Company Registration No. 10594775 (England and Wales)
Roost Services Ltd
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
Roost Services Ltd
Unaudited accounts
Contents
Roost Services Ltd
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
10594775 (England and Wales)
Registered Office
38 Charnwood Crescent
Chandler's Ford
Eastleigh
Hampshire
SO53 5QT
United Kingdom
Accountants
TBT Accountancy Ltd
Kingfisher House
Rownhams Lane
North Baddesley
Southampton
Hampshire
SO52 9LP
Roost Services Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
46,190
47,512
Cash at bank and in hand
89,540
47,964
Creditors: amounts falling due within one year
(108,720)
(98,195)
Net current assets
29,216
3,189
Total assets less current liabilities
75,406
50,701
Provisions for liabilities
Deferred tax
(8,873)
(9,027)
Called up share capital
1,000
1,000
Profit and loss account
65,533
40,674
Shareholders' funds
66,533
41,674
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2024 and were signed on its behalf by
T J Englefield
Director
Company Registration No. 10594775
Roost Services Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Roost Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10594775. The registered office is 38 Charnwood Crescent, Chandler's Ford, Eastleigh, Hampshire, SO53 5QT, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
25% on reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payment is treated as a liability.
Roost Services Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Government grants in relation to the hire of a new apprentice were received during the year and are credited to the profit and loss account when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
2,302
83,937
8,458
94,697
Additions
7,349
-
2,440
9,789
At 28 February 2024
9,651
83,937
10,898
104,486
At 1 March 2023
1,036
41,605
4,544
47,185
Charge for the period
2,154
6,831
2,126
11,111
At 28 February 2024
3,190
48,436
6,670
58,296
At 28 February 2024
6,461
35,501
4,228
46,190
At 28 February 2023
1,266
42,332
3,914
47,512
Amounts falling due within one year
Trade debtors
22,740
14,976
Accrued income and prepayments
5,116
13,413
Other debtors
14,540
19,031
Roost Services Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
1,667
Trade creditors
21,338
26,126
Taxes and social security
26,283
12,835
Other creditors
39,906
32,183
Loans from directors
-
13,300
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Average number of employees
During the period the average number of employees was 10 (2023: 8).