IRIS Accounts Production v25.1.4.42 02105739 Board of Directors 1.12.23 30.11.24 30.11.24 Medium entities supplying and manufacturing U.P.V.C windows. true true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Fair value model Ordinary 1.00000 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REGISTERED NUMBER: 02105739 (England and Wales)















ROUNDBRAND LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2024






ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Cash Flow Statement 14

Notes to the Cash Flow Statement 15

Notes to the Financial Statements 17


ROUNDBRAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: J R Hilton
M G Williams
T Williams
A Hale





REGISTERED OFFICE: Cow House Lane
Armthorpe
Doncaster
South Yorkshire
DN3 3EE





REGISTERED NUMBER: 02105739 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024


The directors present their strategic report for the year ended 30 November 2024.

The results for the year and financial position of the company are as shown in the annexed financial statements.

The directors consider the state of the business to be satisfactory.

REVIEW OF BUSINESS
The main activity of Roundbrand Limited ("the Company") is the manufacture and production of UPVC windows and doors along with manufacture of toughened glass.

The strategy of the Company is to produce a high quality product whilst maintaining strong customer relationships with effectively managed employees.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors consider that the principal risks the company face are:

Business Risk
· The failure of suppliers to deliver window components on time;
· Adverse changes in the industry.

Price Risk
The company prices up individual jobs as orders are received to ensure the job is financially viable and to mitigate the risk that the company fails to properly match sales prices to purchase prices. This procedure ensures that the business maintains its trading margins and limits its exposure to variations in market prices.

Credit Risk
The company monitors outstanding balances on a monthly basis to identify potential problems and liaises with its customers. If this does not resolve the problem debt collection proceedings are initiated in order to minimise credit risk.

FINANCIAL KEY PERFORMANCE INDICATORS
2024 2023
£ £
Turnover 12,799,465 13,683,866
Gross Profit 3,379,113 3,417,462
Gross Profit Percentage 26.40% 24.97%
Net Profit/(Loss) before Tax 735,862 854,076
Cash at Bank and in hand 1,492,586 853,459
Net Assets 5,549,102 5,193,025
Net Current Assets 2,144,783 1,468,685


LIQUIDITY
The directors control and monitor the company's cash flow on a regular basis.


ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024

EMPLOYEES
The company continues to seek to recruit good quality staff and to adopt progressive policies of internal and external training so as to maximise their performance.

The company gives full and fair consideration to employment applications from disabled persons. Where an employee becomes disabled, arrangements are made wherever practicable to continue employment by identifying an available job suited to that person's capabilities and providing any necessary retraining.

ENVIRONMENT
The company endeavours to minimise any adverse impact of its activities on the environment.

ON BEHALF OF THE BOARD:





M G Williams - Director


2 June 2025

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 NOVEMBER 2024


The directors present their report with the financial statements of the company for the year ended 30 November 2024.

DIVIDENDS
The total distribution of dividends for the year ended 30 November 2024 will be £ 200,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2023 to the date of this report.

J R Hilton
M G Williams
T Williams
A Hale

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 NOVEMBER 2024


AUDITORS
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





M G Williams - Director


2 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROUNDBRAND LIMITED


Opinion
We have audited the financial statements of Roundbrand Limited (the 'company') for the year ended 30 November 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 November 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
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 Auditors' 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 opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROUNDBRAND LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROUNDBRAND LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company, we identified that the principal risks of non-compliance with laws and
regulations related to construction, building and corporation tax legislation and we considered the extent to which
non-compliance might have a material effect on the financial statements. As part of this assessment we considered both quantitative and qualitative factors. We also considered those laws and regulations that have a direct impact on the preparation on the financial statements, such as the Companies Act 2006 and FRS 102.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements which included the risk of management override of controls. We determined that the principal risks were related to posting inappropriate journal entries, omitting, advancing or delaying recognition of events and transactions that have occurred during or after the reporting period, and potential management bias in the determination of accounting estimates or judgements to manipulate results.

Audit procures performed by the engagement team include:
- Enquiring of and obtaining written representation from management in relation to known or suspected instances of
non-compliance with laws and regulations and fraud;
- Enquiring of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and
regulations;
- Evaluation of management's controls designed to prevent and detect irregularities;
- Identifying and, where relevant, testing journal entries posted by senior management or with unusual combinations;
- Assessing and evaluating the business rationale of significant transactions outside the normal course of business;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable laws and regulations;
- Review of correspondence with regulators in so far as they are related to the financial statements;
- Incorporating elements of unpredictability into the nature, timing and/or extent of audit procedures performed.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with
laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROUNDBRAND LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Andrew Cribb FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

2 June 2025

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

INCOME STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 12,799,465 13,683,866

Cost of sales 9,420,352 10,266,404
GROSS PROFIT 3,379,113 3,417,462

Administrative expenses 2,770,044 2,672,977
609,069 744,485

Other operating income 112,697 110,515
OPERATING PROFIT 5 721,766 855,000

Interest receivable and similar income 15,661 1,863
737,427 856,863

Interest payable and similar expenses 6 1,565 2,787
PROFIT BEFORE TAXATION 735,862 854,076

Tax on profit 7 179,785 229,807
PROFIT FOR THE FINANCIAL YEAR 556,077 624,269

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 NOVEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 556,077 624,269


OTHER COMPREHENSIVE INCOME
Deferred tax on revaluation reserve - (24,483 )
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

-

(24,483

)
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

556,077

599,786

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 1,819,004 1,866,879
Investments 10 100,001 100,001
Investment property 11 1,802,098 2,105,805
3,721,103 4,072,685

CURRENT ASSETS
Stocks 12 942,667 864,053
Debtors 13 1,529,976 1,830,300
Cash at bank and in hand 1,492,586 853,459
3,965,229 3,547,812
CREDITORS
Amounts falling due within one year 14 1,820,446 2,079,127
NET CURRENT ASSETS 2,144,783 1,468,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,865,886

5,541,370

CREDITORS
Amounts falling due after more than one year 15 (106,079 ) (127,833 )

PROVISIONS FOR LIABILITIES 18 (210,705 ) (220,512 )
NET ASSETS 5,549,102 5,193,025

CAPITAL AND RESERVES
Called up share capital 19 35,000 35,000
Revaluation reserve 20 652,315 659,633
Retained earnings 20 4,861,787 4,498,392
SHAREHOLDERS' FUNDS 5,549,102 5,193,025

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





M G Williams - Director


ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 December 2022 35,000 4,174,123 684,116 4,893,239

Changes in equity
Dividends - (300,000 ) - (300,000 )
Total comprehensive income - 624,269 (24,483 ) 599,786
Balance at 30 November 2023 35,000 4,498,392 659,633 5,193,025

Changes in equity
Dividends - (200,000 ) - (200,000 )
Total comprehensive income - 563,395 (7,318 ) 556,077
Balance at 30 November 2024 35,000 4,861,787 652,315 5,549,102

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 874,789 852,660
Interest paid (1,565 ) (2,787 )
Tax paid (201,308 ) (134,771 )
Net cash from operating activities 671,916 715,102

Cash flows from investing activities
Purchase of tangible fixed assets (127,725 ) (180,906 )
Purchase of investment property (4,920 ) (22,517 )
Sale of tangible fixed assets 10,574 -
Sale of fixed asset investments 66,431 -
Sale of investment property 308,627 -
Interest received 15,661 1,863
Net cash from investing activities 268,648 (201,560 )

Cash flows from financing activities
Loan repayments in year - (127,273 )
Intercompany loan movement (28,524 ) 3,504
Capital repayments in year (28,818 ) (38,104 )
Amount introduced by directors 85,720 -
Amount withdrawn by directors (129,815 ) (3,484 )
Equity dividends paid (200,000 ) (300,000 )
Net cash from financing activities (301,437 ) (465,357 )

Increase in cash and cash equivalents 639,127 48,185
Cash and cash equivalents at beginning of
year

2

853,459

805,274

Cash and cash equivalents at end of year 2 1,492,586 853,459

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 735,862 854,076
Depreciation charges 163,999 174,422
Profit on disposal of fixed assets (65,404 ) -
Finance costs 1,565 2,787
Finance income (15,661 ) (1,863 )
820,361 1,029,422
(Increase)/decrease in stocks (78,614 ) 184,568
Decrease/(increase) in trade and other debtors 300,324 (160,445 )
Decrease in trade and other creditors (167,282 ) (200,885 )
Cash generated from operations 874,789 852,660

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 November 2024
30.11.24 1.12.23
£    £   
Cash and cash equivalents 1,492,586 853,459
Year ended 30 November 2023
30.11.23 1.12.22
£    £   
Cash and cash equivalents 853,459 805,274


ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2024


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.12.23 Cash flow At 30.11.24
£    £    £   
Net cash
Cash at bank and in hand 853,459 639,127 1,492,586
853,459 639,127 1,492,586
Debt
Finance leases (56,652 ) 28,818 (27,834 )
(56,652 ) 28,818 (27,834 )
Total 796,807 667,945 1,464,752

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Roundbrand 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentational and functional currency of these financial statements is sterling. Values are rounded to the nearest pound

At the balance sheet date of 30 November 2024, the company made a profit for the year after tax of £556,077 (2023: £624,269), and had net assets at that date of £5,549,102 (2023: £5,193,025).

The directors are expecting the company's turnover to remain consistent with current levels over the next twelve months and beyond.

The company has cash reserves at the year end of £1,492,586 (2023: £853,459). In the directors opinion, the company has sufficient working capital to enable it to continue to trade and meet its liabilities as they fall due for at least the next twelve months from the date of approval of the financial statements.

The directors believe that the Company is well placed to manage its business risks successfully. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

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 represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 25% on cost
Plant and machinery - 15 - 25% on reducing balance
Equipment & fittings - 15 - 33% on reducing balance
Motor vehicles - 33% on reducing balance

No depreciation is provided on land and buildings as the residual value of land and buildings is greater than the cost stated in the accounts.

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Investments
Investments are included at cost less provision for any impairment.

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 12,799,465 13,683,866
12,799,465 13,683,866

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 3,641,185 3,592,758
Social security costs 307,191 310,487
Other pension costs 120,711 109,926
4,069,087 4,013,171

The average number of employees during the year was as follows:
2024 2023

Production, sales and administration 138 145

2024 2023
£    £   
Directors' remuneration 282,288 27,297

Information regarding the highest paid director for the year ended 30 November 2024 is as follows:
2024
£   
Emoluments etc 99,988

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 147,532 150,634
Depreciation - assets on hire purchase contracts 16,467 23,789
Profit on disposal of fixed assets (65,404 ) -
Auditors' remuneration 5,500 5,000

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Loan interest 1,565 2,787

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 189,592 201,308

Deferred tax (9,807 ) 28,499
Tax on profit 179,785 229,807

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 735,862 854,076
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

183,966

213,519

Effects of:
Expenses not deductible for tax purposes (7,500 ) 7,439
Capital allowances in excess of depreciation - (683 )
Depreciation in excess of capital allowances 1,374 -
allowance effect
Difference due to CT rate change 1,945 11,159

Super deduction - (1,627 )
Total tax charge 179,785 229,807

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 30 November 2024.


ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


7. TAXATION - continued
2023
Gross Tax Net
£    £    £   
Deferred tax on revaluation reserve (24,483 ) - (24,483 )

8. DIVIDENDS
2024 2023
£    £   
Interim 200,000 300,000

9. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 December 2023 1,369,022 32,213 1,250,250
Additions - - 75,156
Disposals - - -
At 30 November 2024 1,369,022 32,213 1,325,406
DEPRECIATION
At 1 December 2023 - 18,785 953,202
Charge for year - 5,955 79,160
Eliminated on disposal - - -
At 30 November 2024 - 24,740 1,032,362
NET BOOK VALUE
At 30 November 2024 1,369,022 7,473 293,044
At 30 November 2023 1,369,022 13,428 297,048

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. TANGIBLE FIXED ASSETS - continued

Equipment Motor
& fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 December 2023 169,369 450,163 3,271,017
Additions - 52,569 127,725
Disposals - (43,243 ) (43,243 )
At 30 November 2024 169,369 459,489 3,355,499
DEPRECIATION
At 1 December 2023 155,987 276,164 1,404,138
Charge for year 6,943 71,941 163,999
Eliminated on disposal - (31,642 ) (31,642 )
At 30 November 2024 162,930 316,463 1,536,495
NET BOOK VALUE
At 30 November 2024 6,439 143,026 1,819,004
At 30 November 2023 13,382 173,999 1,866,879

Cost or valuation at 30 November 2024 is represented by:

Freehold Short Plant and
property leasehold machinery
£    £    £   
Valuation in 2008 308,459 - -
Valuation in 2013 224,402 - -
Cost 836,161 32,213 1,325,406
1,369,022 32,213 1,325,406

Equipment Motor
& fittings vehicles Totals
£    £    £   
Valuation in 2008 - - 308,459
Valuation in 2013 - - 224,402
Cost 169,369 459,489 2,822,638
169,369 459,489 3,355,499

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 December 2023
and 30 November 2024 62,500 79,000 141,500
DEPRECIATION
At 1 December 2023 32,471 53,411 85,882
Charge for year 7,514 8,953 16,467
At 30 November 2024 39,985 62,364 102,349
NET BOOK VALUE
At 30 November 2024 22,515 16,636 39,151
At 30 November 2023 30,029 25,589 55,618

10. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 December 2023
and 30 November 2024 100,001
NET BOOK VALUE
At 30 November 2024 100,001
At 30 November 2023 100,001

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Trilook Limited
Registered office: Cow House Lane, Armthorpe, Doncaster, South Yorkshire, DN3 3ED
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Housestrong Limited
Registered office: Sidings House Sidings Court, Lakeside, Doncaster, South Yorkshire, DN4 5NU
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


11. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 2,105,805
Additions 4,920
Disposals (308,627 )
At 30 November 2024 1,802,098
NET BOOK VALUE
At 30 November 2024 1,802,098
At 30 November 2023 2,105,805

12. STOCKS
2024 2023
£    £   
Stocks 942,667 864,053

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,339,295 1,638,447
Other debtors 9,486 7,937
VAT - 7,458
Prepayments 181,195 176,458
1,529,976 1,830,300

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 16) 21,755 28,819
Trade creditors 783,222 923,811
Amounts owed to group undertakings 145,675 174,199
Tax 189,592 201,308
Social security and other taxes 73,997 82,891
VAT 71 -
Other creditors 35,045 25,051
Directors' current accounts 85,720 129,815
Accrued expenses 485,369 513,233
1,820,446 2,079,127

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 16) 6,079 27,833
Amounts owed to group undertakings 100,000 100,000
106,079 127,833

16. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 21,755 28,819
Between one and five years 6,079 27,833
27,834 56,652

17. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 27,834 56,652

18. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 210,705 220,512

Deferred
tax
£   
Balance at 1 December 2023 220,512
Change in tax rate
Timing differences (9,807 )
Revaluation reserve
Change in tax rate, reval res
Balance at 30 November 2024 210,705

The provision for deferred taxation relates to the tax effects of accelerated capital allowances.

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
35,000 Ordinary £1 35,000 35,000

20. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2023 4,498,392 659,633 5,158,025
Profit for the year 556,077 556,077
Dividends (200,000 ) (200,000 )
Realisation of property revaluation
gain from previous year

7,318

-

7,318

Property revaluation from previous
year

-

(7,318

)

(7,318

)

At 30 November 2024 4,861,787 652,315 5,514,102

21. CONTINGENT LIABILITIES

A cross guarantee exists between all members of the group, in favour of the group's bankers.

22. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 270,450 -

At the year-end, the company had capital commitments for plant and machinery of £270,450 (2023: £NIL).

23. RELATED PARTY DISCLOSURES

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.

During the year, the company paid rent of £48,000 (2023: £36,000) and made sales of £NIL (2023: £NIL) from the ultimate parent undertaking, Armthorpe Glass Limited.

Related party balances with the company at the year end consist of amounts within trade creditors of £NIL (2023: £NIL), and trade debtors £NIL (2023: £NIL).

Included in creditors is £NIL (2023: £129,814.79) due to M Williams (Dec'd), representing the balance due on his directors loan account. The loan is interest free and has no formal repayment terms

ROUNDBRAND LIMITED (REGISTERED NUMBER: 02105739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


24. ULTIMATE CONTROLLING PARTY

The company's issued share capital is majority owned by the ultimate parent company, Armthorpe Glass Limited, a company registered in England and Wales

The ultimate controlling party is the directors of Armthorpe Glass Limited by virtue of holding interest in 100% of the ordinary share capital in Armthorpe Glass Limited.

The group consolidated accounts can be obtained from the Registrar of Companies (England and Wales), Companies House Crown Way, Cardiff, CF14 3UZ.

25. ULTIMATE PARENT COMPANY

The ultimate parent company is Armthorpe Glass Limited. The ultimate controlling party is Mr. J R Hilton by virtue of his 57% shareholding in that company.