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
Rotational Engineering Limited
Company Information
for the year ended 31 March 2024
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
Rotational Engineering Limited
Statement of financial position
as at 31 March 2024
Tangible assets
166,390
181,665
Cash at bank and in hand
62,358
86,936
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
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
Rotational Engineering Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
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
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
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
Amounts falling due within one year
Trade debtors
106,030
71,623
Accrued income and prepayments
4,417
2,525
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).