Registered number
SC064498
Rodgers (Fraserburgh) Limited
Filleted Accounts
31 March 2024
Rodgers (Fraserburgh) Limited
Registered number: SC064498
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 281,824 283,167
Investments 4 1,640 1,640
283,464 284,807
Current assets
Stocks 140,863 134,055
Debtors 5 41,896 17,350
Cash at bank and in hand 4,562 57,317
187,321 208,722
Creditors: amounts falling due within one year 6 (61,349) (71,024)
Net current assets 125,972 137,698
Total assets less current liabilities 409,436 422,505
Creditors: amounts falling due after more than one year 7 (15,114) (24,287)
Net assets 394,322 398,218
Capital and reserves
Called up share capital 42,464 42,464
Revaluation reserve 8 129,239 129,239
Profit and loss account 222,619 226,515
Shareholders' funds 394,322 398,218
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alexander T Rodger
Director
Approved by the board on 18 January 2025
Rodgers (Fraserburgh) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not provided
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments except to the extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the forseeable future. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 273,010 121,438 37,180 431,628
Additions - 4,820 - 4,820
At 31 March 2024 273,010 126,258 37,180 436,448
Depreciation
At 1 April 2023 - 117,111 31,350 148,461
Charge for the year - 2,481 3,682 6,163
At 31 March 2024 - 119,592 35,032 154,624
Net book value
At 31 March 2024 273,010 6,666 2,148 281,824
At 31 March 2023 273,010 4,327 5,830 283,167
Freehold land and buildings: 2024 2023
£ £
Historical cost 143,770 143,770
Cumulative depreciation based on historical cost - -
143,770 143,770
Land and buildings were revalued in March, 2008 at £205,000.
4 Investments
Other
investments
£
Cost
At 1 April 2023 1,640
At 31 March 2024 1,640
5 Debtors 2024 2023
£ £
Trade debtors 28,355 7,124
Other debtors 13,541 10,226
41,896 17,350
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,000 7,000
Trade creditors 36,301 28,133
Taxation and social security costs 1,057 23,789
Other creditors 16,991 12,102
61,349 71,024
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,114 24,287
8 Revaluation reserve 2024 2023
£ £
At 1 April 2023 129,239 129,239
At 31 March 2024 129,239 129,239
9 Other information
Rodgers (Fraserburgh) Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
31 High Street
Fraserburgh
Aberdeenshire
AB43 9AP
Rodgers (Fraserburgh) Limited SC064498 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Alexander T Rodger No description of principal activity SC064498 2022-04-01 2023-03-31 SC064498 core:WithinOneYear 2023-03-31 SC064498 core:AfterOneYear 2023-03-31 SC064498 core:ShareCapital 2023-03-31 SC064498 core:OtherReservesSubtotal 2023-03-31 SC064498 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC064498 core:RevaluationReserve 2022-03-31 SC064498 2023-04-01 2024-03-31 SC064498 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC064498 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC064498 bus:Director40 2023-04-01 2024-03-31 SC064498 1 2023-04-01 2024-03-31 SC064498 2 2023-04-01 2024-03-31 SC064498 core:LandBuildings 2023-04-01 2024-03-31 SC064498 core:PlantMachinery 2023-04-01 2024-03-31 SC064498 core:Vehicles 2023-04-01 2024-03-31 SC064498 countries:England 2023-04-01 2024-03-31 SC064498 bus:FRS102 2023-04-01 2024-03-31 SC064498 bus:FilletedAccounts 2023-04-01 2024-03-31 SC064498 2024-03-31 SC064498 core:WithinOneYear 2024-03-31 SC064498 core:AfterOneYear 2024-03-31 SC064498 core:ShareCapital 2024-03-31 SC064498 core:OtherReservesSubtotal 2024-03-31 SC064498 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC064498 core:LandBuildings 2024-03-31 SC064498 core:PlantMachinery 2024-03-31 SC064498 core:Vehicles 2024-03-31 SC064498 core:RevaluationReserve 2024-03-31 SC064498 2023-03-31 SC064498 core:LandBuildings 2023-03-31 SC064498 core:PlantMachinery 2023-03-31 SC064498 core:Vehicles 2023-03-31 SC064498 core:RevaluationReserve 2023-03-31 iso4217:GBP xbrli:pure