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Company Registration No. 03689579 (England and Wales)
Rotational Engineering Limited Unaudited accounts for the year ended 31 March 2024
Rotational Engineering Limited Unaudited accounts Contents
Page
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Rotational Engineering Limited Company Information for the year ended 31 March 2024
Director
Neil Davidson
Secretary
Mrs P Davidson
Company Number
03689579 (England and Wales)
Registered Office
Cedar Grove Wallsend Tyne & Wear NE28 6PR
Accountants
JBC Management Solutions Ltd 5 Dene Park Ponteland Newcastle upon Tyne Northumberland NE20 9AH
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Rotational Engineering Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
166,390 
181,665 
Current assets
Inventories
44,001 
47,121 
Debtors
110,447 
74,148 
Cash at bank and in hand
62,358 
86,936 
216,806 
208,205 
Creditors: amounts falling due within one year
(168,658)
(219,189)
Net current assets/(liabilities)
48,148 
(10,984)
Total assets less current liabilities
214,538 
170,681 
Creditors: amounts falling due after more than one year
(110,135)
(51,789)
Net assets
104,403 
118,892 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
104,401 
118,890 
Shareholders' funds
104,403 
118,892 
For the year ending 31 March 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
Neil Davidson Director Company Registration No. 03689579
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Rotational Engineering Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Rotational Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 03689579. The registered office is Cedar Grove, Wallsend, Tyne & Wear, NE28 6PR.
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:
Land & buildings
10 percent of cost, reducing balance
Plant & machinery
10 percent of cost, reducing balance
Fixtures & fittings
10 percent of cost, reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated using the first-in, first-out method, and includes all purchase and transport costs. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Rotational Engineering Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
54,227 
351,653 
98,524 
29,994 
2,304 
536,702 
Additions
- 
10,518 
4,271 
10,572 
1,765 
27,126 
At 31 March 2024
54,227 
362,171 
102,795 
40,566 
4,069 
563,828 
Depreciation
At 1 April 2023
54,227 
264,167 
13,365 
21,349 
1,929 
355,037 
Charge for the year
- 
11,688 
25,699 
4,057 
957 
42,401 
At 31 March 2024
54,227 
275,855 
39,064 
25,406 
2,886 
397,438 
Net book value
At 31 March 2024
- 
86,316 
63,731 
15,160 
1,183 
166,390 
At 31 March 2023
- 
87,486 
85,159 
8,645 
375 
181,665 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
106,030 
71,623 
Accrued income and prepayments
4,417 
2,525 
110,447 
74,148 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
74,931 
114,550 
Taxes and social security
43,821 
21,159 
Other creditors
16,884 
83,480 
Accruals
33,022 
- 
168,658 
219,189 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
110,135 
51,789 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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