Registered number
09935568
The Rogers Group (SW) Limited
Unaudited Filleted Accounts
31 January 2025
The Rogers Group (SW) Limited
Registered number: 09935568
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 443,314 287,672
Current assets
Stocks 30,000 30,000
Debtors 4 508,660 474,587
Cash at bank and in hand 50,416 25,434
589,076 530,021
Creditors: amounts falling due within one year 5 (400,496) (397,176)
Net current assets 188,580 132,845
Total assets less current liabilities 631,894 420,517
Creditors: amounts falling due after more than one year 6 (329,033) (137,070)
Provisions for liabilities (59,381) (71,918)
Net assets 243,480 211,529
Capital and reserves
Called up share capital 100 100
Profit and loss account 243,380 211,429
Shareholders' funds 243,480 211,529
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.
Steven Rogers
Director
Approved by the board on 28 March 2025
The Rogers Group (SW) Limited
Notes to the Accounts
for the year ended 31 January 2025
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:
Plant and machinery 25% straight line
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% straight line
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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 16,420 526,310 542,730
Additions - 442,541 442,541
Disposals - (457,500) (457,500)
At 31 January 2025 16,420 511,351 527,771
Depreciation
At 1 February 2024 9,420 245,638 255,058
Charge for the year (203) 78,191 77,988
On disposals - (248,589) (248,589)
At 31 January 2025 9,217 75,240 84,457
Net book value
At 31 January 2025 7,203 436,111 443,314
At 31 January 2024 7,000 280,672 287,672
4 Debtors 2025 2024
£ £
Trade debtors 358,179 303,349
Amounts owed by group undertakings and undertakings in which the company has a participating interest 23,228 -
Other debtors 127,253 171,238
508,660 474,587
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 78,977 128,307
Trade creditors 152,207 87,401
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 11,633
Taxation and social security costs 88,160 47,246
Other creditors 81,152 122,589
400,496 397,176
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 329,033 137,070
7 Loans 2025 2024
£ £
Creditors include:
Secured finance lease contracts 408,010 265,377
The finance lease contracts are secured on the related vehicles.
8 Related party transactions
At 31 January 2025 the company was owed £23,228 by its parent company The Rogers Group Holdings Limited (2024 the company owed £11,633). This loan is interest free and repayable on demand.
9 Controlling party
The company is jointly controlled by Steven and Adela Rogers by virtue of their majority shareholding in the company's parent company, The Rogers Group Holdings Limited.
10 Other information
The Rogers Group (SW) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 8 Forresters Business Park
Estover Close
Plymouth
PL6 7PL
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