IRIS Accounts Production v24.3.2.46 04070645 Board of Directors 1.5.23 30.4.24 30.4.24 31.1.2025 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040706452023-04-30040706452024-04-30040706452023-05-012024-04-30040706452022-04-30040706452022-05-012023-04-30040706452023-04-3004070645ns15:EnglandWales2023-05-012024-04-3004070645ns14:PoundSterling2023-05-012024-04-3004070645ns10:Director12023-05-012024-04-3004070645ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004070645ns10:SmallEntities2023-05-012024-04-3004070645ns10:Audited2023-05-012024-04-3004070645ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004070645ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004070645ns10:FullAccounts2023-05-012024-04-3004070645ns10:Director22023-05-012024-04-3004070645ns10:Director32023-05-012024-04-3004070645ns10:CompanySecretary12023-05-012024-04-3004070645ns10:RegisteredOffice2023-05-012024-04-3004070645ns5:CurrentFinancialInstruments2024-04-3004070645ns5:CurrentFinancialInstruments2023-04-3004070645ns5:Non-currentFinancialInstruments2024-04-3004070645ns5:Non-currentFinancialInstruments2023-04-3004070645ns5:ShareCapital2024-04-3004070645ns5:ShareCapital2023-04-3004070645ns5:RevaluationReserve2024-04-3004070645ns5:RevaluationReserve2023-04-3004070645ns5:CapitalRedemptionReserve2024-04-3004070645ns5:CapitalRedemptionReserve2023-04-3004070645ns5:RetainedEarningsAccumulatedLosses2024-04-3004070645ns5:RetainedEarningsAccumulatedLosses2023-04-3004070645ns5:LandBuildings2023-04-3004070645ns5:LeaseholdImprovements2023-04-3004070645ns5:PlantMachinery2023-04-3004070645ns5:LandBuildings2023-05-012024-04-3004070645ns5:LeaseholdImprovements2023-05-012024-04-3004070645ns5:PlantMachinery2023-05-012024-04-3004070645ns5:LandBuildings2024-04-3004070645ns5:LeaseholdImprovements2024-04-3004070645ns5:PlantMachinery2024-04-3004070645ns5:LandBuildings2023-04-3004070645ns5:LeaseholdImprovements2023-04-3004070645ns5:PlantMachinery2023-04-3004070645ns5:FurnitureFittings2023-04-3004070645ns5:MotorVehicles2023-04-3004070645ns5:ComputerEquipment2023-04-3004070645ns5:FurnitureFittings2023-05-012024-04-3004070645ns5:MotorVehicles2023-05-012024-04-3004070645ns5:ComputerEquipment2023-05-012024-04-3004070645ns5:FurnitureFittings2024-04-3004070645ns5:MotorVehicles2024-04-3004070645ns5:ComputerEquipment2024-04-3004070645ns5:FurnitureFittings2023-04-3004070645ns5:MotorVehicles2023-04-3004070645ns5:ComputerEquipment2023-04-3004070645ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004070645ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3004070645ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004070645ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3004070645ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3004070645ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3004070645ns5:HirePurchaseContracts2024-04-3004070645ns5:HirePurchaseContracts2023-04-3004070645ns5:WithinOneYear2024-04-3004070645ns5:WithinOneYear2023-04-3004070645ns5:BetweenOneFiveYears2024-04-3004070645ns5:BetweenOneFiveYears2023-04-3004070645ns5:AllPeriods2024-04-3004070645ns5:AllPeriods2023-04-3004070645ns5:RetainedEarningsAccumulatedLosses2023-04-3004070645ns5:RevaluationReserve2023-04-3004070645ns5:CapitalRedemptionReserve2023-04-3004070645ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 04070645 (England and Wales)



















Audited Financial Statements

for the Year Ended 30 April 2024

for

Roscom Limited

Roscom Limited (Registered number: 04070645)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Roscom Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S J R Taylor
Mrs M J Blackburn
D J Edwards





SECRETARY: S J R Taylor





REGISTERED OFFICE: Bateman Street
Derby
DE23 8JQ





REGISTERED NUMBER: 04070645 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Roscom Limited (Registered number: 04070645)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,743,398 1,757,787

CURRENT ASSETS
Stocks 20,000 28,632
Debtors 5 1,018,085 1,130,750
Cash at bank and in hand 36,792 77,787
1,074,877 1,237,169
CREDITORS
Amounts falling due within one year 6 605,122 470,176
NET CURRENT ASSETS 469,755 766,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,213,153

2,524,780

CREDITORS
Amounts falling due after more than one
year

7

19,133

40,940
NET ASSETS 2,194,020 2,483,840

CAPITAL AND RESERVES
Called up share capital 289,282 289,282
Revaluation reserve 10 97,149 11,374
Capital redemption reserve 10 21,969 21,969
Retained earnings 10 1,785,620 2,161,215
2,194,020 2,483,840

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 Profit and Loss Account 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:





S J R Taylor - Director


Roscom Limited (Registered number: 04070645)

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

1. STATUTORY INFORMATION

Roscom 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services and equipment, excluding value added tax.

Net income from service contracts is recognised evenly over the term to which it relates.

Net income from equipment is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the previously agreed amounts upon payment.

Tangible fixed assets
Tangible fixed assets, apart from monitoring equipment, are stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Monitoring equipment is revalued on an annual basis with the value of each unit determined by the amount of income that it generates for the company.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- 2% on cost when first brought into use
Monitoring equipment- 25% on cost when brought into use
Office equipment and fixtures- 20% on cost
Test equipment- 20% on cost
Motor vehicles- 25% on cost
IT hardware- 33% on cost

Freehold land is not depreciated.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase invoice price on a first in first out basis and includes all direct expenditure.


Roscom Limited (Registered number: 04070645)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 32 ) .

Roscom Limited (Registered number: 04070645)

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

4. TANGIBLE FIXED ASSETS
Office
equipment
Freehold Monitoring and
property equipment fixtures
£    £    £   
COST OR VALUATION
At 1 May 2023 1,499,028 163,000 82,016
Additions - - 607
Disposals - - (8,721 )
Revaluations - (51,375 ) -
At 30 April 2024 1,499,028 111,625 73,902
DEPRECIATION
At 1 May 2023 - 137,150 65,942
Charge for year - - 5,757
Eliminated on disposal - - (2,388 )
Revaluation adjustments - (137,150 ) -
At 30 April 2024 - - 69,311
NET BOOK VALUE
At 30 April 2024 1,499,028 111,625 4,591
At 30 April 2023 1,499,028 25,850 16,074

Test Motor IT
equipment vehicles hardware Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 149,536 190,021 287,418 2,371,019
Additions - - 11,009 11,616
Disposals (4,287 ) (89,970 ) - (102,978 )
Revaluations - - - (51,375 )
At 30 April 2024 145,249 100,051 298,427 2,228,282
DEPRECIATION
At 1 May 2023 64,098 71,367 274,675 613,232
Charge for year 17,115 26,786 10,231 59,889
Eliminated on disposal (3,000 ) (45,699 ) - (51,087 )
Revaluation adjustments - - - (137,150 )
At 30 April 2024 78,213 52,454 284,906 484,884
NET BOOK VALUE
At 30 April 2024 67,036 47,597 13,521 1,743,398
At 30 April 2023 85,438 118,654 12,743 1,757,787

Included in cost or valuation of land and buildings is freehold land of £ 171,418 (2023 - £ 171,418 ) which is not depreciated.

Freehold property had not been brought into use as at the year end and therefore no depreciation has been charged.

Roscom Limited (Registered number: 04070645)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Office
equipment
Freehold Monitoring and
property equipment fixtures
£    £    £   
Valuation in 2024 - 111,625 -
Cost 1,499,028 - 73,902
1,499,028 111,625 73,902

Test Motor IT
equipment vehicles hardware Totals
£    £    £    £   
Valuation in 2024 - - - 111,625
Cost 145,249 100,051 298,427 2,116,657
145,249 100,051 298,427 2,228,282

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 338,292 399,559
Amounts owed by related parties 256,601 253,966
Other debtors - 27,885
Taxation recoverable 20,383 20,383
Prepayments 43,245 74,315
Accrued income 46,564 41,642
705,085 817,750

Amounts falling due after more than one year:
Deferred tax 313,000 313,000

Aggregate amounts 1,018,085 1,130,750

The deferred tax balance is available to offset corporation tax liabilities of the company arising in more than one year. It comprises capital allowances due in future periods of £32,000 (2023: £32,000) and losses available to be offset in future periods of £345,000 (2023: £345,000).

Roscom Limited (Registered number: 04070645)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 180,975 9,760
Hire purchase contracts (see note 8) 10,320 28,886
Trade creditors 55,569 17,211
Social security and other taxes 81,509 99,372
Other creditors 7,465 5,422
Directors' loan accounts 14,918 4,213
Deferred income 212,876 287,140
Accrued expenses 41,490 18,172
605,122 470,176

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,133 30,240
Hire purchase contracts (see note 8) - 10,700
19,133 40,940

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,320 28,886
Between one and five years - 10,700
10,320 39,586

Non-cancellable operating leases
2024 2023
£    £   
Within one year 29,000 -
Between one and five years 29,000 -
58,000 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 10,320 39,586

Roscom Limited (Registered number: 04070645)

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

10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 May 2023 2,161,215 11,374 21,969 2,194,558
Deficit for the year (222,820 ) - - (222,820 )
Dividends (67,000 ) - - (67,000 )
Reserves transfer (85,775 ) 85,775 - -
At 30 April 2024 1,785,620 97,149 21,969 1,904,738

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Wayne Thomas FCA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd

12. RELATED PARTY DISCLOSURES

During the prior financial year the company traded with another company which is controlled by a company director. During the current year the company was charged £nil (2023: £7,517) in respect of site facilities provided by the related company.

The company billed the pension scheme £48,738 (2023: £nil) in respect of management charges. At the balance sheet date £256,601 (2023: £253,966) was included in debtors in relation to amounts owed by the pension scheme.