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REGISTERED NUMBER: 04771685 (England and Wales)












RODDEN AND COOPER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






RODDEN AND COOPER LIMITED (REGISTERED NUMBER: 04771685)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RODDEN AND COOPER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: S R Rodden
A J Cooper





SECRETARY: S R Rodden





REGISTERED OFFICE: Bolingbroke Road
Fairfield Industrial Estate
LOUTH
Lincolnshire
LN11 0WA





REGISTERED NUMBER: 04771685 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Louth)
Chartered Certified Accountants
1 Eastgate
Louth
Lincolnshire
LN11 9NB

RODDEN AND COOPER LIMITED (REGISTERED NUMBER: 04771685)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 965,972 928,049
Investment property 5 220,000 220,000
1,185,972 1,148,049

CURRENT ASSETS
Stocks 110,050 194,484
Debtors 200,784 163,097
Cash at bank and in hand 163,434 249,504
474,268 607,085
CREDITORS
Amounts falling due within one year 169,665 321,683
NET CURRENT ASSETS 304,603 285,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,490,575

1,433,451

CREDITORS
Amounts falling due after more than one year (183,206 ) (205,575 )

PROVISIONS FOR LIABILITIES (145,861 ) (133,596 )
NET ASSETS 1,161,508 1,094,280

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 173,449 173,449
Fair value reserve 7 49,299 49,299
Retained earnings 938,660 871,432
SHAREHOLDERS' FUNDS 1,161,508 1,094,280

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

RODDEN AND COOPER LIMITED (REGISTERED NUMBER: 04771685)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 January 2025 and were signed on its behalf by:




S R Rodden - Director



A J Cooper - Director


RODDEN AND COOPER LIMITED (REGISTERED NUMBER: 04771685)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The policies adopted for the recognition of turnover are as follows:

Construction Contracts

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to percentage of completion of the contract.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recovered.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance
Computer equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


RODDEN AND COOPER LIMITED (REGISTERED NUMBER: 04771685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


1. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Grants receivable in respect of tangible fixed assets are treated as deferred income which is credited to the profit and loss account over the estimated economic lives of the assets.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 85,000
AMORTISATION
At 1 August 2023
and 31 July 2024 85,000
NET BOOK VALUE

At 31 July 2024 -
At 31 July 2023 -

RODDEN AND COOPER LIMITED (REGISTERED NUMBER: 04771685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 1,311,431
Additions 140,913
Disposals (139,390 )
At 31 July 2024 1,312,954
DEPRECIATION
At 1 August 2023 383,382
Charge for year 64,351
Eliminated on disposal (100,751 )
At 31 July 2024 346,982
NET BOOK VALUE
At 31 July 2024 965,972
At 31 July 2023 928,049

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 220,000
NET BOOK VALUE
At 31 July 2024 220,000
At 31 July 2023 220,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 220,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 154,268 154,268

Investment property was valued on an open market basis on 31 July 2024 by the company director's .

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 181,984 200,733

RODDEN AND COOPER LIMITED (REGISTERED NUMBER: 04771685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1 August 2023
and 31 July 2024 173,449 49,299 222,748