Company registration number 08121734 (England and Wales)
ROADMARKING EXCEL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
ROADMARKING EXCEL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ROADMARKING EXCEL LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
305,734
405,181
Investments
4
2
2
305,736
405,183
Current assets
Stocks
10,000
22,648
Debtors
5
483,840
382,338
Cash at bank and in hand
93,691
189,697
587,531
594,683
Creditors: amounts falling due within one year
6
(201,070)
(216,557)
Net current assets
386,461
378,126
Total assets less current liabilities
692,197
783,309
Creditors: amounts falling due after more than one year
7
(8,611)
(22,920)
Provisions for liabilities
(59,629)
(80,707)
Net assets
623,957
679,682
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
623,956
679,681
Total equity
623,957
679,682

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ROADMARKING EXCEL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 April 2025 and are signed on its behalf by:
Mr G E Long
Mr B Louden
Director
Director
Company registration number 08121734 (England and Wales)
ROADMARKING EXCEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

Roadmarking Excel Limited is a private company limited by shares incorporated in England and Wales. The registered office and principal place of business is Cherrytrees Ruckinge Road, Bilsington, Ashford, Kent, TN25 7JX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents revenue earned for goods and services provided to clients. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under contracts. It is measured at the fair value of the right to consideration which represents amounts chargeable to clients, including recoverable expenses and disbursements, but excluding VAT. For incomplete contracts, an assessment is made of the extent to which revenue has been earned. This assessment takes into account the nature of the assignment, its stage of completion and the relevant contract terms. Unbilled revenue is included in debtors, under "other debtors".

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
10% straight line
Plant and machinery
20% reducing balance
Motor vehicles
25% reducing balance
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

ROADMARKING EXCEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stock is valued at the lower of cost and net realisable value. At each reporting date, an assessment is made for impairment.

1.6
Financial instruments

The company has elected to apply the recognition and measurement provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Taxation

The tax expense represents the sum of the tax currently payable or receivable and deferred tax.

Current tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.8
Leasing and hire purchase commitments

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful lives. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges so as to achieve a constant rate of interest on the remaining balance of the liability.

1.9
Government grants

Government grants are recognised as income at the amount received or receivable when there is reasonable assurance that the grant conditions will be met and the grant will be received. Grants under the Coronavirus Job Retention Scheme are recognised over the periods in which the related costs are incurred.

 

ROADMARKING EXCEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
16
14
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2023 and 31 July 2024
10,436
841,882
852,318
Depreciation and impairment
At 1 August 2023
7,022
440,115
447,137
Depreciation charged in the year
1,044
98,403
99,447
At 31 July 2024
8,066
538,518
546,584
Carrying amount
At 31 July 2024
2,370
303,364
305,734
At 31 July 2023
3,414
401,767
405,181
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2
2
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
319,912
237,390
Other debtors
163,928
144,948
483,840
382,338

Other debtors includes an amount of £106,055 (2023 - £66,171) due from the directors to the company. The majority of these amounts were repaid subsequent to the year end.

ROADMARKING EXCEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
60,479
46,013
Taxation and social security
79,650
57,292
Other creditors
50,941
103,252
201,070
216,557

Included within other creditors is £1,873 (2023: £45,117) due under hire purchase contracts, which are secured on the associated fixed assets.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
8,611
19,167
Other creditors
-
0
3,753
8,611
22,920

Other creditors are due under hire purchase contracts and are secured on the associated fixed assets.

 

Bank loans and overdrafts represents an unsecured bank loan, repayable over 60 months and carrying interest at 2.5% per annum.

8
Directors' transactions

During the year the company made advances totalling £84,452 (2023 - £89,229) to two directors (jointly) and £63,512 (2023 - £80,265) to another director. Repayments totalling £61,480 (2023 - £104,489) and £46,600 (2023 - £90,250), respectively, were made in respect of these advances and brought forward balances, where appropriate. The overdrawn balances incurred interest at HMRC approved rates.

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