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REGISTERED NUMBER: 01289984 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

RODELLS LIMITED

RODELLS LIMITED (REGISTERED NUMBER: 01289984)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


RODELLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T F Rodell
M A Rodell
Mrs S Rodell
A J Rodell
A Noble





SECRETARY: Mrs S Rodell





REGISTERED OFFICE: Broad Colney Works
Shenley Lane
London Colney
St Albans
Hertfordshire
AL2 1DG





REGISTERED NUMBER: 01289984 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RODELLS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rodells Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Rodells Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rodells Limited and state those matters that we have agreed to state to the Board of Directors of Rodells Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rodells Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rodells Limited. You consider that Rodells Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rodells Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


24 October 2024

RODELLS LIMITED (REGISTERED NUMBER: 01289984)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,971,611 2,106,298

CURRENT ASSETS
Stocks 5 23,000 10,000
Debtors 6 1,183,167 1,483,897
Cash at bank 108,212 196,272
1,314,379 1,690,169
CREDITORS
Amounts falling due within one year 7 800,743 1,017,324
NET CURRENT ASSETS 513,636 672,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,485,247

2,779,143

CREDITORS
Amounts falling due after more than one
year

8

(112,870

)

(214,955

)

PROVISIONS FOR LIABILITIES 9 (102,977 ) (244,960 )
NET ASSETS 2,269,400 2,319,228

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,269,300 2,319,128
2,269,400 2,319,228

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.

RODELLS LIMITED (REGISTERED NUMBER: 01289984)

STATEMENT OF FINANCIAL POSITION - 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 23 October 2024 and were signed on its behalf by:




T F Rodell - Director



Mrs S Rodell - Director


RODELLS LIMITED (REGISTERED NUMBER: 01289984)

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

1. STATUTORY INFORMATION

Rodells Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 7.5% on cost
Plant and machinery - 20% on cost
Scaffold stock - 5% on cost
Motor vehicles - 20% on cost
IT equipment - 25% on cost

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 statement of financial position date.


RODELLS LIMITED (REGISTERED NUMBER: 01289984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets held under finance leases are recognised in the Statement of Financial Position as assets and liabilities at the lower of fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 56 ) .

RODELLS LIMITED (REGISTERED NUMBER: 01289984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Scaffold
property machinery stock
£    £    £   
COST
At 1 April 2023 473,862 77,683 2,080,250
Additions - - 10,300
Disposals - - -
At 31 March 2024 473,862 77,683 2,090,550
DEPRECIATION
At 1 April 2023 61,108 62,478 575,977
Charge for year 11,815 7,942 104,528
Eliminated on disposal - - -
At 31 March 2024 72,923 70,420 680,505
NET BOOK VALUE
At 31 March 2024 400,939 7,263 1,410,045
At 31 March 2023 412,754 15,205 1,504,273

Motor IT
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 680,681 73,576 3,386,052
Additions 56,550 3,747 70,597
Disposals (20,814 ) (6,703 ) (27,517 )
At 31 March 2024 716,417 70,620 3,429,132
DEPRECIATION
At 1 April 2023 510,795 69,396 1,279,754
Charge for year 75,401 2,340 202,026
Eliminated on disposal (17,692 ) (6,567 ) (24,259 )
At 31 March 2024 568,504 65,169 1,457,521
NET BOOK VALUE
At 31 March 2024 147,913 5,451 1,971,611
At 31 March 2023 169,886 4,180 2,106,298

RODELLS LIMITED (REGISTERED NUMBER: 01289984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Under the transitional exemptions to FRS, the scaffold stock owned at 1 April 2015 is held at deemed cost which was its fair value at that date. As the revaluation occurred under the transitional exemptions, there is no revaluation reserve. If the assets were measured using the cost model, the carrying amounts would be as follows:

31 March 2024 £935,268

31 March 2023 £984,493

5. STOCKS
2024 2023
£    £   
Stocks 23,000 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 392,178 772,858
Other debtors 7,312 3,503
s455 tax recoverable 119,528 99,758
Staff loans 100 948
Directors' loan accounts 361,656 305,572
Accrued income 193,901 269,960
Prepayments 108,492 31,298
1,183,167 1,483,897

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 136,274 244,544
Trade creditors 136,816 198,844
Corporation tax 23,532 20,081
Social security and other taxes 89,271 101,584
VAT 307,993 314,036
Other creditors 1,463 1,463
Wages and salaries control 47,069 81,734
Pension control 4,793 3,799
Accruals and deferred income 53,532 51,239
800,743 1,017,324

RODELLS LIMITED (REGISTERED NUMBER: 01289984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 112,870 214,955

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 102,977 244,960

Deferred
tax
£   
Balance at 1 April 2023 244,960
Credit to Income Statement during year (141,983 )
Balance at 31 March 2024 102,977

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
T F Rodell
Balance outstanding at start of year 303,305 254,953
Amounts advanced 15,260 51,301
Amounts repaid - (2,949 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 318,565 303,305

A J Rodell
Balance outstanding at start of year - -
Amounts advanced 18,979 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,979 -

RODELLS LIMITED (REGISTERED NUMBER: 01289984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

M A Rodell
Balance outstanding at start of year - -
Amounts advanced 20,170 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,170 -

A Noble
Balance outstanding at start of year - -
Amounts advanced 3,942 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,942 -

The loans are repayable on demand and interest on beneficial loans was charged at the HMRC authorised rate

11. ULTIMATE CONTROLLING PARTY

The controlling party is T F Rodell.