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REGISTERED NUMBER: 02244066 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 June 2024

for

Rollersnakes Limited

Rollersnakes Limited (Registered number: 02244066)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rollersnakes Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P A Haynes
Miss G Haynes





REGISTERED OFFICE: Unit 7
Parker Industrial Estate
Mansfield Road
Derby
DE21 4SZ





REGISTERED NUMBER: 02244066 (England and Wales)





ACCOUNTANTS: Elizabeth Rose
Chartered Certified Accountant
4 Hesketh Close
Codnor
Ripley
Derbyshire
DE5 9TT

Rollersnakes Limited (Registered number: 02244066)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 393,807 135,568
393,807 135,568

CURRENT ASSETS
Stocks 1,927,548 1,642,516
Debtors 6 98,846 118,313
Cash at bank and in hand 222,762 474,718
2,249,156 2,235,547
CREDITORS
Amounts falling due within one year 7 734,365 778,096
NET CURRENT ASSETS 1,514,791 1,457,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,908,598

1,593,019

CREDITORS
Amounts falling due after more than one
year

8

-

(51,721

)

PROVISIONS FOR LIABILITIES (24,174 ) (26,918 )
NET ASSETS 1,884,424 1,514,380

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 1,884,324 1,514,280
SHAREHOLDERS' FUNDS 1,884,424 1,514,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Rollersnakes Limited (Registered number: 02244066)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





P A Haynes - Director


Rollersnakes Limited (Registered number: 02244066)

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

1. STATUTORY INFORMATION

Rollersnakes 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 20% on cost

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 Income Statement, 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.

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.

Rollersnakes Limited (Registered number: 02244066)

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

2. ACCOUNTING POLICIES - continued

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.

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.

Trademarks
These comprise purchased trade mark rights. The original cost has been capitalised as an asset on the Balance Sheet and amortised on a straight line basis over the estimated useful life. The carrying value of the trademarks is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 38,437 48,869 87,306
AMORTISATION
At 1 July 2023
and 30 June 2024 38,437 48,869 87,306
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

Rollersnakes Limited (Registered number: 02244066)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 - 440,604 440,604
Additions 275,000 18,453 293,453
Disposals - (13,270 ) (13,270 )
At 30 June 2024 275,000 445,787 720,787
DEPRECIATION
At 1 July 2023 - 305,036 305,036
Charge for year - 33,608 33,608
Eliminated on disposal - (11,664 ) (11,664 )
At 30 June 2024 - 326,980 326,980
NET BOOK VALUE
At 30 June 2024 275,000 118,807 393,807
At 30 June 2023 - 135,568 135,568

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 240 -
Other debtors 98,606 118,313
98,846 118,313

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 326,945 448,996
Taxation and social security 213,902 163,631
Other creditors 193,518 165,469
734,365 778,096

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors - 51,721

9. OTHER FINANCIAL COMMITMENTS

As at 30th June 2021 the company had annual commitments under non-cancellable operating leases as follows:

30 June 202430 June 2023
£   £   
Over five years95,00095,000

Rollersnakes Limited (Registered number: 02244066)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
P A Haynes
Balance outstanding at start of year 59,815 (44,013 )
Amounts advanced 31,990 103,828
Amounts repaid (60,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,805 59,815

The overdrawn loan was repaid in full within nine months of the year end.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party has no one person owns more than 50% of the issue share capital.