Registered number
08203595
Roadtechs Holdings Limited
Unaudited Filleted Accounts
31 March 2024
Roadtechs Holdings Limited
Registered number: 08203595
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,562 6,303
Investments 4 1,002 1,002
8,564 7,305
Current assets
Debtors 6 254,356 243,867
Cash at bank and in hand 229,467 95,151
483,823 339,018
Creditors: amounts falling due within one year 7 (421,328) (293,159)
Net current assets 62,495 45,859
Total assets less current liabilities 71,059 53,164
Creditors: amounts falling due after more than one year 8 (16,130) (27,081)
Provisions for liabilities (1,257) (803)
Net assets 53,672 25,280
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 52,672 24,280
Shareholders' funds 53,672 25,280
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.
J S Lilley
Director
Approved by the board on 14 November 2024
Roadtechs Holdings 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 % straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 7
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2023 13,357
Additions 3,691
At 31 March 2024 17,048
Depreciation
At 1 April 2023 7,054
Charge for the year 2,432
At 31 March 2024 9,486
Net book value
At 31 March 2024 7,562
At 31 March 2023 6,303
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 1,002
At 31 March 2024 1,002
5 Subsidiary undertakings
The following were wholly owned subsidiaries throughout the period Equity
2024 2023
£ £
Roadtechs Europe Limited 2,387,613 2,307,312
Roadtechs Specialist Products Limited 1,037,058 994,643
Roadtechs Support Services Limited (27,946) (221,667)
Roadtechs Infrastructure Services Limited (2,110) (2,110)
3,394,615 3,078,178
6 Debtors 2024 2023
£ £
Amounts owed by group undertakings 121,798 72,173
Other debtors 132,558 171,694
254,356 243,867
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,500 9,400
Trade creditors 139,214 81,431
Amounts owed to group undertakings 234,952 170,113
Taxation and social security costs - 2,647
Other creditors 36,662 29,568
421,328 293,159
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,130 27,081
9 Pension commitments
The company operates a defined contribution pension scheme the assets of which are held separately from those of the company.
10 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 42,250 61,750
11 Contingent liabilities
The company and other group companies provide a cross guarantee over the liabilities due to HSBC under a group arrangement. At 31 March 2024 the total liability was £26,630.
12 Related party transactions
The company trades with fellow group companies. All transactions are completed at normal commercial rates.
13 Controlling party
The company is controlled by J S Lilley by virtue of his majority shareholding.
14 Other information
Roadtechs Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Barondale Lane
Topcroft
Bungay
NR35 2BE
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