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Registration number: 12941211

Rotho Blaas UK Ltd

Filleted Financial Statements

for the Year Ended 31 December 2023

 

Rotho Blaas UK Ltd

Contents

Statement of Financial Position

1

Notes to the Financial Statements

2 to 5

 

Rotho Blaas UK Ltd

(Registration number: 12941211)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

59,531

35,742

Current assets

 

Stocks

5

184

380

Debtors

6

514,224

552,124

Cash at bank and in hand

 

211,473

224,326

 

725,881

776,830

Creditors: Amounts falling due within one year

7

(176,911)

(364,795)

Net current assets

 

548,970

412,035

Total assets less current liabilities

 

608,501

447,777

Provisions for liabilities

(342)

(1,410)

Net assets

 

608,159

446,367

Capital and reserves

 

Called up share capital

25,000

25,000

Retained earnings

583,159

421,367

Shareholders' funds

 

608,159

446,367

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 13 November 2024 and signed on its behalf by:
 

.........................................
Mr S Muscoloni
Director

   
     
 

Rotho Blaas UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the Board on 13 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 21 November 2024 was Suzanne Lomax FCA, who signed for and on behalf of Beever and Struthers.

.........................................

Judgements

The judgements (apart from those involving estimations) that management has made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statments are required to be discussed. There are no key judgements.

- Determination of recoverability of trade debtors. A specific provision is made against certain debts where in the opinion of the directors the debt is not fully receoverable.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

 

Rotho Blaas UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Hardware and computers

33% straight line

Phones

50% straight line

Motor vehicles

25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Rotho Blaas UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 8).

4

Tangible assets

Equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

9,639

35,441

45,080

Additions

2,753

35,971

38,724

Disposals

(1,106)

-

(1,106)

At 31 December 2023

11,286

71,412

82,698

Depreciation

At 1 January 2023

5,290

4,048

9,338

Charge for the year

3,547

10,884

14,431

Eliminated on disposal

(602)

-

(602)

At 31 December 2023

8,235

14,932

23,167

Carrying amount

At 31 December 2023

3,051

56,480

59,531

At 31 December 2022

4,349

31,393

35,742

5

Stocks

2023
£

2022
£

Other inventories

184

380

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

235,129

550,679

Amounts owed by related parties

274,763

-

Prepayments

 

4,257

1,445

Other debtors

 

75

-

   

514,224

552,124

 

Rotho Blaas UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

6,983

4,242

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

221,498

Taxation and social security

 

120,191

101,841

Accruals and deferred income

 

49,737

37,214

 

176,911

364,795

8

Parent and ultimate parent undertaking

The company's immediate parent is Rotho Blaas SRL, incorporated in Italy.

  These financial statements are available upon request from Cortaccia Sulla, Strada Del Vino (BZ), Via Dell'adige 2/1, Italy, CAP 39040.