Rolling Mill Services Ltd |
Registered Number:06495907 |
For the year ended 28 February 2025
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2025
Rolling Mill Services Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Rolling Mill Services Ltd
Statement of Financial Position
2024
2025
Property, plant and equipment |
2,839
3,341
2
2,839
3,341
7,900
-
3
Trade and other receivables |
72,401
36,075
4
328,641
Cash and cash equivalents |
48,986
85,061
408,942
Trade and other payables: amounts falling due within one |
year |
(1,411)
(23,436)
5
407,531
61,625
Net current assets
Total assets less current liabilities |
64,464
410,872
(515)
(605)
Provisions for liabilities |
63,949
Net assets
410,267
102
102
63,847
410,165
63,949
410,267
Shareholders' funds
For the year ended 28 February 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 05 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2025
Rolling Mill Services Ltd
Notes to the Financial Statements
Statutory Information
Rolling Mill Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 06495907. |
Step Business Centre
Wortley Road
Sheffield
S36 2UH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
Stocks 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 costs and an appropriate proportion of fixed and variable overheads. |
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
2 of 4
For the year ended 28 February 2025
Rolling Mill Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
40,889
4,706
21,608
9,696
4,879
9,696
21,608
4,706
40,889
4,879
Provision for depreciation and impairment |
37,548
4,182
20,934
7,553
4,879
Charge for year
502
79
103
320
-
38,050
4,261
21,037
7,873
4,879
-
1,823
571
445
2,839
-
2,143
674
524
3,341
2024
2025
-
7,900
4. Trade and other receivables |
2024
2025
31,960
17,475
4,115
54,926
72,401
36,075
5. Trade and other payables: amounts falling due within one year |
2024
2025
(1)
-
Taxation and social security |
7
-
23,430
1,411
23,436
1,411
6. Average number of persons employed |
During the year the average number of employees was 1 (2024 : 1)
3 of 4
For the year ended 28 February 2025
Rolling Mill Services Ltd
Notes to the Financial Statements Continued
4 of 4