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Company registration number: 01483337







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


ROSET (UK) LIMITED






































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ROSET (UK) LIMITED
 


 
COMPANY INFORMATION


Directors
O L J Roset 
A Hirst 




Registered number
01483337



Registered office
Morley House Badminton Court
Church Street

Amersham

Buckinghamshire

HP7 0DD




Independent auditors
Menzies LLP
Chartered Accountants & Senior Statutory Auditor

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


ROSET (UK) LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 7

 


ROSET (UK) LIMITED
REGISTERED NUMBER:01483337



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
6,755
4,644

  
6,755
4,644

Current assets
  

Stocks
  
262,804
231,489

Debtors: amounts falling due within one year
 5 
807,066
907,068

Cash at bank and in hand
  
162,125
237,917

  
1,231,995
1,376,474

Creditors: amounts falling due within one year
 6 
(1,235,559)
(1,426,036)

Net current liabilities
  
 
 
(3,564)
 
 
(49,562)

Total assets less current liabilities
  
3,191
(44,918)

  

  

  

Net assets/(liabilities)
  
3,191
(44,918)


Capital and reserves
  

Allotted, called up and fully paid share capital
  
10,000
10,000

Profit and loss account
  
(6,809)
(54,918)

  
3,191
(44,918)


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: 




................................................
O L J Roset
................................................
A Hirst
Director
Director


Date: 19 November 2024
Date:19 November 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 


ROSET (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Roset (UK) Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company's principal place of business is the same as the registered office.

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

Going concern

The company has the full support of its overseas parent who is committed to future growth. For this reason, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP rounded to the nearest pound..

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 2

 


ROSET (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 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.

Page 3

 


ROSET (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Straight line over the life of the lease.
Office equipment
-
20 - 33%

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.

 
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 weighted average basis.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 7).

Page 4

 


ROSET (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
119,609
36,208
155,817


Additions
3,714
664
4,378



At 30 September 2024

123,323
36,872
160,195



Depreciation


At 1 October 2023
118,529
32,644
151,173


Charge for the year
610
1,657
2,267



At 30 September 2024

119,139
34,301
153,440



Net book value



At 30 September 2024
4,184
2,571
6,755



At 30 September 2023
1,080
3,564
4,644

Page 5

 


ROSET (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
706,657
876,812

Amounts owed by group undertakings
1,238
-

Other debtors
-
766

Prepayments and accrued income
46,277
29,490

Deferred taxation
52,894
-

807,066
907,068



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
88,753
477,022

Trade creditors
36,368
48,779

Amounts owed to group undertakings
944,256
600,446

Other taxation and social security
146,590
263,506

Accruals
19,592
36,283

1,235,559
1,426,036



7.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
36,000
36,000

Later than 1 year and not later than 5 years
21,000
57,000

57,000
93,000


8.


Controlling party

The Company's immediate parent undertaking and controlling party is Roset (Suisse) S.A, a Company incorporated in Switzerland. The ultimate parent undertaking is Roset S.A.S, a company incorporated in France. It has included the Company in its group accounts, copies of which are available from its registered office: B.P N.9, 01470 Briord, France. 
The ultimate controlling party is the Roset family. 

Page 6

 


ROSET (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 19 November 2024 by Roberto Lobue FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 7