Company Registration No. 12902869 (England and Wales)
Robo Enterprises Limited
Annual report and unaudited financial statements
For the year ended 30 September 2023
Pages for filing with registrar
ROBO ENTERPRISES LIMITED
Robo Enterprises Limited
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
ROBO ENTERPRISES LIMITED
Robo Enterprises Limited
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
4,577
106,136
Cash at bank and in hand
8,608
11,184
13,185
117,320
Creditors: amounts falling due within one year
6
(26,898)
(34,073)
Net current (liabilities)/assets
(13,713)
83,247
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(13,813)
83,147
Total equity
(13,713)
83,247
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 19 December 2024
Mr R Hallett
Director
Company registration number 12902869 (England and Wales)
ROBO ENTERPRISES LIMITED
Robo Enterprises Limited
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 October 2021
100
18,943
19,043
Year ended 30 September 2022:
Profit and total comprehensive income for the year
-
64,204
64,204
Balance at 30 September 2022
100
83,147
83,247
Year ended 30 September 2023:
Loss and total comprehensive income for the year
-
(21,260)
(21,260)
Dividends
5
-
(75,700)
(75,700)
Balance at 30 September 2023
100
(13,813)
(13,713)
ROBO ENTERPRISES LIMITED
Robo Enterprises Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information
Robo Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
ROBO ENTERPRISES LIMITED
Robo Enterprises Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
4,577
Other debtors
106,136
4,577
106,136
5
Dividends
2023
2022
£
£
Amounts recognised as distributions to equity holders:
Interim dividend paid
75,700
-
At the time the dividends were paid, the Directors considered there to be sufficient distributable reserves.
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
42
Trade creditors
8,489
Corporation tax
20,686
Other taxation and social security
1,766
Other creditors
18,367
11,621
26,898
34,073