Registered number
04497028
S J Rolfe Limited
Filleted Accounts
31 July 2024
S J Rolfe Limited
Registered number: 04497028
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,545 1,631
Current assets
Debtors 4 30,603 35,076
Cash at bank and in hand 161,242 167,563
191,845 202,639
Creditors: amounts falling due within one year 5 (38,634) (55,409)
Net current assets 153,211 147,230
Total assets less current liabilities 154,756 148,861
Provisions for liabilities (294) (310)
Net assets 154,462 148,551
Capital and reserves
Called up share capital 1 1
Profit and loss account 154,461 148,550
Shareholder's funds 154,462 148,551
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
S J Rolfe
Director
Approved by the board on 26 April 2025
S J Rolfe Limited
Notes to the Accounts
for the year ended 31 July 2024
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:
Office equipment 25% Straight line
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Office equipment
£
Cost
At 1 August 2023 13,542
Additions 429
At 31 July 2024 13,971
Depreciation
At 1 August 2023 11,911
Charge for the year 515
At 31 July 2024 12,426
Net book value
At 31 July 2024 1,545
At 31 July 2023 1,631
4 Debtors 2024 2023
£ £
Trade debtors 29,528 34,024
Other debtors 1,075 1,052
30,603 35,076
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 686 1,219
Taxation and social security costs 13,544 9,463
Other creditors 24,404 44,727
38,634 55,409
6 Other information
S J Rolfe Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4, Park Farm
Inworth
Colchester
Essex
CO5 9SH
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