Registered number
10053235
ROJIN LIMITED
Filleted Accounts
31 March 2024
ROJIN LIMITED
Registered number: 10053235
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,440 11,800
Current assets
Stocks 7,804 8,039
Debtors 4 10,565 10,242
Cash at bank and in hand 55,218 43,481
73,587 61,762
Creditors: amounts falling due within one year 5 (26,024) (16,911)
Net current assets 47,563 44,851
Total assets less current liabilities 57,003 56,651
Creditors: amounts falling due after more than one year 6 (13,279) (18,946)
Net assets 43,724 37,705
Capital and reserves
Called up share capital 1 1
Profit and loss account 43,723 37,704
Shareholders' funds 43,724 37,705
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Kasim Ozcan
Director
Approved by the board on 28 November 2024
ROJIN LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery @20% Reducing Balance
Fixtures, fittings, tools and equipment @20% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 19,377
At 31 March 2024 19,377
Depreciation
At 1 April 2023 7,577
Charge for the year 2,360
At 31 March 2024 9,937
Net book value
At 31 March 2024 9,440
At 31 March 2023 11,800
4 Debtors 2024 2023
£ £
Trade debtors 5,398 4,942
Other debtors 5,167 5,300
10,565 10,242
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,659 4,991
Taxation and social security costs 22,364 11,920
Other creditors 1 -
26,024 16,911
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,279 18,946
7 Controlling party
Mr Kasim Ozcan
8 Other information
ROJIN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
157 Streatham High Road
London
England
SW16 6EG
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