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REGISTERED NUMBER: 06207501 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 April 2024

for

Roseden Vehicle Components Limited

Roseden Vehicle Components Limited (Registered number: 06207501)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Roseden Vehicle Components Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N P Rose
T Goodwin





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 06207501 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Roseden Vehicle Components Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Roseden Vehicle Components Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Roseden Vehicle Components Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Roseden Vehicle Components Limited and state those matters that we have agreed to state to the Board of Directors of Roseden Vehicle Components Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Roseden Vehicle Components Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Roseden Vehicle Components Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Roseden Vehicle Components Limited. You consider that Roseden Vehicle Components Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Roseden Vehicle Components Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


30 January 2025

Roseden Vehicle Components Limited (Registered number: 06207501)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,455 16,543

CURRENT ASSETS
Stocks 34,145 30,487
Debtors 5 783,698 694,546
Cash at bank 191,034 311,496
1,008,877 1,036,529
CREDITORS
Amounts falling due within one year 6 505,065 462,551
NET CURRENT ASSETS 503,812 573,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,267

590,521

CREDITORS
Amounts falling due after more than
one year

7

(91,686

)

(155,590

)

PROVISIONS FOR LIABILITIES (9,119 ) (4,136 )
NET ASSETS 455,462 430,795

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 455,362 430,695
SHAREHOLDERS' FUNDS 455,462 430,795

Roseden Vehicle Components Limited (Registered number: 06207501)

Balance Sheet - continued
30 April 2024


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.

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 30 January 2025 and were signed on its behalf by:





N P Rose - Director


Roseden Vehicle Components Limited (Registered number: 06207501)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Roseden Vehicle Components Limited 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Roseden Vehicle Components Limited (Registered number: 06207501)

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 11,330 11,730 131,455 10,815 165,330
Additions - 1,150 62,295 - 63,445
At 30 April 2024 11,330 12,880 193,750 10,815 228,775
DEPRECIATION
At 1 May 2023 10,927 9,987 119,252 8,621 148,787
Charge for year 403 650 25,377 1,103 27,533
At 30 April 2024 11,330 10,637 144,629 9,724 176,320
NET BOOK VALUE
At 30 April 2024 - 2,243 49,121 1,091 52,455
At 30 April 2023 403 1,743 12,203 2,194 16,543


Roseden Vehicle Components Limited (Registered number: 06207501)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 680,077 632,967
Other debtors 26,101 14,863
Directors' current accounts 74,843 44,039
Prepayments and accrued income 2,677 2,677
783,698 694,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 76,338 69,612
Hire purchase contracts 13,098 2,808
Trade creditors 221,251 242,058
Corporation tax 120,445 71,756
Social security and other taxes 2,281 2,144
VAT 43,466 53,643
Other creditors 20,756 14,140
Accruals and deferred income 7,430 6,390
505,065 462,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 76,772 69,673
Bank loans - 2-5 years 2,467 85,917
Hire purchase contracts 12,447 -
91,686 155,590

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 25,545 2,808
Bank loans 155,577 225,202
181,122 228,010

The hire purchase creditor is secured on the assets to which it relates.

The bank loan is secured by a fixed and floating charge over the property and assets of the company.

Roseden Vehicle Components Limited (Registered number: 06207501)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
70 Ordinary £1 70 70
25 'B' Ordinary £1 25 25
5 'C' Ordinary £1 5 5
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
N P Rose
Balance outstanding at start of year 44,039 39,091
Amounts advanced 277,429 167,448
Amounts repaid (246,625 ) (162,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,843 44,039

The loan is interest free and repayable on demand.