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REGISTERED NUMBER: 06573329 (England and Wales)















ROMAN ROAD SYSTEMS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






ROMAN ROAD SYSTEMS LTD (REGISTERED NUMBER: 06573329)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROMAN ROAD SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R I Barnett
Miss A Adams





REGISTERED OFFICE: Roman House
Eckington Business Park
Rotherside Road
Eckington
South Yorkshire
S21 4HL





REGISTERED NUMBER: 06573329 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

ROMAN ROAD SYSTEMS LTD (REGISTERED NUMBER: 06573329)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 388,506 290,403

CURRENT ASSETS
Stocks 18,912 37,425
Debtors 5 43,315 5,016
Prepayments and accrued income 1,950 5,808
Cash at bank 15,729 26,179
79,906 74,428
CREDITORS
Amounts falling due within one year 6 132,813 139,478
NET CURRENT LIABILITIES (52,907 ) (65,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,599

225,353

CREDITORS
Amounts falling due after more than one
year

7

(207,550

)

(185,182

)

PROVISIONS FOR LIABILITIES (21,836 ) (7,906 )
NET ASSETS 106,213 32,265

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 38,098 4,078
Capital redemption reserve 2 2
Retained earnings 68,111 28,183
SHAREHOLDERS' FUNDS 106,213 32,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ROMAN ROAD SYSTEMS LTD (REGISTERED NUMBER: 06573329)

BALANCE SHEET - continued
30 APRIL 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





R I Barnett - Director


ROMAN ROAD SYSTEMS LTD (REGISTERED NUMBER: 06573329)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Roman Road Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 25% on reducing balance and Straight line over the life of the lease
Computer equipment - 25% on reducing balance

Land and property is valued using the revaluation model. Deferred tax on the revalued amount is accounted for, and the charge taken to the revaluation reserve.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ROMAN ROAD SYSTEMS LTD (REGISTERED NUMBER: 06573329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

ROMAN ROAD SYSTEMS LTD (REGISTERED NUMBER: 06573329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 258,000 82,680 3,673 344,353
Additions - 100,684 - 100,684
Disposals - (15,953 ) (723 ) (16,676 )
Revaluations 42,000 - - 42,000
Transfer to ownership - (31,065 ) - (31,065 )
At 30 April 2024 300,000 136,346 2,950 439,296
DEPRECIATION
At 1 May 2023 - 51,870 2,080 53,950
Charge for year - 21,930 366 22,296
Eliminated on disposal - (24,862 ) (594 ) (25,456 )
At 30 April 2024 - 48,938 1,852 50,790
NET BOOK VALUE
At 30 April 2024 300,000 87,408 1,098 388,506
At 30 April 2023 258,000 30,810 1,593 290,403

Included in cost or valuation of land and buildings is freehold land of £ 109,020 (2023 - £ 109,020 ) which is not depreciated.

Cost or valuation at 30 April 2024 is represented by:

Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
Valuation in 2020 30,920 - - 30,920
Valuation in 2021 8,000 - - 8,000
Valuation in 2024 42,000 - - 42,000
Cost 219,080 136,346 2,950 358,376
300,000 136,346 2,950 439,296

ROMAN ROAD SYSTEMS LTD (REGISTERED NUMBER: 06573329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 219,080 219,080
Aggregate depreciation 19,810 17,610

Value of land in freehold land and buildings 109,020 109,020

Freehold land and buildings were valued on an open market basis on 30 April 2024 by the director .

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 May 2023 31,065
Additions 62,747
Transfer to ownership (31,065 )
At 30 April 2024 62,747
DEPRECIATION
At 1 May 2023 21,112
Charge for year 10,280
Eliminated on disposal (21,112 )
At 30 April 2024 10,280
NET BOOK VALUE
At 30 April 2024 52,467
At 30 April 2023 9,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 43,315 3,203
Other debtors - 1,813
43,315 5,016

ROMAN ROAD SYSTEMS LTD (REGISTERED NUMBER: 06573329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 17,393 16,743
Hire purchase contracts and finance leases (see note 8)
6,975

10,872
Trade creditors 9,509 37,773
Taxation and social security 12,502 10,513
VAT 8,858 -
Other creditors 8,535 8,963
Directors' current accounts 69,041 54,614
132,813 139,478

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 18,878 17,393
Bank loans - 2-5 years 25,542 35,544
Bank loans more 5 yr by instal 121,938 132,245
Hire purchase contracts and finance leases (see note 8)
41,192

-
207,550 185,182

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 121,938 132,245

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
30.4.24 30.4.23 30.4.24 30.4.23
£    £    £    £   
Net obligations repayable:
Within one year 3,292 - 3,683 10,872
Between one and five years 12,693 - 28,499 -
15,985 - 32,182 10,872

ROMAN ROAD SYSTEMS LTD (REGISTERED NUMBER: 06573329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 6,079 7,664
Between one and five years 5,066 32,182
11,145 39,846

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 183,751 201,925

The bank loans are secured by a first legal charge on the company's land and property.
An overdraft of up to £25,000 is secured by a personal guarantee from Robert Barnett, a director and shareholder of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary 1 2 2

11. RESERVES
Revaluation
reserve
£   
At 1 May 2023 4,078
Revaluation reserve 34,020

At 30 April 2024 38,098