Roman Kingdom Limited
Registered number: 11232497
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,421 21,773
Current assets
Cash at bank and in hand 8,691 9,664
Creditors: amounts falling due within one year 4 (44,985) (38,664)
Net current liabilities (36,294) (29,000)
Total assets less current liabilities (18,873) (7,227)
Creditors: amounts falling due after more than one year 6 (20,755) (25,881)
Net liabilities (39,628) (33,108)
Capital and reserves
Called up share capital 100 100
Profit and loss account (39,728) (33,208)
Shareholders' funds (39,628) (33,108)
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 Clarke
Director
Approved by the board on 9 January 2025
Roman Kingdom Limited
Notes to the Accounts
for the year ended 29 February 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.
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:
Fixtures and fittings over 5 years
Equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 16
3 Tangible fixed assets
Motor Vehicle Fixtures & fittings Equipment Total
£ £ £ £
Cost
At 1 March 2023 - 5,577 29,533 35,110
At 29 February 2024 - 5,577 29,533 35,110
Depreciation
At 1 March 2023 - 5,097 8,240 13,337
Charge for the year 3,538 240 574 4,352
At 29 February 2024 3,538 5,337 8,814 17,689
Net book value
At 29 February 2024 (3,538) 240 20,719 17,421
At 28 February 2023 - 480 21,293 21,773
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 13,653 15,497
Accruals 1,000 1,000
Other creditors 34,921 17,292
Net wages - (202)
Other taxes and social security costs - 1,291
Director's loan account (4,589) 3,786
44,985 38,664
5 Profit and loss account 2024
£
At 1 March 2023 (33,208)
Profit for the year (6,520)
Dividend -
At 11 May 2023 (39,728)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,142 8,038
Vehicle Finance 13,613 17,843
20,755 25,881
7 Related party transactions
Included within the creditors at the year end is £4,589 (2023: (£3,786)) due from the company directors. During the period the company paid £10,990 of expenses on behalf of the directors and the directors introduced £2,615.
8 Controlling party
The ultimate controlling party is the director and shareholder Mr Joseph Clarke.
9 Other information
Roman Kingdom Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Lunar Drive
Bootle
L30 7PL
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