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REGISTERED NUMBER: 04874302 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Round & Son Limited

Round & Son Limited (Registered number: 04874302)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Round & Son Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: Mr A K Round
Mr N J Round





SECRETARY: Mr N J Round





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 04874302 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Round & Son Limited (Registered number: 04874302)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 59,662 65,212
Tangible assets 5 2,508 2,950
62,170 68,162

CURRENT ASSETS
Stocks 1,550 1,400
Debtors 6 2,523 1,550
Cash at bank and in hand 8,844 18,457
12,917 21,407
CREDITORS
Amounts falling due within one year 7 20,476 11,046
NET CURRENT (LIABILITIES)/ASSETS (7,559 ) 10,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,611

78,523

CREDITORS
Amounts falling due after more than one
year

8

(45,000

)

(53,000

)

PROVISIONS FOR LIABILITIES (477 ) (561 )
NET ASSETS 9,134 24,962

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8,134 23,962
SHAREHOLDERS' FUNDS 9,134 24,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Round & Son Limited (Registered number: 04874302)

Balance Sheet - continued
31st March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th November 2024 and were signed on its behalf by:





Mr A K Round - Director


Round & Son Limited (Registered number: 04874302)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Round & Son 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the total amount receivable by the company for its from sales of goods excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Round & Son Limited (Registered number: 04874302)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 111,000
AMORTISATION
At 1st April 2023 45,788
Charge for year 5,550
At 31st March 2024 51,338
NET BOOK VALUE
At 31st March 2024 59,662
At 31st March 2023 65,212

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 9,115
DEPRECIATION
At 1st April 2023 6,165
Charge for year 442
At 31st March 2024 6,607
NET BOOK VALUE
At 31st March 2024 2,508
At 31st March 2023 2,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,523 1,550

Round & Son Limited (Registered number: 04874302)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,231 4,516
Other creditors 11,245 6,530
20,476 11,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 45,000 53,000

9. ULTIMATE CONTROLLING PARTY

The company's ultimate controller is Mr A K Round.