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Company Registration No. 10349589 (England and Wales)
Root38 Limited Unaudited accounts for the year ended 31 August 2024
Root38 Limited Unaudited accounts Contents
Page
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Root38 Limited Company Information for the year ended 31 August 2024
Directors
Hugh Kirke Ben Sheehan
Company Number
10349589 (England and Wales)
Registered Office
10 Oak Road Barton Under Needwood Burton-On-Trent DE13 8LR England
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Root38 Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
142,689 
147,019 
Tangible assets
72,004 
92,360 
214,693 
239,379 
Current assets
Cash at bank and in hand
96,467 
41,105 
Creditors: amounts falling due within one year
(248,958)
(250,409)
Net current liabilities
(152,491)
(209,304)
Total assets less current liabilities
62,202 
30,075 
Creditors: amounts falling due after more than one year
- 
(2,063)
Net assets
62,202 
28,012 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
62,102 
27,912 
Shareholders' funds
62,202 
28,012 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by
Hugh Kirke Director Company Registration No. 10349589
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Root38 Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Root38 Limited is a private company, limited by shares, registered in England and Wales, registration number 10349589. The registered office is 10 Oak Road, Barton Under Needwood, Burton-On-Trent, DE13 8LR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
155,679 
At 31 August 2024
155,679 
Amortisation
At 1 September 2023
8,660 
Charge for the year
4,330 
At 31 August 2024
12,990 
Net book value
At 31 August 2024
142,689 
At 31 August 2023
147,019 
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Root38 Limited Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
96,555 
8,396 
6,634 
111,585 
Additions
- 
- 
2,606 
2,606 
At 31 August 2024
96,555 
8,396 
9,240 
114,191 
Depreciation
At 1 September 2023
12,069 
3,269 
3,887 
19,225 
Charge for the year
21,122 
769 
1,071 
22,962 
At 31 August 2024
33,191 
4,038 
4,958 
42,187 
Net book value
At 31 August 2024
63,364 
4,358 
4,282 
72,004 
At 31 August 2023
84,486 
5,127 
2,747 
92,360 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
54,876 
65,583 
Trade creditors
602 
795 
Taxes and social security
17,211 
2,811 
Proposed dividends
- 
410 
Other creditors
- 
1,100 
Loans from directors
175,149 
178,130 
Accruals
1,120 
1,580 
248,958 
250,409 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
2,063 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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