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REGISTERED NUMBER: SC519525 (Scotland)












Financial Statements

for the Year Ended 31 July 2024

for

Rosecarth International Limited

Rosecarth International Limited (Registered number: SC519525)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rosecarth International Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Z Zahid
M Sharif





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC519525 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Rosecarth International Limited (Registered number: SC519525)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 74,225 61,446

CURRENT ASSETS
Debtors 4 1,090,648 953,761
Cash at bank and in hand 222,021 209,194
1,312,669 1,162,955
CREDITORS
Amounts falling due within one year 5 246,839 100,048
NET CURRENT ASSETS 1,065,830 1,062,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,140,055

1,124,353

CREDITORS
Amounts falling due after more than one year 6 (46,828 ) (27,551 )

PROVISIONS FOR LIABILITIES 7 (1,990 ) (140 )
NET ASSETS 1,091,237 1,096,662

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 1,090,937 1,096,362
SHAREHOLDERS' FUNDS 1,091,237 1,096,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Rosecarth International Limited (Registered number: SC519525)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





M Sharif - Director


Rosecarth International Limited (Registered number: SC519525)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of retail intermediary services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rosecarth International Limited (Registered number: SC519525)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 21,339 7,664 74,500 22,548 126,051
Additions - - 67,000 675 67,675
Disposals - - (74,500 ) - (74,500 )
At 31 July 2024 21,339 7,664 67,000 23,223 119,226
DEPRECIATION
At 1 August 2023 1,707 3,294 38,705 20,899 64,605
Charge for year 427 655 16,750 1,269 19,101
Eliminated on disposal - - (38,705 ) - (38,705 )
At 31 July 2024 2,134 3,949 16,750 22,168 45,001
NET BOOK VALUE
At 31 July 2024 19,205 3,715 50,250 1,055 74,225
At 31 July 2023 19,632 4,370 35,795 1,649 61,446

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 172,399 53,377
Other debtors 918,249 900,384
1,090,648 953,761

Rosecarth International Limited (Registered number: SC519525)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,646 8,085
Trade creditors 16,311 1
Taxation and social security 3,875 16,989
Other creditors 224,007 74,973
246,839 100,048

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 46,828 27,551

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,990 140

Deferred
tax
£   
Balance at 1 August 2023 140
Credit to Income Statement during year (12,025 )
Balance at 31 July 2024 (11,885 )

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF (11,885 )
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 1,990

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 300 300