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REGISTERED NUMBER: 02294324 (England and Wales)



















ROTO FRANK LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






ROTO FRANK LIMITED (REGISTERED NUMBER: 02294324)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


ROTO FRANK LIMITED (REGISTERED NUMBER: 02294324)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 766,304 440,027
Cash at bank 141 -
766,445 440,027
CREDITORS
Amounts falling due within one year 6 494,306 440,999
NET CURRENT ASSETS/(LIABILITIES) 272,139 (972 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,139

(972

)


CAPITAL AND RESERVES
Called up share capital 3,700,000 3,700,000
Retained earnings (3,427,861 ) (3,700,972 )
SHAREHOLDERS' FUNDS 272,139 (972 )
272,139 (972 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:




F Gimeno - Marti - Director



C Seller - Director


ROTO FRANK LIMITED (REGISTERED NUMBER: 02294324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Roto Frank Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02294324

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements in question cover the individual entity, Roto Frank Limited and not the group.

The audit report was unqualified during the period.

2. 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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
The company generates its income from the sale of door and window hardware products.

Turnover represents the net invoiced sales of goods, excluding value added tax.

Revenue is recognised upon dispatch from the warehouse at which point title and risk passes to the customer.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & office equipment- 20% on cost
E.D.P. facility- 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


ROTO FRANK LIMITED (REGISTERED NUMBER: 02294324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at an average rate of exchange. Exchange differences are taken into account in arriving at the operating result.


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.

Going concern
It is the expectation of the Directors that the company will be able to meet its liabilities as they fall due over a period of at least 12 months.

The directors believe that with the help and continued support from the parent company Roto Frank Fenster - und Turtechnologie GmbH, the company will be able to manage its business risks successfully and that the company has adequate resources to continue in operational existence for the foreseeable future. Additionally, the ultimate parent company, Roto Frank Holding AG has provided a letter of support, providing comfort to the board of directors.The directors are therefore of the opinion that it is appropriate to prepare the accounts on a going concern basis.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

ROTO FRANK LIMITED (REGISTERED NUMBER: 02294324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
office E.D.P.
equipment Facility Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 86,980 2,681 89,661
DEPRECIATION
At 1 January 2024
and 31 December 2024 86,980 2,681 89,661
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 127,394 257,920
Other debtors 638,910 182,107
766,304 440,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,306 32,280
Taxation and social security 269,183 237,678
Other creditors 203,817 171,041
494,306 440,999

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 35,896 72,123
Between one and five years 9,608 26,735
45,504 98,858

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Domenico Maurello FCCA (Senior Statutory Auditor)
for and on behalf of Keelings Limited

ROTO FRANK LIMITED (REGISTERED NUMBER: 02294324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. PENSION COMMITMENTS

The company contributes to pension schemes for the benefit of its employees. The pension charge represents contributions payable for the year by the company and amounts to £16,605 (2023: £8,016). Pension contributions owed at the balance sheet date is nil.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

No individual shareholder has overall control of the ultimate parent company, Roto Frank Holding AG.

Roto Frank Holding AG prepares group financial statements and copies can be obtained from:

Roto Frank Holding AG,
Wilhelm-Frank-Platz 1
D-70771 Leinfelden-Echterdingen
Germany.