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Company Registration No. 10551902 (England and Wales)
R.O Surfaces Limited Unaudited accounts for the year ended 31 January 2024
R.O Surfaces Limited Company Information for the year ended 31 January 2024
Director
David Dixon
Company Number
10551902 (England and Wales)
Registered Office
1 Oakwood Place Blakelaw Newcastle Upon Tyne Tyne and Wear NE5 3SQ
Accountants
Accounting Inc. Ltd Hoults Yard Walker Rd Newcastle upon Tyne Tyne and Wear NE6 2HL
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R.O Surfaces Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
130,586 
140,159 
Current assets
Inventories
2,000 
2,000 
Debtors
34,613 
- 
Cash at bank and in hand
56,776 
90,602 
93,389 
92,602 
Creditors: amounts falling due within one year
(110,207)
(79,061)
Net current (liabilities)/assets
(16,818)
13,541 
Total assets less current liabilities
113,768 
153,700 
Creditors: amounts falling due after more than one year
(73,336)
(113,945)
Provisions for liabilities
Deferred tax
(24,735)
(26,630)
Net assets
15,697 
13,125 
Capital and reserves
Called up share capital
15 
15 
Profit and loss account
15,682 
13,110 
Shareholders' funds
15,697 
13,125 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2024 and were signed on its behalf by
David Dixon Director Company Registration No. 10551902
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R.O Surfaces Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
R.O Surfaces Limited is a private company, limited by shares, registered in England and Wales, registration number 10551902. The registered office is 1 Oakwood Place, Blakelaw, Newcastle Upon Tyne, Tyne and Wear, NE5 3SQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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R.O Surfaces Limited Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The financial statements have been pepared on a going concern basis on the understanding that the director and company shareholder will continue to financially support the company through uncertain periods.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
234,505 
19,100 
779 
1,928 
256,312 
Additions
34,850 
5,000 
- 
- 
39,850 
At 31 January 2024
269,355 
24,100 
779 
1,928 
296,162 
Depreciation
At 1 February 2023
105,785 
9,705 
268 
395 
116,153 
Charge for the year
47,787 
3,078 
51 
307 
51,223 
On disposals
(1,800)
- 
- 
- 
(1,800)
At 31 January 2024
151,772 
12,783 
319 
702 
165,576 
Net book value
At 31 January 2024
117,583 
11,317 
460 
1,226 
130,586 
At 31 January 2023
128,720 
9,395 
511 
1,533 
140,159 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
14,760 
- 
Other debtors
19,853 
- 
34,613 
- 
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R.O Surfaces Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
5,000 
VAT
2,803 
11,232 
Obligations under finance leases and hire purchase contracts
41,016 
32,214 
Trade creditors
54,713 
28,036 
Taxes and social security
1,452 
1,457 
Other creditors
- 
80 
Loans from directors
- 
1,042 
Accruals
223 
- 
110,207 
79,061 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
28,333 
Obligations under finance leases and hire purchase contracts
60,003 
85,612 
73,336 
113,945 
8
Average number of employees
During the year the average number of employees was 11 (2023: 11).
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