Registered number
09515422
Roll Cameras Ltd
Unaudited Filleted Accounts
31 March 2024
Roll Cameras Ltd
Registered number: 09515422
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 76,302 60,658
Current assets
Debtors 4 10,102 8,690
Cash at bank and in hand 69,949 95,004
80,051 103,694
Creditors: amounts falling due within one year 5 (11,402) (18,753)
Net current assets 68,649 84,941
Total assets less current liabilities 144,951 145,599
Creditors: amounts falling due after more than one year 6 (8,533) (9,291)
Net assets 136,418 136,308
Capital and reserves
Called up share capital 200 200
Profit and loss account 136,218 136,108
Shareholders' funds 136,418 136,308
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.
Mr J Palmer
Director
Approved by the board on 16 October 2024
Roll Cameras Ltd
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 (as applied to small entities by section 1A of the standard).
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 over its expected useful life, as follows:
Equipment 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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. No provision for deferred tax has been made since the directors are of the opinion that no liability will crystallise in the foreseeable future.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 125,426 13,990 139,416
Additions 17,968 26,990 44,958
Disposals (1,960) (13,990) (15,950)
At 31 March 2024 141,434 26,990 168,424
Depreciation
At 1 April 2023 67,178 11,580 78,758
Charge for the year 18,686 6,748 25,434
On disposals (490) (11,580) (12,070)
At 31 March 2024 85,374 6,748 92,122
Net book value
At 31 March 2024 56,060 20,242 76,302
At 31 March 2023 58,248 2,410 60,658
4 Debtors 2024 2023
£ £
Trade debtors 10,102 8,690
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,192 1,192
Obligations under finance lease and hire purchase contracts - 2,267
Taxation and social security costs 7,541 12,851
Other creditors 2,669 2,443
11,402 18,753
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,533 9,291
7 Other information
Roll Cameras Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Whopshott Avenue
Woking
GU21 4UE
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