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Rosebank Engineering Services Limited
Registered Number:05775200
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Rosebank Engineering Services Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05775200
As at 30 April 2024
Rosebank Engineering Services Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
187,093
152,833
2
187,093
152,833
Current assets
Trade and other receivables
293,027
318,337
3
70,299
Cash and cash equivalents
-
318,337
363,326
Trade and other payables: amounts falling due within one
year
(302,271)
(331,810)
4
61,055
(13,473)
Net current liabilities
Total assets less current liabilities
173,620
213,888
Trade and other payables: amounts falling due after more
than one year
(197,190)
(199,679)
5
(26,059)
Net assets/liabilities
16,698
Capital and reserves
Called up share capital
2
2
Retained earnings
(26,061)
16,696
(26,059)
16,698
Shareholders' funds
For the year ended 30 April 2024 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 30 April 2024 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.
Mr Mark Basnett Director
These financial statements were approved and authorised for issue by the Board on 14 April 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Rosebank Engineering Services Limited
Notes to the Financial Statements
Statutory Information
Rosebank Engineering Services Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05775200.
Registered address:
Unit 6
Halesfield 19
Telford
England
TF7 4QT
The presentation currency is £ sterling.
1. Accounting policies
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.
Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
25% Straight line
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 30 April 2024
Rosebank Engineering Services Limited
Notes to the Financial Statements Continued
Going Concern
The Director is providing ongoing support to the company and as such the accounts have been drawn up on a going
concern basis.
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 May 2023
302,754
46,318
234,132
22,304
82,998
458
82,540
-
Additions
At 30 April 2024
22,304
316,672
46,776
385,752
Provision for depreciation and impairment
At 01 May 2023
149,921
30,878
114,744
4,299
Charge for year
48,738
2,900
40,262
5,576
At 30 April 2024
198,659
33,778
155,006
9,875
At 30 April 2024
Net book value
12,429
161,666
12,998
187,093
At 30 April 2023
18,005
119,388
15,440
152,833
3. Trade and other receivables
2023
2024
£
£
Trade debtors
133,295
96,669
Other debtors
185,042
196,358
293,027
318,337
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
64,604
42,035
Bank loans and overdraft
9,312
-
Trade creditors
87,093
68,350
Taxation and social security
149,290
161,811
Other creditors
21,511
30,075
331,810
302,271
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6
For the year ended 30 April 2024
Rosebank Engineering Services Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
122,639
166,728
Other creditors
77,040
30,462
199,679
197,190
6. Directors advances and guarantees
At 01/05/2023
At 30/04/2024
£
£
Mr Mark Basnett
Transactions with Directors
114,732
114,732
114,732
114,732
7. Average number of persons employed
During the year the average number of employees was 10 (2023 : 10)
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