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REGISTERED NUMBER: 07217772 (England and Wales)





FINANCIAL STATEMENTS

FOR THE PERIOD

1ST MARCH 2024 TO 31ST OCTOBER 2024

FOR

ROFTEK LIMITED

ROFTEK LIMITED (REGISTERED NUMBER: 07217772)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROFTEK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024







DIRECTORS: A J T Scott
Ms S E Deverell





REGISTERED OFFICE: Unit1c Cotswold Buildings Barnwood Point
Corinium Avenue
Gloucester
Gloucestershire
GL4 3HX





REGISTERED NUMBER: 07217772 (England and Wales)





AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

ROFTEK LIMITED (REGISTERED NUMBER: 07217772)

BALANCE SHEET
31ST OCTOBER 2024

2024 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 233,330 266,444

CURRENT ASSETS
Stocks 507,018 536,423
Debtors 5 443,264 317,485
Cash at bank 225,757 325,264
1,176,039 1,179,172
CREDITORS
Amounts falling due within one year 6 381,664 364,302
NET CURRENT ASSETS 794,375 814,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,027,705

1,081,314

PROVISIONS FOR LIABILITIES 43,909 51,418
NET ASSETS 983,796 1,029,896

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 983,696 1,029,796
SHAREHOLDERS' FUNDS 983,796 1,029,896

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 18th March 2025 and were signed on its behalf by:





A J T Scott - Director


ROFTEK LIMITED (REGISTERED NUMBER: 07217772)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024


1. STATEMENT OF COMPLIANCE

Roftek Limited is a private company, limited by shares and incorporated in England and Wales. The address of the registered office is Unit 1c Cotswold Buildings Barnwood Point, Corinium Avenue, Gloucester, Gloucestershire, United Kingdom, GL4 3HX. The registration number is 07217772.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial period was shorten to the 31st October to be coterminous with its ultimate parent company. As a result the comparatives are not entirely comparable.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

On the sale of goods income is recognised at the point that the goods are dispatched to the customer.

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 - 33% on cost, 20% on cost and 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance and 20% on cost
Computer equipment - 33% 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 period 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.


ROFTEK LIMITED (REGISTERED NUMBER: 07217772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 12 (2024 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st March 2024 375,406 54,156 83,835 22,800 536,197
Additions 16,111 1,485 - 883 18,479
Disposals (1,174 ) (6,318 ) - (10,080 ) (17,572 )
At 31st October 2024 390,343 49,323 83,835 13,603 537,104
DEPRECIATION
At 1st March 2024 186,075 38,015 28,829 16,834 269,753
Charge for period 37,128 2,932 7,869 3,503 51,432
Eliminated on disposal (1,174 ) (6,171 ) - (10,066 ) (17,411 )
At 31st October 2024 222,029 34,776 36,698 10,271 303,774
NET BOOK VALUE
At 31st October 2024 168,314 14,547 47,137 3,332 233,330
At 29th February 2024 189,331 16,141 55,006 5,966 266,444

ROFTEK LIMITED (REGISTERED NUMBER: 07217772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 290,454 253,584
Amounts owed by group undertakings 88,788 -
Prepayments and accrued income 64,022 63,901
443,264 317,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade creditors 206,480 116,308
Tax - 20,395
Social security and other taxes 18,311 22,240
VAT 26,179 17,676
Other creditors 9,889 7,352
Accruals and deferred income 120,805 180,331
381,664 364,302

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2024
£    £   
Within one year 49,025 49,025
Between one and five years 69,542 102,135
118,567 151,160

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1st March 2024 1,029,796
Profit for the period 137,560
Dividends (183,660 )
At 31st October 2024 983,696

ROFTEK LIMITED (REGISTERED NUMBER: 07217772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024


10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for opinion
We were not appointed as auditor of the company until after 29th February 2024 and thus did not observe the counting of the physical stock at the end of the year. We were unable to satisfy ourselves by alternative means concerning the stock quantities held at 29th February 2024, which are included in the balance sheet at £536,423, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary. We attended a stock count for the period ended 31st October 2024 and confirmed that the stock system and controls were reasonable.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Harriet Sergeant BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited

11. PENSION COMMITMENTS

Included in other creditors is unpaid pension contributions of £2,246 (2024: £1,855).

12. CONTINGENT LIABILITIES

Roftek Limited was the co defendant in a litigation case which was resolved and discontinued post year end. Roftek received the benefit of a full indemnity in respect of the terms of the settlement.

13. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parent company is Noar, Limited, a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Estate Office Rotherfield Park Estate, East Tisted, Alton, England, GU34 3QN. The registration number is 10520077.

The immediate parent company is Roftek Holdings Limited, a private company, limited by shares, incorporated in England and Wales. The address of the registered office is the same as Noar, Limited. The registration number is 13227138.

The smallest and largest group which results are consolidated is that headed by Noar, Limited. The consolidated financial statements are available to the public and can be obtained from Companies House.