Registered number
10339293
Rovatech Limited
Filleted Accounts
31 August 2024
Rovatech Limited
Registered number: 10339293
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 38,173 47,438
Investments 4 244,041 208,513
282,214 255,951
Current assets
Debtors 5 60,264 73,872
Cash at bank and in hand 182,015 131,072
242,279 204,944
Creditors: amounts falling due within one year 7 (45,919) (44,197)
Net current assets 196,360 160,747
Total assets less current liabilities 478,574 416,698
Provisions for liabilities (8,398) (11,860)
Net assets 470,176 404,838
Capital and reserves
Called up share capital 100 100
Profit and loss account 470,076 404,738
Shareholder's funds 470,176 404,838
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 his 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.
R M Vora
Director
Approved by the board on 7 May 2025
Rovatech Limited
Notes to the Accounts
for the year ended 31 August 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:
Plant and machinery over 4 and 5 years
Fixtures, fittings, tools and equipment over 4 and 5 years
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.
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 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 7,268 57,090 64,358
Additions 4,219 - 4,219
At 31 August 2024 11,487 57,090 68,577
Depreciation
At 1 September 2023 5,502 11,418 16,920
Charge for the year 2,066 11,418 13,484
At 31 August 2024 7,568 22,836 30,404
Net book value
At 31 August 2024 3,919 34,254 38,173
At 31 August 2023 1,766 45,672 47,438
4 Investments
Other
investments
£
Cost
At 1 September 2023 208,513
Additions 258
Revaluation 35,270
At 31 August 2024 244,041
5 Debtors 2024 2023
£ £
Trade debtors 60,264 73,872
6 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 35,270 8,513
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,691 803
Taxation and social security costs 38,595 42,094
Other creditors 4,633 1,300
45,919 44,197
8 Controlling party
The company is controlled by Mr R Vora.
9 Other information
Rovatech Limited is a private company limited by shares and incorporated in England. Its registered office is:
50 Hoyland Road
Hoyland Common
Barnsley
South Yorkshire
S74 0PB
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