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REGISTERED NUMBER: 08406121 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26 FEBRUARY 2024

FOR

THE ROASTING PARTY LIMITED

THE ROASTING PARTY LIMITED (REGISTERED NUMBER: 08406121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE ROASTING PARTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 26 FEBRUARY 2024







DIRECTOR: Mr K Sinclair





REGISTERED OFFICE: Unit 4 Sun Valley Business Park
Winnall Close
Winchester
Hampshire
SO23 0LB





REGISTERED NUMBER: 08406121 (England and Wales)






THE ROASTING PARTY LIMITED (REGISTERED NUMBER: 08406121)

BALANCE SHEET
26 FEBRUARY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 569,960 679,050

CURRENT ASSETS
Stocks 289,778 203,578
Debtors 6 638,566 603,399
Cash at bank and in hand 12,718 30,740
941,062 837,717
CREDITORS
Amounts falling due within one year 7 895,953 877,655
NET CURRENT ASSETS/(LIABILITIES) 45,109 (39,938 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,069

639,112

CREDITORS
Amounts falling due after more than one
year

8

(138,019

)

(253,427

)

PROVISIONS FOR LIABILITIES (24,439 ) (24,439 )
NET ASSETS 452,611 361,246

CAPITAL AND RESERVES
Called up share capital 10,001 10,001
Retained earnings 442,610 351,245
452,611 361,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





Mr K Sinclair - Director


THE ROASTING PARTY LIMITED (REGISTERED NUMBER: 08406121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 FEBRUARY 2024


1. STATUTORY INFORMATION

The Roasting Party Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% straight line
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

THE ROASTING PARTY LIMITED (REGISTERED NUMBER: 08406121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 FEBRUARY 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 38 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 27 February 2023 346,166 500,289 25,684 16,045 888,184
Additions - 4,118 - 21,338 25,456
At 26 February 2024 346,166 504,407 25,684 37,383 913,640
DEPRECIATION
At 27 February 2023 44,082 157,754 4,281 3,017 209,134
Charge for year 34,617 86,274 6,421 7,234 134,546
At 26 February 2024 78,699 244,028 10,702 10,251 343,680
NET BOOK VALUE
At 26 February 2024 267,467 260,379 14,982 27,132 569,960
At 26 February 2023 302,084 342,535 21,403 13,028 679,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 138,861 182,471
Other debtors 499,705 420,928
638,566 603,399

Included in other debtors is £26,721 (2023: £45,140) in relation to prepayments and accrued income.

THE ROASTING PARTY LIMITED (REGISTERED NUMBER: 08406121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,652 32,080
Hire purchase contracts 5,246 4,736
Trade creditors 347,375 445,581
Taxation and social security 65,609 36,820
Other creditors 444,071 358,438
895,953 877,655

Included in other creditors is £28,646 (2023: £30,512) in relation to accruals and deferred income.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,734 49,436
Hire purchase contracts 16,050 21,295
Other creditors 93,235 182,696
138,019 253,427

The bank loans are secured by the Government (being part of the Coronavirus Bounce Back Loan Scheme).

9. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £253,500.

This amount is in relation to operating lease commitments which are payable over the next 3 years.