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Roundworld Services Limited

ANNUAL REPORT

YEAR ENDED 31 MAY 2024




















Company Registration Number - 3371185

















AVENET ACCOUNTANCY

IFA Accountants



1.
Roundworld Services Limited
COMPANY NUMBER - 3371185

Balance sheet as at 31 May 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS





Tangible assets 4
102
102

Current assets




Debtors 5 7,780
5,998

Cash at bank and in hand
2,458
13




10,238
6,011
Current liabilities




Creditors - Amounts
falling due within one year 6 1,177
1,185


NET CURRENT ASSETS

9,061
4,826


Total assets less current liabilities

9,163
4,928












CAPITAL AND RESERVES

Called up share capital 7
2
2

Profit and Loss account

9,161
4,926


Shareholders' funds

9,163
4,928



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 May 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 27 February 2025
and signed on their behalf by:




D Saxton



Director




The notes on pages 2 to 3 form an integral part of these accounts.


2.
Roundworld Services Limited

Notes to the Financial Statements

For the year ended 31 May 2024


1. General Information

Roundworld Services Ltd is a Private Company, limited by shares, domiciled in England and Wales, registration number 3371185.


The company's registered office is 43 Coy Pond Road, Poole , Dorset, BH12 1JT.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 8.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Motor vehicles - 18% reducing balance

Office and computer equipment - 18% reducing balance


Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


3. Employees

The average number employed by the company (including directors) during the year 2024 was 1
and in the previous year 2023 was 1.


3.
Roundworld Services Limited

Notes to the Financial Statements

For the year ended 31 May 2024


4. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £


At 1 June 2023 3,179
and 31 May 2024


Depreciation
At 1 June 2023 3,077

At 31 May 2024 3,077

Net book values
At 31 May 2024 102
At 1 June 2023 102





2024
2023


£
£
5. Debtors

Due within one year:



Other debtors 7,780
5,998



6. Creditors

Amounts falling due within one year:



Accruals 100
100
Taxation and social security 1,059
220
Director's Current Accounts 18
865


1,177 1,185



7. Called up share capital

There was no change in share capital during the year.






8. Impact of first year adoption of FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.