Registered number
08335638
Rosan & Company Limited
Unaudited Filleted Accounts
31 December 2024
Rosan & Company Limited
Registered number: 08335638
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 113,821 74,267
Current assets
Debtors 4 23,139 38,723
Cash at bank and in hand 305,388 250,857
328,527 289,580
Creditors: amounts falling due within one year 5 (95,837) (71,273)
Net current assets 232,690 218,307
Total assets less current liabilities 346,511 292,574
Creditors: amounts falling due after more than one year 6 (2,140) (7,549)
Provisions for liabilities (20,132) (12,521)
Net assets 324,239 272,504
Capital and reserves
Called up share capital 1 1
Profit and loss account 324,238 272,503
Shareholder's funds 324,239 272,504
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Rosan
Director
Approved by the board on 11 June 2025
Rosan & Company Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Fixtures and fittings 25% reducing balance
Computer equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Computer equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 January 2024 31,918 97,977 10,615 95,152 235,662
Additions - 5,735 1,055 63,535 70,325
Disposals - - - (41,895) (41,895)
At 31 December 2024 31,918 103,712 11,670 116,792 264,092
Depreciation
At 1 January 2024 24,174 64,444 5,973 66,804 161,395
Charge for the year 1,936 9,259 1,237 12,290 24,722
On disposals - - - (35,846) (35,846)
At 31 December 2024 26,110 73,703 7,210 43,248 150,271
Net book value
At 31 December 2024 5,808 30,009 4,460 73,544 113,821
At 31 December 2023 7,744 33,533 4,642 28,348 74,267
4 Debtors 2024 2023
£ £
Trade debtors 15,970 33,176
Other debtors 7,169 5,547
23,139 38,723
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan 5,429 5,296
Trade creditors 33,204 6,658
Taxation and social security costs 47,008 33,150
Other creditors 10,196 26,169
95,837 71,273
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 2,140 7,549
7 Other information
Rosan & Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Arlington Road West
Hailsham
East Sussex
England
BN27 3RE
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