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REGISTERED NUMBER: SC659661 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ROLL OUTDOORS LTD

ROLL OUTDOORS LTD (REGISTERED NUMBER: SC659661)






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


ROLL OUTDOORS LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mr M P Lee
Mrs M P Lee





REGISTERED OFFICE: Cul Beag
Balquhidder
Lochearnhead
FK19 8PB





REGISTERED NUMBER: SC659661 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Wallace House
Maxwell Place
Stirling
FK8 1JU

ROLL OUTDOORS LTD (REGISTERED NUMBER: SC659661)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,499 -
Tangible assets 5 23,769 23,033
28,268 23,033

CURRENT ASSETS
Stocks 15,500 12,300
Debtors 6 3,929 313
Cash at bank 3,464 6,185
22,893 18,798
CREDITORS
Amounts falling due within one year 7 56,119 43,353
NET CURRENT LIABILITIES (33,226 ) (24,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,958

)

(1,522

)

PROVISIONS FOR LIABILITIES 8 - 4,376
NET LIABILITIES (4,958 ) (5,898 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,058 ) (5,998 )
(4,958 ) (5,898 )

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.

ROLL OUTDOORS LTD (REGISTERED NUMBER: SC659661)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr M P Lee - Director


ROLL OUTDOORS LTD (REGISTERED NUMBER: SC659661)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Roll Outdoors Ltd is a private company, limited by shares , registered in Scotland. 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 at 30 April 2024 the company's total liabilities exceeded assets by £4,958 (2023 - £5,898). The company relies on the continued support of its creditors and the directors to finance its working capital requirements. The directors consider it appropriate to prepare the financial statements on a going concern basis as they have confirmed that their support will continue for the foreseeable future.

FIRST YEAR ADOPTION OF FINANCIAL REPORTING STANDARD 102 ( FRS 102) SECTION 1A
These financial statements for the year ended 30 April 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP - FRS 105, the date of transition to FRS 102 Section 1A is 1 May 2022.

Due to transition from FRS 105 to FRS 102 Section 1A, and the accounting policies required under FRS 102 Section 1A, the prior year figures have been restated to disclose the deferred tax provision that would have been required under FRS 102 Section 1A.

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

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 25% per annum on cost
Fixtures and fittings - 20% per annum on cost
Computer equipment - 20% per annum on cost

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

ROLL OUTDOORS LTD (REGISTERED NUMBER: SC659661)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 Statement of Income and Retained Earnings, 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.

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
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 4 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 4,575
At 30 April 2024 4,575
AMORTISATION
Charge for year 76
At 30 April 2024 76
NET BOOK VALUE
At 30 April 2024 4,499

ROLL OUTDOORS LTD (REGISTERED NUMBER: SC659661)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 43,243 5,142 - 48,385
Additions 10,427 3,568 1,280 15,275
At 30 April 2024 53,670 8,710 1,280 63,660
DEPRECIATION
At 1 May 2023 23,783 1,569 - 25,352
Charge for year 12,779 1,626 134 14,539
At 30 April 2024 36,562 3,195 134 39,891
NET BOOK VALUE
At 30 April 2024 17,108 5,515 1,146 23,769
At 30 April 2023 19,460 3,573 - 23,033

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,929 313

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1 -
Taxation and social security 92 -
Other creditors 56,026 43,353
56,119 43,353

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 4,376

Deferred
tax
£   
Balance at 1 May 2023 4,376
Provided during year (4,376 )
Balance at 30 April 2024 -

ROLL OUTDOORS LTD (REGISTERED NUMBER: SC659661)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

9. RELATED PARTY DISCLOSURES

Included in 'Other Creditors' is an amount of £50,562 (2023 - £41,853) due to directors. This loan is interest free and repayable on demand.