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Company Registration No. 01782754 (England and Wales)
Rossiters Limited Unaudited accounts for the period from 1 May 2023 to 30 June 2024
Rossiters Limited Unaudited accounts Contents
Page
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Rossiters Limited Company Information for the period from 1 May 2023 to 30 June 2024
Director
C G Rossiter
Company Number
01782754 (England and Wales)
Registered Office
4 Hiltons Lane Wiggenhall St Germans King's Lynn PE34 3EZ
Accountants
M C Mallett Accountants Ltd 4 Hiltons Lane Wiggenhall St Germans King's Lynn Norfolk PE34 3EZ
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Rossiters Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
550 
265,830 
Investments
- 
2,300 
550 
268,130 
Current assets
Inventories
- 
244,715 
Debtors
43,950 
25,058 
Cash at bank and in hand
181,414 
4,855 
225,364 
274,628 
Creditors: amounts falling due within one year
(8,179)
(196,301)
Net current assets
217,185 
78,327 
Total assets less current liabilities
217,735 
346,457 
Creditors: amounts falling due after more than one year
- 
(21,945)
Provisions for liabilities
Deferred tax
- 
(3,600)
Net assets
217,735 
320,912 
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Rossiters Limited Statement of financial position as at 30 June 2024 (continued)
Capital and reserves
Called up share capital
15,000 
15,000 
Revaluation reserve
- 
70,000 
Profit and loss account
202,735 
235,912 
Shareholders' funds
217,735 
320,912 
For the period ending 30 June 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 21 January 2025 and were signed on its behalf by
C G Rossiter Director Company Registration No. 01782754
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Rossiters Limited Notes to the Accounts for the period from 1 May 2023 to 30 June 2024
1
Statutory information
Rossiters Limited is a private company, limited by shares, registered in England and Wales, registration number 01782754. The registered office is 4 Hiltons Lane, Wiggenhall St Germans, King's Lynn, PE34 3EZ.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The company ceased to trade on 30 June 2024.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost/revaluation less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
in accordance with the property
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
5% straight line
Investments
Investments in shares are included at fair value.
Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Rossiters Limited Notes to the Accounts for the period from 1 May 2023 to 30 June 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
325,825 
Disposals
(321,885)
At 30 June 2024
3,940 
Depreciation
At 1 May 2023
59,995 
Charge for the period
(737)
On disposals
(55,868)
At 30 June 2024
3,390 
Net book value
At 30 June 2024
550 
At 30 April 2023
265,830 
2024 
2023 
£ 
£ 
Carrying amount of land and buildings on cost basis
- 
175,000 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
8,719 
5
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
C G Rossiter
Loan to Director
- 
9,861 
- 
9,861 
- 
9,861 
- 
9,861 
Interest was charged on the loan at 2.25% pa.
6
Average number of employees
During the period the average number of employees was 9 (2023: 8).
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