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Company No: 07655914 (England and Wales)

KEITH ROUNCE SITE MANAGEMENT SERVICES LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

KEITH ROUNCE SITE MANAGEMENT SERVICES LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

KEITH ROUNCE SITE MANAGEMENT SERVICES LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
KEITH ROUNCE SITE MANAGEMENT SERVICES LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 3,510 0
3,510 0
Current assets
Debtors 4 6,726 10,085
Cash at bank and in hand 83,845 43,035
90,571 53,120
Creditors: amounts falling due within one year 5 ( 44,458) ( 28,224)
Net current assets 46,113 24,896
Total assets less current liabilities 49,623 24,896
Net assets 49,623 24,896
Capital and reserves
Called-up share capital 100 1
Profit and loss account 49,523 24,895
Total shareholders' funds 49,623 24,896

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Keith Rounce Site Management Services Ltd (registered number: 07655914) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Keith Rounce
Director

19 January 2025

KEITH ROUNCE SITE MANAGEMENT SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
KEITH ROUNCE SITE MANAGEMENT SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Keith Rounce Site Management Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 East Cliff, Tucker Street, Cromer, NR27 9HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 15 % reducing balance
Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 0

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 July 2023 0 0
Additions 3,745 3,745
At 30 June 2024 3,745 3,745
Accumulated depreciation
At 01 July 2023 0 0
Charge for the financial year 235 235
At 30 June 2024 235 235
Net book value
At 30 June 2024 3,510 3,510
At 30 June 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 3,477 0
Prepayments and accrued income 225 3,221
Other debtors 3,024 6,864
6,726 10,085

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 2,055 808
Accruals 1,954 1,853
Taxation and social security 40,449 25,563
44,458 28,224