Registered number
10820005
Roets Limited
Filleted Accounts
30 June 2024
Roets Limited
Registered number: 10820005
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,442 1,914
Current assets
Debtors 4 - 1,790
Cash at bank and in hand 34,407 7,496
34,407 9,286
Creditors: amounts falling due within one year 5 (18,883) (10,796)
Net current assets/(liabilities) 15,524 (1,510)
Total assets less current liabilities 17,966 404
Provisions for liabilities (611) (364)
Net assets 17,355 40
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,255 (60)
Shareholders' funds 17,355 40
The director is 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 director acknowledges his 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.
Dr R Roets
Director
Approved by the board on 22 October 2024
Roets Limited
Notes to the Accounts
for the year ended 30 June 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 (as applied to small entities by section 1A of the standard).
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:
Fixtures, fittings, tools and equipment 10% on reducing balance
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.
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 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 2,930
Additions 799
At 30 June 2024 3,729
Depreciation
At 1 July 2023 1,016
Charge for the year 271
At 30 June 2024 1,287
Net book value
At 30 June 2024 2,442
At 30 June 2023 1,914
4 Debtors 2024 2023
£ £
Other debtors - 1,790
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 33 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 703 -
Taxation and social security costs 18,147 10,796
18,883 10,796
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr R Roets
Director's loan - 1,316 1,316 -
Dr M Roets
Director's loan - 329 329 -
- 1,645 1,645 -
The above loan was unsecured and repayable on demand.
Interest was paid at the official rate.
7 Other information
Roets Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Broughton Road
Otford
Sevenoaks
United Kingdom
TN14 5LY
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