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Registered Number: 12165627
England and Wales

 

 

 

ROPETEK LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Directors Andrew Terrance Cuff
Ben Francis
Registered Number 12165627
Registered Office Unit 5
Russell Town Ave Ind Est
Bristol
BS5 9LT
Accountants GD Matthews Chartered Certified Accountants
Shortwood Mead
Whitehouse Lane
Litton
BA3 4PS
1
Report to the directors on the preparation of the unaudited statutory accounts of Ropetek Ltd for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ropetek Ltd for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Ropetek Ltd, as a body, in accordance with the terms of our engagement letter dated 18 February 2025 Our work has been undertaken solely to prepare for your approval the accounts of Ropetek Ltd and state those matters that we have agreed to state to the Board of Directors of Ropetek Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ropetek Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ropetek Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ropetek Ltd. You consider that Ropetek Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Ropetek Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2024



....................................................
GD Matthews Chartered Certified Accountants
Shortwood Mead
Whitehouse Lane
Litton
BA3 4PS
18 February 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 27,933    13,706 
27,933    13,706 
Current assets      
Debtors 4 393,918    144,084 
Cash at bank and in hand 65,504    65,022 
459,422    209,106 
Creditors: amount falling due within one year 5 (249,123)   (89,746)
Net current assets 210,299    119,360 
 
Total assets less current liabilities 238,232    133,066 
Creditors: amount falling due after more than one year 6   (3,333)
Net assets 238,232    129,733 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 238,230    129,731 
Shareholders' funds 238,232    129,733 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 18 February 2025 and were signed on its behalf by:


-------------------------------
Andrew Terrance Cuff
Director
3
General Information
Ropetek Ltd is a private company, limited by shares, registered in England and Wales, registration number 12165627, registration address Unit 5, Russell Town Ave Ind Est, Bristol, BS5 9LT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 September 2023   14,833    4,601    19,434 
Additions 467    19,250    2,079    21,796 
Disposals      
At 31 August 2024 467    34,083    6,680    41,230 
Depreciation
At 01 September 2023   5,253    475    5,728 
Charge for year 107    5,792    1,670    7,569 
On disposals      
At 31 August 2024 107    11,045    2,145    13,297 
Net book values
Closing balance as at 31 August 2024 360    23,038    4,535    27,933 
Opening balance as at 01 September 2023   9,580    4,126    13,706 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 145,552    51,264 
Other Debtors 248,366    92,820 
393,918    144,084 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 10,191    2,289 
Bank Loans & Overdrafts 2,500    2,500 
Corporation Tax 129,769    55,896 
PAYE & Social Security 350    95 
CIS Control Account 102,091    15,303 
Other Creditors   1 
Wages & Salaries Control Account 96    72 
Directors' Current Accounts 11,970    14,519 
VAT (7,844)   (929)
249,123    89,746 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts   3,333 
  3,333 

4