IRIS Accounts Production v24.3.2.46 01198838 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011988382023-08-31011988382024-08-31011988382023-09-012024-08-31011988382022-08-31011988382022-09-012023-08-31011988382023-08-3101198838ns15:EnglandWales2023-09-012024-08-3101198838ns14:PoundSterling2023-09-012024-08-3101198838ns10:Director12023-09-012024-08-3101198838ns10:Director22023-09-012024-08-3101198838ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3101198838ns10:SmallEntities2023-09-012024-08-3101198838ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3101198838ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3101198838ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3101198838ns10:FullAccounts2023-09-012024-08-3101198838ns10:OrdinaryShareClass12023-09-012024-08-3101198838ns10:CompanySecretary12023-09-012024-08-3101198838ns10:RegisteredOffice2023-09-012024-08-3101198838ns5:CurrentFinancialInstruments2024-08-3101198838ns5:CurrentFinancialInstruments2023-08-3101198838ns5:ShareCapital2024-08-3101198838ns5:ShareCapital2023-08-3101198838ns5:RetainedEarningsAccumulatedLosses2024-08-3101198838ns5:RetainedEarningsAccumulatedLosses2023-08-3101198838ns5:PlantMachinery2023-09-012024-08-3101198838ns5:FurnitureFittings2023-09-012024-08-3101198838ns5:MotorVehicles2023-09-012024-08-3101198838ns5:ComputerEquipment2023-09-012024-08-3101198838ns5:PlantMachinery2023-08-3101198838ns5:FurnitureFittings2023-08-3101198838ns5:MotorVehicles2023-08-3101198838ns5:ComputerEquipment2023-08-3101198838ns5:PlantMachinery2024-08-3101198838ns5:FurnitureFittings2024-08-3101198838ns5:MotorVehicles2024-08-3101198838ns5:ComputerEquipment2024-08-3101198838ns5:PlantMachinery2023-08-3101198838ns5:FurnitureFittings2023-08-3101198838ns5:MotorVehicles2023-08-3101198838ns5:ComputerEquipment2023-08-3101198838ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3101198838ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3101198838ns5:DeferredTaxation2023-08-3101198838ns5:DeferredTaxation2023-09-012024-08-3101198838ns5:DeferredTaxation2024-08-3101198838ns10:OrdinaryShareClass12024-08-3101198838ns5:RetainedEarningsAccumulatedLosses2023-08-3101198838ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: 01198838 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

E R A Rodman Bros. Limited

E R A Rodman Bros. Limited (Registered number: 01198838)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

E R A Rodman Bros. Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J R Rodman
K R Rodman





SECRETARY: J R Rodman





REGISTERED OFFICE: Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ





REGISTERED NUMBER: 01198838 (England and Wales)





ACCOUNTANTS: Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ

E R A Rodman Bros. Limited (Registered number: 01198838)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,896 87,900

CURRENT ASSETS
Stocks 1,145 1,018
Debtors 5 162,207 182,813
Cash at bank 322,864 338,285
486,216 522,116
CREDITORS
Amounts falling due within one year 6 124,838 100,211
NET CURRENT ASSETS 361,378 421,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,274

509,805

PROVISIONS FOR LIABILITIES 7 20,379 16,999
NET ASSETS 424,895 492,806

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 424,795 492,706
SHAREHOLDERS' FUNDS 424,895 492,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

E R A Rodman Bros. Limited (Registered number: 01198838)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:




J R Rodman - Director



K R Rodman - Director


E R A Rodman Bros. Limited (Registered number: 01198838)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

E R A Rodman Bros. 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.

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.

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

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

Financial Instruments

The Company only enters into basic financial instruments transactions 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.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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 Statement of Comprehensive Income.

E R A Rodman Bros. Limited (Registered number: 01198838)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

E R A Rodman Bros. Limited (Registered number: 01198838)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 169,725 70,722 62,913 13,481 316,841
Additions 18,700 - - 2,104 20,804
At 31 August 2024 188,425 70,722 62,913 15,585 337,645
DEPRECIATION
At 1 September 2023 129,225 64,571 24,911 10,234 228,941
Charge for year 10,511 3,380 9,709 1,208 24,808
At 31 August 2024 139,736 67,951 34,620 11,442 253,749
NET BOOK VALUE
At 31 August 2024 48,689 2,771 28,293 4,143 83,896
At 31 August 2023 40,500 6,151 38,002 3,247 87,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 129,563 108,741
Prepayments and accrued income 32,644 74,072
162,207 182,813

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 15,505 19,247
Tax 32,016 25,823
Social security and other taxes 5,431 2,671
VAT 48,072 40,010
Other creditors 21,822 5,139
Directors' current accounts 1,992 7,321
124,838 100,211

7. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 20,379 16,999

Deferred
tax
£   
Balance at 1 September 2023 16,999
Provided during year 3,380
Balance at 31 August 2024 20,379

E R A Rodman Bros. Limited (Registered number: 01198838)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1-00 100 100

9. RESERVES
Retained
earnings
£   

At 1 September 2023 492,706
Profit for the year 96,089
Dividends (164,000 )
At 31 August 2024 424,795

10. RELATED PARTY DISCLOSURES

The company is controlled by the directors who own all the issued share capital.
The total dividends voted to the directors totalled £164,000
The company has traded from premises owned by the directors. A full commercial rent of £36,000 is payable and at the balance sheet date nil was outstanding.

E R A Rodman Bros. Limited

Report of the Accountants to the Directors of
E R A Rodman Bros. Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ


18 March 2025