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Registered number: 01547400










ROLTON GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ROLTON GROUP LIMITED
REGISTERED NUMBER: 01547400

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
159,803
113,000

Current assets
  

Stocks
 6 
119,331
164,039

Debtors: amounts falling due within one year
 7 
2,496,547
2,568,917

Cash at bank and in hand
 8 
721,538
282,707

  
3,337,416
3,015,663

Creditors: amounts falling due within one year
 9 
(1,281,723)
(1,191,635)

Net current assets
  
 
 
2,055,693
 
 
1,824,028

Total assets less current liabilities
  
2,215,496
1,937,028

Creditors: amounts falling due after more than one year
 10 
(47,692)
-

Net assets
  
2,167,804
1,937,028


Capital and reserves
  

Called up share capital 
  
15,147
15,147

Share premium account
  
646
646

Capital redemption reserve
  
2,053
2,053

Profit and loss account
  
2,149,958
1,919,182

  
2,167,804
1,937,028


Page 1

 
ROLTON GROUP LIMITED
REGISTERED NUMBER: 01547400
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
C Smith
Director

Date: 26 June 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ROLTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Rolton Group Limited is a private company limited by shares and is incorporated and domiciled in England. The address of its registered office is The Charles Parker Building, Midland Road, Higham Ferrers, Northamptonshire, NN10 8DN. The Company's functional and presentational currency is GBP.
The principal activity of the Company during the year was that of multidisciplinary professional engineers, strategists, advisors and designers of the built environmnent, energy and carbon management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The Directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment.
 
Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ROLTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ROLTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using different methods listed below.

Depreciation is provided on the following basis:

Leasehold property improvements
-
Straight line over the term of the lease
Other fixed assets
-
5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
ROLTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 68 (2023 - 73).

Page 6

 
ROLTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Dividends

2024
2023
£
£



Declared and paid
-
410,000

During the year the Company paid a dividend of £nil (2023: £410,000) to facilitate a repurchase of shares by its parent undertaking, Rolton Holdings Limited. 


5.


Tangible fixed assets





Leasehold property improvements
Other fixed assets
Total

£
£
£



Cost


At 1 October 2023
189,905
873,755
1,063,660


Additions
-
95,852
95,852


Disposals
-
(66,628)
(66,628)



At 30 September 2024

189,905
902,979
1,092,884



Depreciation


At 1 October 2023
187,902
762,758
950,660


Charge for the year on owned assets
2,003
47,046
49,049


Disposals
-
(66,628)
(66,628)



At 30 September 2024

189,905
743,176
933,081



Net book value



At 30 September 2024
-
159,803
159,803



At 30 September 2023
2,003
110,997
113,000

Page 7

 
ROLTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Stocks

2024
2023
£
£

Long-term contract balances
119,331
164,039


Long-term contract balances consist of:

2024
2023
£
£


Costs to date less provision for losses
179,283
319,861

Applicable payments on account
(59,952)
(155,822)

119,331
164,039



7.


Debtors

2024
2023
£
£


Trade debtors
1,325,860
1,094,516

Amounts owed by group undertakings
824,864
693,537

Other debtors
56,573
314,003

Prepayments and accrued income
277,278
389,060

Deferred taxation
11,972
77,801

2,496,547
2,568,917



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
721,538
282,707


Page 8

 
ROLTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
84,524
82,537

Trade creditors
373,600
533,815

Corporation tax
41,010
-

Other taxation and social security
358,768
316,640

Obligations under hire purchase contracts
23,756
-

Other creditors
23,811
22,834

Accruals and deferred income
376,254
235,809

1,281,723
1,191,635


The obligations under hire purchase contracts are secured over the assets to which they relate.


10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under hire purchase contracts
47,692
-


The obligations under hire purchase contracts are secured over the assets to which they relate.


11.


Deferred taxation




2024
2023


£

£






At beginning of year
77,801
140,877


Charged to profit or loss
(65,829)
(63,076)



At end of year
11,972
77,801

Page 9

 
ROLTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
11.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2024
2023
£
£


Fixed asset timing differences
7,645
4,182

Other short term timing differences
4,327
-

Tax losses carried forward
-
73,619

11,972
77,801


12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. At the year end the liability outstanding was £17,307 (2023 - £13,670) and is included in accruals and deferred income.


13.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
99,500
104,976

Later than 1 year and not later than 5 years
250,500
350,000

350,000
454,976


14.


Related party transactions

The company has taken advantage of the exemptions available under FRS102 section 1A not to report transactions with wholly owned group members.


15.


Controlling party

The company is a wholly owned subsidary of Rolton Holdings Limited. Rolton Holdings Limited is registered in England and has the same registered address as the Company.

 
Page 10