Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31truetrue2023-06-01falseNo description of principal activity109The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01616993 2023-06-01 2024-05-31 01616993 2022-06-01 2023-05-31 01616993 2024-05-31 01616993 2023-05-31 01616993 c:Director1 2023-06-01 2024-05-31 01616993 c:Director2 2023-06-01 2024-05-31 01616993 d:Buildings 2023-06-01 2024-05-31 01616993 d:Buildings 2024-05-31 01616993 d:Buildings 2023-05-31 01616993 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01616993 d:PlantMachinery 2023-06-01 2024-05-31 01616993 d:PlantMachinery 2024-05-31 01616993 d:PlantMachinery 2023-05-31 01616993 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01616993 d:MotorVehicles 2023-06-01 2024-05-31 01616993 d:MotorVehicles 2024-05-31 01616993 d:MotorVehicles 2023-05-31 01616993 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01616993 d:ComputerEquipment 2023-06-01 2024-05-31 01616993 d:ComputerEquipment 2024-05-31 01616993 d:ComputerEquipment 2023-05-31 01616993 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01616993 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01616993 d:ComputerSoftware 2024-05-31 01616993 d:ComputerSoftware 2023-05-31 01616993 d:CurrentFinancialInstruments 2024-05-31 01616993 d:CurrentFinancialInstruments 2023-05-31 01616993 d:Non-currentFinancialInstruments 2024-05-31 01616993 d:Non-currentFinancialInstruments 2023-05-31 01616993 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 01616993 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01616993 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 01616993 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 01616993 d:ShareCapital 2024-05-31 01616993 d:ShareCapital 2023-05-31 01616993 d:RetainedEarningsAccumulatedLosses 2024-05-31 01616993 d:RetainedEarningsAccumulatedLosses 2023-05-31 01616993 c:FRS102 2023-06-01 2024-05-31 01616993 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 01616993 c:FullAccounts 2023-06-01 2024-05-31 01616993 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01616993 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 01616993 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 01616993 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 01616993 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 01616993 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 01616993







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


ROCKWELL HITEC LIMITED






































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ROCKWELL HITEC LIMITED
REGISTERED NUMBER:01616993



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
146,145
117,113

  
146,145
117,113

Current assets
  

Stocks
  
1,000
1,000

Debtors: amounts falling due within one year
 6 
87,469
58,442

Cash at bank and in hand
  
218,497
224,532

  
306,966
283,974

Creditors: amounts falling due within one year
 7 
(183,145)
(170,659)

Net current assets
  
 
 
123,821
 
 
113,315

Total assets less current liabilities
  
269,966
230,428

Creditors: amounts falling due after more than one year
 8 
(54,965)
(38,018)

Provisions for liabilities
  

Deferred tax
  
(23,775)
(11,968)

  
 
 
(23,775)
 
 
(11,968)

Net assets
  
191,226
180,442


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
191,126
180,342

  
191,226
180,442


Page 1

 


ROCKWELL HITEC LIMITED
REGISTERED NUMBER:01616993


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
M J Wood
___________________________
D J Remmers
Director
Director


Date: 23 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


ROCKWELL HITEC LIMITED
 


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

1.


General information

Rockwell Hitec 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. 
The presentation currency of the financial statements is the Pound Sterling (£).  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


ROCKWELL HITEC LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Improvements to property
-
5%
on cost
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
on cost
Computer equipment
-
25%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


ROCKWELL HITEC LIMITED
 


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

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 9).


4.


Intangible assets




Other intangibles

£



Cost


At 1 June 2023
400,000



At 31 May 2024

400,000



Amortisation


At 1 June 2023
400,000



At 31 May 2024

400,000



Net book value



At 31 May 2024
-



At 31 May 2023
-



Page 5

 


ROCKWELL HITEC LIMITED
 


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

5.


Tangible fixed assets





Improv.to property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
13,314
20,207
159,771
3,198
196,490


Additions
-
4,375
92,620
-
96,995


Disposals
-
-
(55,080)
-
(55,080)



At 31 May 2024

13,314
24,582
197,311
3,198
238,405



Depreciation


At 1 June 2023
312
13,220
62,958
2,887
79,377


Charge for the year on owned assets
666
2,840
36,535
207
40,248


Disposals
-
-
(27,365)
-
(27,365)



At 31 May 2024

978
16,060
72,128
3,094
92,260



Net book value



At 31 May 2024
12,336
8,522
125,183
104
146,145



At 31 May 2023
13,002
6,987
96,813
311
117,113


6.


Debtors

2024
2023
£
£


Trade debtors
87,469
58,442

87,469
58,442


Page 6

 


ROCKWELL HITEC LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
27,378
54,175

Corporation tax
78,418
57,796

Other taxation and social security
31,921
30,816

Obligations under finance lease and hire purchase contracts
12,250
2,181

Other creditors
20,828
13,341

Accruals and deferred income
2,350
2,350

183,145
170,659



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,332
21,667

Obligations under finance lease and hire purchase contracts
42,633
16,351

54,965
38,018



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
12,250
2,181

Between 1-5 years
42,633
16,351

54,883
18,532


10.


Related party transactions

At the balance sheet date the company owed £8,526 (2023: £8,526) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.


11.


Controlling party

The immediate parent company and ultimate controlling party is Rockwell Hitec Holdings Limited. The company's registered office is Unit 9 Langley Terrace, Latimer Road, Luton, Bedfordshire, LU1 3XQ.

 
Page 7