Registration number:
Roko Ltd
for the Year Ended 31 August 2024
Roko Ltd
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Roko Ltd
Company Information
Directors: |
K R Kiss M Kiss |
Registered office: |
|
Registered number: |
04841469 |
Accountants: |
|
Roko Ltd
(Registration number: 04841469)
Balance Sheet as at 31 August 2024
Note |
31.08.24 |
31.08.23 |
|||
£ |
£ |
£ |
£ |
||
FIXED ASSETS |
|||||
Tangible assets |
|
3,717,852 |
|||
CURRENT ASSETS |
|||||
Stocks |
|
22,696 |
|||
Debtors |
- |
8,950 |
|||
Cash at bank and in hand |
|
229,580 |
|||
220,097 |
261,226 |
||||
CREDITORS |
|||||
Creditors within 1yr |
635,028 |
612,609 |
|||
Net current liabilities |
( |
(351,383) |
|||
Total assets less current liabilities |
|
3,366,469 |
|||
Creditors
|
16,666 |
50,740 |
|||
PROVISIONS FOR LIABILITES |
(219) |
(478) |
|||
Net assets |
|
3,315,251 |
|||
CAPITAL AND RESERVES |
|||||
Called up share capital |
100 |
100 |
|||
Profit and loss account |
3,641,377 |
3,315,151 |
|||
Shareholders' funds |
3,641,477 |
3,315,251 |
For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
......................................... |
Roko Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
1. |
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
2. |
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency is Pound Sterling (£).
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Roko Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
2 |
Accounting policies (continued) |
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
The land element of the freehold property is not amortised.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery etc |
Straight line over 4 years |
Land and building |
Straight line over 5 - 50 years |
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
3. |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Roko Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
4. |
Intangible assets |
Goodwill |
|
Cost or valuation |
|
At 1 September 2023 |
|
At 31 August 2024 |
|
Amortisation |
|
At 1 September 2023 |
|
At 31 August 2024 |
|
Carrying amount |
|
At 31 August 2024 |
- |
5. |
Tangible assets |
Land & buildings |
Plant & machinery |
Total |
|
Cost or valuation |
|||
At 1 September 2023 |
|
|
|
Additions |
|
|
|
At 31 August 2024 |
|
|
|
Depreciation |
|||
At 1 September 2023 |
|
|
|
Charge for the year |
|
|
|
At 31 August 2024 |
|
|
|
Carrying amount |
|||
At 31 August 2024 |
|
|
|
At 31 August 2023 |
|
|
|
Included within the net book value of land and buildings above is £4,072,583 (2023 - £3,716,032) in respect of freehold land and buildings.
Roko Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
6. |
Debtors |
Current |
31.08.24 |
31.08.23 |
Prepayments |
- |
|
- |
|
7. |
Creditors |
Creditors: amounts falling due within one year
Note |
31.08.24 |
31.08.23 |
|
Due within one year |
|||
Loans and borrowings |
|
|
|
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Other creditors includes £264,765 owed to the Directors on which no interest or payment terms have been set.
Creditors: amounts falling due after more than one year
Note |
31.08.24 |
31.08.23 |
|
Due after one year |
|||
Loans and borrowings |
|
|
8. |
LOANS |
The directors have given a personal guarantee in respect of one of the loans.
9. |
Loans and borrowings |
31.08.24 |
31.08.23 |
|
Non-current loans and borrowings |
||
Bank borrowings |
|
|
Roko Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
9 |
Loans and borrowings (continued) |
31.08.24 |
31.08.23 |
|
Current loans and borrowings |
||
Bank borrowings |
|
|