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Company registration number: 07420384
Rosebay Construction Limited
Unaudited filleted financial statements
05 April 2024
Rosebay Construction Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Rosebay Construction Limited
Directors and other information
Directors Mr Alan Rowles
Mr Daniel John Smith (Appointed 25 September 2023)
Mr Terry Brock (Appointed 25 September 2023)
Mr Ross Worrod (Appointed 25 September 2023)
Secretary Mr Ian David Norman
Company number 07420384
Registered office Ashcroft
Debden Green
Saffron Walden
Essex
CB11 3LX
Accountants 4cast
Heritage House
Woodside Lane
Hatfield
AL9 6DE
Rosebay Construction Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Rosebay Construction Limited
Year ended 5 April 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 5 April 2024 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
4cast
Heritage House
Woodside Lane
Hatfield
AL9 6DE
23 December 2024
Rosebay Construction Limited
Statement of financial position
5 April 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 4 375 178
Cash at bank and in hand 3,914 147
_______ _______
4,289 325
Creditors: amounts falling due
within one year 5 ( 4,247) ( 413)
_______ _______
Net current assets/(liabilities) 42 ( 88)
_______ _______
Total assets less current liabilities 42 ( 88)
_______ _______
Net assets/(liabilities) 42 ( 88)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 40 ( 90)
_______ _______
Shareholders funds/(deficit) 42 ( 88)
_______ _______
For the year ending 05 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 December 2024 , and are signed on behalf of the board by:
Mr Alan Rowles
Director
Company registration number: 07420384
Rosebay Construction Limited
Statement of changes in equity
Year ended 5 April 2024
Called up share capital Profit and loss account Total
£ £ £
At 6 April 2022 2 ( 366) ( 364)
Profit for the year 276 276
_______ _______ _______
Total comprehensive income for the year - 276 276
_______ _______ _______
At 5 April 2023 and 6 April 2023 2 ( 90) ( 88)
Profit for the year 130 130
_______ _______ _______
Total comprehensive income for the year - 130 130
_______ _______ _______
At 5 April 2024 2 40 42
_______ _______ _______
Rosebay Construction Limited
Notes to the financial statements
Year ended 5 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ashcroft, Debden Green, Saffron Walden, Essex, CB11 3LX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2024 2023
£ £
Trade debtors 80 -
Other debtors 295 178
_______ _______
375 178
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Loans and overdrafts 13 13
Corporation tax 9 -
Other creditors 4,225 400
_______ _______
4,247 413
_______ _______