

8

(19,368

)

(26,860

)

PROVISIONS FOR LIABILITIES (2,915 ) (1,756 )
NET ASSETS 89,337 70,687

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 89,235 70,585
SHAREHOLDERS' FUNDS 89,337 70,687

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.

ROBINSON & SPROSON LTD (REGISTERED NUMBER: 04789553)

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:





N J Sproson - Director


ROBINSON & SPROSON LTD (REGISTERED NUMBER: 04789553)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Robinson & Sproson Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

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.

ROBINSON & SPROSON LTD (REGISTERED NUMBER: 04789553)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 45,000
AMORTISATION
At 1 April 2023
and 31 March 2024 45,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 129,195
Additions 11,218
At 31 March 2024 140,413
DEPRECIATION
At 1 April 2023 107,413
Charge for year 8,249
At 31 March 2024 115,662
NET BOOK VALUE
At 31 March 2024 24,751
At 31 March 2023 21,782

ROBINSON & SPROSON LTD (REGISTERED NUMBER: 04789553)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 16,428 4,283
Other debtors 3,340 2,847
19,768 7,130

Amounts falling due after more than one year:
Other debtors 664 -

Aggregate amounts 20,432 7,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,049 10,072
Hire purchase contracts 9,587 6,847
Trade creditors 16,652 20,704
Taxation and social security 32,582 20,330
Other creditors 4,358 2,917
74,228 60,870

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,445 21,595
Hire purchase contracts 7,923 5,265
19,368 26,860

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I T Robinson & Mr N J Sproson.