Company registration number 10378368 (England and Wales)
Rope Access Trade Solutions Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
Rope Access Trade Solutions Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Rope Access Trade Solutions Ltd
Statement Of Financial Position
as at 30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
453,456
237,338
Current assets
Debtors
4
422,567
684,065
Cash at bank and in hand
658,761
45,216
1,081,328
729,281
Creditors: amounts falling due within one year
5
(725,358)
(435,930)
Net current assets
355,970
293,351
Total assets less current liabilities
809,426
530,689
Creditors: amounts falling due after more than one year
6
(277,591)
(304,170)
Provisions for liabilities
7
(102,061)
(22,557)
Net assets
429,774
203,962
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
429,764
203,952
Total equity
429,774
203,962
Rope Access Trade Solutions Ltd
Statement Of Financial Position (continued)
as at 30 September 2024
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 3 February 2025 and are signed on its behalf by:
S Kirk
Director
Company Registration No. 10378368
Rope Access Trade Solutions Ltd
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% Reducing balance
Fixtures and fittings
25% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rope Access Trade Solutions Ltd
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
16
20
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2023
98,163
32,000
337,675
467,838
Additions
24,120
9,880
324,334
358,334
At 30 September 2024
122,283
41,880
662,009
826,172
Depreciation and impairment
At 1 October 2023
69,880
10,545
150,075
230,500
Depreciation charged in the year
7,219
7,014
127,983
142,216
At 30 September 2024
77,099
17,559
278,058
372,716
Carrying amount
At 30 September 2024
45,184
24,321
383,951
453,456
At 30 September 2023
28,283
21,455
187,600
237,338
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
375,899
665,010
Other debtors
41,974
5,067
Prepayments and accrued income
4,694
13,988
422,567
684,065
Rope Access Trade Solutions Ltd
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
29,227
36,187
Obligations under finance leases
69,783
31,840
Trade creditors
219,565
224,553
Corporation tax
272,551
-
0
Other taxation and social security
59,589
113,785
Other creditors
32,755
27,268
Accruals and deferred income
41,888
2,297
725,358
435,930
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
14,023
189,391
Obligations under finance leases
263,568
114,779
277,591
304,170
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
102,061
22,557
8
Parent company

The parent company of Rope Access Trade Solutions Ltd is RATS Group Ltd and its registered office is Unit 9 St Hilda Industrial Estate, Station Road, South Shields, England, NE33 1RA

9
Company information

Rope Access Trade Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9 St Hilda Industrial Estate, Station Road, South Shields, NE33 1RA.

2024-09-302023-10-01falsefalsefalse03 February 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityS KirkI Pallas103783682023-10-012024-09-30103783682024-09-30103783682023-09-3010378368core:PlantMachinery2024-09-3010378368core:FurnitureFittings2024-09-3010378368core:MotorVehicles2024-09-3010378368core:PlantMachinery2023-09-3010378368core:FurnitureFittings2023-09-3010378368core:MotorVehicles2023-09-3010378368core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3010378368core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3010378368core:Non-currentFinancialInstrumentscore:AfterOneYear2024-09-3010378368core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-3010378368core:CurrentFinancialInstruments2024-09-3010378368core:CurrentFinancialInstruments2023-09-3010378368core:Non-currentFinancialInstruments2024-09-3010378368core:Non-currentFinancialInstruments2023-09-3010378368core:ShareCapital2024-09-3010378368core:ShareCapital2023-09-3010378368core:RetainedEarningsAccumulatedLosses2024-09-3010378368core:RetainedEarningsAccumulatedLosses2023-09-3010378368bus:Director12023-10-012024-09-3010378368core:PlantMachinery2023-10-012024-09-3010378368core:FurnitureFittings2023-10-012024-09-3010378368core:MotorVehicles2023-10-012024-09-30103783682022-10-012023-09-3010378368core:PlantMachinery2023-09-3010378368core:FurnitureFittings2023-09-3010378368core:MotorVehicles2023-09-30103783682023-09-3010378368bus:PrivateLimitedCompanyLtd2023-10-012024-09-3010378368bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3010378368bus:FRS1022023-10-012024-09-3010378368bus:AuditExemptWithAccountantsReport2023-10-012024-09-3010378368bus:Director22023-10-012024-09-3010378368bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP