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REGISTERED NUMBER: 03070277 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ROADSCOPE LIMITED

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROADSCOPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: A J Bruce





REGISTERED OFFICE: 232 Sladepool Farm Road
Birmingham
B14 5EE





REGISTERED NUMBER: 03070277 (England and Wales)





ACCOUNTANTS: Clive Shedd & Co
Chartered Accountants
232 Sladepool Farm Road
Birmingham
B14 5EE

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 420,276 427,035

CURRENT ASSETS
Debtors 6 64,618 66,353

CREDITORS
Amounts falling due within one year 7 107,333 110,429
NET CURRENT LIABILITIES (42,715 ) (44,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,561

382,959

CREDITORS
Amounts falling due after more than one
year

8

(276,327

)

(285,582

)

PROVISIONS FOR LIABILITIES (3,230 ) (4,380 )
NET ASSETS 98,004 92,997

CAPITAL AND RESERVES
Called up share capital 10 99 99
Revaluation reserve 11 51,246 51,246
Retained earnings 46,659 41,652
SHAREHOLDERS' FUNDS 98,004 92,997

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 director acknowledges his 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.

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 27 March 2025 and were signed by:





A J Bruce - Director


ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Roadscope 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company's functional and presentation currency is the pound sterling, rounded to the nearest £.

Significant judgements and estimates
In preparing these financial statements the company's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the statement of financial position date and the amounts reported in the income statement for the year under review.

The nature of estimates means that the actual outcome could differ and the company's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - not provided
Plant and machinery etc - 25% on reducing balance

The company's practice is to maintain its land and buildings in a state of repair and refurbishment such that the residual value is at least equal to its book value. Consequently a depreciation charge is considered to be immaterial.

Tangible fixed assets are initially recorded at cost.

Financial instruments
Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

4. EMPLOYEES AND DIRECTORS

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

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

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 OR VALUATION
At 1 July 2023
and 30 June 2024 400,000 298,231 698,231
DEPRECIATION
At 1 July 2023 - 271,196 271,196
Charge for year - 6,759 6,759
At 30 June 2024 - 277,955 277,955
NET BOOK VALUE
At 30 June 2024 400,000 20,276 420,276
At 30 June 2023 400,000 27,035 427,035

Cost or valuation at 30 June 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 400,000 - 400,000
Cost - 298,231 298,231
400,000 298,231 698,231

If land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 348,754 348,754

Land and buildings were valued on an open market basis on 2 January 2020 by GJS Dillon, commercial property valuers .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,618 66,353

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,148 4,148
Mortgage loan 13,351 16,608
Trade creditors 13,324 22,856
Taxation and social security 34,737 28,169
Other creditors 35,819 34,703
Accruals and deferred income 5,954 3,945
107,333 110,429

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgage loan - 1 to 2 years 14,460 17,259
Mortgage loan - 2 to 5 years 50,986 55,941
Mortgage loan - over 5 years 210,881 212,382
276,327 285,582

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan - over 5 years 210,881 212,382

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 4,148 4,148
Mortgage loan 289,678 302,190
293,826 306,338

Bank and mortgage borrowings are secured by legal mortgages over the company's land and buildings and by a debenture over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 Ordinary £1 99 99

ROADSCOPE LIMITED (REGISTERED NUMBER: 03070277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 51,246