| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1ST MARCH 2024 TO 31ST OCTOBER 2024 |
| FOR |
| ROFTEK LIMITED |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st March 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31st October 2024 |
| DEPRECIATION |
| At 1st March 2024 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31st October 2024 |
| NET BOOK VALUE |
| At 31st October 2024 |
| At 29th February 2024 |
| 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 |
| Amounts owed by group undertakings |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 26,179 | 17,676 |
| Other creditors |
| Accruals and deferred income |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2024 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st March 2024 |
| Profit for the period |
| Dividends | ( |
) |
| At 31st October 2024 |
| 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. |
| for and on behalf of |
| 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. |