Registration number:
Roots Admin Ltd
for the Period from 13 October 2023 to 31 October 2024
Roots Admin Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Roots Admin Ltd
Company Information
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Directors |
Peter Francis Alexander Phillips Anton Slavchev Stoyanov Jonathan Cummins Ibe Akoh |
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Registration number |
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Registered office |
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Accountants |
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Roots Admin Ltd
(Registration number: 15208651)
Balance Sheet as at 31 October 2024
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Note |
2024 |
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Fixed assets |
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Intangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
10 |
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Retained earnings |
(14,849) |
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Shareholders' deficit |
(14,839) |
For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Jonathan Cummins
Director
Roots Admin Ltd
Notes to the Unaudited Financial Statements for the Period from 13 October 2023 to 31 October 2024
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
3 School Hill
Cirencester
Gloucestershire
GL7 2LS
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.
Going concern
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life. Amortisation is not currently being provided as the asset is still in development and is not in use by the business.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Roots Admin Ltd
Notes to the Unaudited Financial Statements for the Period from 13 October 2023 to 31 October 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Intangible assets |
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Software development costs |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 31 October 2024 |
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Amortisation |
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Carrying amount |
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At 31 October 2024 |
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The Company is in the process of developing computer software. The asset is not yet completed nor in use by the Company as at 31 October 2024. Amortisation will be provided once the asset is fully developed and in use.
Roots Admin Ltd
Notes to the Unaudited Financial Statements for the Period from 13 October 2023 to 31 October 2024
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Debtors |
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Current |
2024 |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
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No. |
£ |
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7 |
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3 |
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