Company Registration No. 4321153 (England and Wales)
ROSE EXPORT LTD
Unaudited accounts
for the year ended 31 May 2024
ROSE EXPORT LTD
Unaudited accounts
Contents
ROSE EXPORT LTD
Company Information
for the year ended 31 May 2024
Company Number
4321153 (England and Wales)
Registered Office
STATION BUSINESS PARK
LAPFORD
CREDITON
DEVON
EX17 6AE
ROSE EXPORT LTD
Statement of financial position
as at 31 May 2024
Tangible assets
1,164,627
1,167,880
Cash at bank and in hand
2,782
41,734
Creditors: amounts falling due within one year
(292,726)
(189,122)
Net current liabilities
(194,819)
(61,098)
Total assets less current liabilities
969,808
1,106,782
Creditors: amounts falling due after more than one year
(473,666)
(513,592)
Net assets
496,142
593,190
Called up share capital
1
1
Profit and loss account
496,141
593,189
Shareholders' funds
496,142
593,190
For the year ending 31 May 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 15 January 2025 and were signed on its behalf by
George Rose
Director
Company Registration No. 4321153
ROSE EXPORT LTD
Notes to the Accounts
for the year ended 31 May 2024
ROSE EXPORT LTD is a private company, limited by shares, registered in England and Wales, registration number 4321153. The registered office is STATION BUSINESS PARK, LAPFORD, CREDITON, DEVON, EX17 6AE.
2
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 year, 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
10% reducing balance
Motor vehicles
12.5% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
591,859
260,528
1,236,893
2,089,280
Additions
-
3,068
71,542
74,610
At 31 May 2024
591,859
263,596
1,308,435
2,163,890
At 1 June 2023
-
129,020
792,380
921,400
Charge for the year
-
13,864
63,999
77,863
At 31 May 2024
-
142,884
856,379
999,263
At 31 May 2024
591,859
120,712
452,056
1,164,627
At 31 May 2023
591,859
131,508
444,513
1,167,880
ROSE EXPORT LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
19,505
11,921
Accrued income and prepayments
25,170
25,523
Other debtors
28,560
28,560
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
75,410
75,362
Obligations under finance leases and hire purchase contracts
73,519
55,532
Trade creditors
109,519
15,106
Taxes and social security
6,473
16,814
Loans from directors
12,624
24,272
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
349,906
398,155
Obligations under finance leases and hire purchase contracts
123,760
115,437
8
Transactions with related parties
In the year ended 31 May 2021 the Company leased the 80% share of the property at Station Business Park, owned by the director Mr G H Rose at an annual rental of £51,000.
This is a market value rent.
9
Average number of employees
During the year the average number of employees was 33 (2023: 33).