Rothwell Robinson Limited
Registered number: 02096865
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 35,308 44,061
Current assets
Stocks 1,500 1,500
Debtors 4 26,706 8,619
Cash at bank and in hand 259,013 247,251
287,219 257,370
Creditors: amounts falling due within one year 5 (77,348) (73,085)
Net current assets 209,871 184,285
Total assets less current liabilities 245,179 228,346
Creditors: amounts falling due after more than one year 6 - (9,740)
Provisions for liabilities (6,709) (8,372)
Net assets 238,470 210,234
Capital and reserves
Called up share capital 3,193 3,193
Share premium 10,440 10,440
Revaluation reserve 7 580 580
Profit and loss account 224,257 196,021
Shareholders' funds 238,470 210,234
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Robinson
Director
Approved by the board on 10 June 2024
Rothwell Robinson Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 54,761 87,846 142,607
Additions 2,560 - 2,560
At 31 March 2024 57,321 87,846 145,167
Depreciation
At 1 April 2023 50,472 48,074 98,546
Charge for the year 1,370 9,943 11,313
At 31 March 2024 51,842 58,017 109,859
Net book value
At 31 March 2024 5,479 29,829 35,308
At 31 March 2023 4,289 39,772 44,061
4 Debtors 2024 2023
£ £
Trade debtors 19,722 3,182
Other debtors 6,984 5,437
26,706 8,619
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 7,457
Trade creditors 9,176 12,781
Corporation tax 39,441 28,563
Other taxes and social security costs 17,758 13,060
Other creditors 10,973 11,224
77,348 73,085
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 9,740
7 Capital Redemption Reserve 2024 2023
£ £
At 1 April 2023 580 580
At 31 March 2024 580 580
8 Related party transactions 2024 2023
The director is a related party to the company £ £
At 31st March, the company owed the related party the
following interest-free, unsecured amounts:
Amounts due to the related party 2,929 3,857
9 Controlling party
Rothwell Robinson Holdings Limited is the ultimate controlling party by virtue of its 100% ownership of the issued share capital of the company
10 Other information
Rothwell Robinson Limited is a private company limited by shares and incorporated in England. Its registered office is:
Shackleton House
Holyoake Road
Worsley
Manchester
M28 3DL
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