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Company registration number: 03254882
ROTEL BRICKWORK LIMITED
Unaudited financial statements
30 September 2024
ROTEL BRICKWORK LIMITED
Contents
Directors and other information
Director's report
Accountant's report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
ROTEL BRICKWORK LIMITED
Directors and other information
Director
Mr M. Stone
Company number 03254882
Registered office 15 Lampits Hill
Corringham
Essex
SS17 9AA
Business address 42 Western Road
Rayleigh
Essex
SS6 7AX
Accountant A.W. Fenn & Co
15 Lampits Hill
Corringham
Essex
SS17 9AA
Bankers Natwest
10 South Street
Romford
Essex
ROTEL BRICKWORK LIMITED
Director's report
Year ended 30th September 2024
The director presents his report and the unaudited financial statements of the company for the year ended 30th September 2024.
Director
The director who served the company during the year was as follows:
Mr M. Stone
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 24 April 2025 and signed on behalf of the board by:
Mr M. Stone
Director
ROTEL BRICKWORK LIMITED
Report to the director on the preparation of the
unaudited statutory financial statements of ROTEL BRICKWORK LIMITED
Year ended 30th September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of ROTEL BRICKWORK LIMITED for the year ended 30th September 2024 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of ROTEL BRICKWORK LIMITED, as a body, in accordance with the terms of my engagement letter dated 12th May 2023. My work has been undertaken solely to prepare for your approval the financial statements of ROTEL BRICKWORK LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than ROTEL BRICKWORK LIMITED and its director as a body for my work or for this report.
It is your duty to ensure that ROTEL BRICKWORK LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ROTEL BRICKWORK LIMITED. You consider that ROTEL BRICKWORK LIMITED is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of ROTEL BRICKWORK LIMITED. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
A.W. Fenn & Co
Chartered Certified Accountants
15 Lampits Hill
Corringham
Essex
SS17 9AA
28th April 2025
ROTEL BRICKWORK LIMITED
Statement of comprehensive income
Year ended 30th September 2024
2024 2023
Note £ £
Turnover 4,482,211 3,377,936
Cost of sales ( 3,309,493) ( 2,704,394)
_______ _______
Gross profit 1,172,718 673,542
Administrative expenses ( 516,055) ( 349,480)
_______ _______
Operating profit 656,663 324,062
Other interest receivable and similar income 366 70
Interest payable and similar expenses ( 21,156) ( 14,184)
_______ _______
Profit before taxation 5 635,873 309,948
Tax on profit ( 35,064) ( 69,555)
_______ _______
Profit for the financial year and total comprehensive income 600,809 240,393
_______ _______
All the activities of the company are from continuing operations.
ROTEL BRICKWORK LIMITED
Statement of financial position
30th September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 6 26,917 8,742
_______ _______
26,917 8,742
Current assets
Debtors 7 185,698 237,552
Cash at bank and in hand 783,942 362,934
_______ _______
969,640 600,486
Creditors: amounts falling due
within one year 8 ( 81,395) ( 128,640)
_______ _______
Net current assets 888,245 471,846
_______ _______
Total assets less current liabilities 915,162 480,588
Creditors: amounts falling due
after more than one year 9 - ( 85,020)
_______ _______
Net assets 915,162 395,568
_______ _______
Capital and reserves
Called up share capital 101 101
Capital redemption reserve 100 100
Profit and loss account 914,961 395,367
_______ _______
Shareholders funds 915,162 395,568
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 24 April 2025 , and are signed on behalf of the board by:
Mr M. Stone
Director
Company registration number: 03254882
ROTEL BRICKWORK LIMITED
Statement of changes in equity
Year ended 30th September 2024
Called up share capital Capital redemption reserve Profit and loss account Total
£ £ £ £
At 1st October 2022 201 - 463,781 463,982
Profit for the year 240,393 240,393
_______ _______ _______ _______
Total comprehensive income for the year - - 240,393 240,393
Dividends paid and payable ( 58,807) ( 58,807)
Cancellation of subscribed capital ( 100) 100 ( 250,000) ( 250,000)
_______ _______ _______ _______
Total investments by and distributions to owners ( 100) 100 ( 308,807) ( 308,807)
_______ _______ _______ _______
At 30th September 2023 and 1st October 2023 101 100 395,367 395,568
Profit for the year 600,809 600,809
_______ _______ _______ _______
Total comprehensive income for the year - - 600,809 600,809
Dividends paid and payable ( 81,215) ( 81,215)
_______ _______ _______ _______
Total investments by and distributions to owners - - ( 81,215) ( 81,215)
_______ _______ _______ _______
At 30th September 2024 101 100 914,961 915,162
_______ _______ _______ _______
ROTEL BRICKWORK LIMITED
Notes to the financial statements
Year ended 30th September 2024
1. General information
The company is a private company limited by shares, registered in Engalnd and Wales. The address of the registered office is 15 Lampits Hill, Corringham, Essex, SS17 9AA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - No provision made
Plant and machinery - 25 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 4 ).
5. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 14,636 6,433
_______ _______
6. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1st October 2023 12,050 16,500 28,550
Additions 10,311 22,500 32,811
_______ _______ _______
At 30th September 2024 22,361 39,000 61,361
_______ _______ _______
Depreciation
At 1st October 2023 7,433 12,375 19,808
Charge for the year 4,886 9,750 14,636
_______ _______ _______
At 30th September 2024 12,319 22,125 34,444
_______ _______ _______
Carrying amount
At 30th September 2024 10,042 16,875 26,917
_______ _______ _______
At 30th September 2023 4,617 4,125 8,742
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 149,962 233,101
Other debtors 35,736 4,451
_______ _______
185,698 237,552
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 16,667
Trade creditors 21,261 24,047
Corporation tax 35,064 69,555
Social security and other taxes 12,739 11,211
Other creditors 12,331 7,160
_______ _______
81,395 128,640
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts - 79,840
Other creditors - 5,180
_______ _______
- 85,020
_______ _______
10. Related party transactions
The company paid dividends totalling £81,215 (2023 £58,807) during the year. The directors receive dividends.
11. Controlling party
The company is controlled by its director Mr M Stone.