Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11299711 2023-05-01 2024-04-30 11299711 2022-05-01 2023-04-30 11299711 2024-04-30 11299711 2023-04-30 11299711 c:Director1 2023-05-01 2024-04-30 11299711 d:PlantMachinery 2023-05-01 2024-04-30 11299711 d:PlantMachinery 2024-04-30 11299711 d:PlantMachinery 2023-04-30 11299711 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11299711 d:MotorVehicles 2023-05-01 2024-04-30 11299711 d:MotorVehicles 2024-04-30 11299711 d:MotorVehicles 2023-04-30 11299711 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11299711 d:OfficeEquipment 2023-05-01 2024-04-30 11299711 d:OfficeEquipment 2024-04-30 11299711 d:OfficeEquipment 2023-04-30 11299711 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11299711 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11299711 d:CurrentFinancialInstruments 2024-04-30 11299711 d:CurrentFinancialInstruments 2023-04-30 11299711 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11299711 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11299711 d:ShareCapital 2024-04-30 11299711 d:ShareCapital 2023-04-30 11299711 d:RetainedEarningsAccumulatedLosses 2024-04-30 11299711 d:RetainedEarningsAccumulatedLosses 2023-04-30 11299711 c:FRS102 2023-05-01 2024-04-30 11299711 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11299711 c:FullAccounts 2023-05-01 2024-04-30 11299711 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11299711 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11299711









ROSE TRANSMISSIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
ROSE TRANSMISSIONS LIMITED
REGISTERED NUMBER: 11299711

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,253
28,653

Current assets
  

Stocks
  
2,000
-

Debtors: amounts falling due within one year
 5 
90,199
87,138

Cash at bank and in hand
  
112,854
101,270

  
205,053
188,408

Creditors: amounts falling due within one year
 6 
(99,718)
(120,673)

Net current assets
  
 
 
105,335
 
 
67,735

Total assets less current liabilities
  
123,588
96,388

Provisions for liabilities
  

Deferred tax
  
(5,087)
(5,869)

Net assets
  
118,501
90,519


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
118,500
90,518

  
118,501
90,519


Page 1

 
ROSE TRANSMISSIONS LIMITED
REGISTERED NUMBER: 11299711
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 January 2025.




M Hopewell
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ROSE TRANSMISSIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company is a private limited company, which is incorporated and registered in England (registration number:11299711). The address of the registered office is 22 Kings Mill Way, Mansfield, Nottinghamshire, NG18 5ER.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the date of signing there is a degree of uncertainty about the full economic impact of the cost of living and wider geopolitical environment. The director continues to monitor the position closely, however believes that the company will maintain its current level of activity and therefore continues to adopt the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ROSE TRANSMISSIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ROSE TRANSMISSIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight line
Motor vehicles
-
25%
Straight line
Office equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3). 

Page 5

 
ROSE TRANSMISSIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
51,129
29,900
1,358
82,387


Additions
3,944
-
-
3,944



At 30 April 2024

55,073
29,900
1,358
86,331



Depreciation


At 1 May 2023
39,984
12,874
877
53,735


Charge for the year on owned assets
6,648
7,476
219
14,343



At 30 April 2024

46,632
20,350
1,096
68,078



Net book value



At 30 April 2024
8,441
9,550
262
18,253



At 30 April 2023
11,145
17,026
482
28,653


5.


Debtors

2024
2023
£
£


Trade debtors
7,968
8,882

Other debtors
80,811
76,314

Prepayments and accrued income
1,420
1,942

90,199
87,138


Page 6

 
ROSE TRANSMISSIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
26,531
47,527

Other taxation and social security
14,769
8,553

Other creditors
49,245
48,081

Accruals and deferred income
9,173
16,512

99,718
120,673



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,328 (2023 - £1,170). Contributions totalling £0 (2023 - £0) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 7