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REGISTERED NUMBER: 08760698 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 30 SEPTEMBER 2024

FOR

ROAN FABRICATION LIMITED

ROAN FABRICATION LIMITED (REGISTERED NUMBER: 08760698)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 January 2024 to 30 September 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROAN FABRICATION LIMITED

COMPANY INFORMATION
For The Period 1 January 2024 to 30 September 2024







DIRECTORS: G J Oxley
Ms G Plain





REGISTERED OFFICE: 11 Holkham Road
Orton Southgate
Peterborough
Cambridgeshire
PE2 6TE





REGISTERED NUMBER: 08760698 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

ROAN FABRICATION LIMITED (REGISTERED NUMBER: 08760698)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 690,593 718,703
690,593 718,703

CURRENT ASSETS
Stocks 56,700 56,700
Debtors 7 237,581 95,760
Cash at bank and in hand 246 37,916
294,527 190,376
CREDITORS
Amounts falling due within one year 8 276,441 203,215
NET CURRENT ASSETS/(LIABILITIES) 18,086 (12,839 )
TOTAL ASSETS LESS CURRENT LIABILITIES 708,679 705,864

CREDITORS
Amounts falling due after more than one
year

9

(187,621

)

(67,000

)

PROVISIONS FOR LIABILITIES (172,648 ) (179,751 )
NET ASSETS 348,410 459,113

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 348,408 459,111
SHAREHOLDERS' FUNDS 348,410 459,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ROAN FABRICATION LIMITED (REGISTERED NUMBER: 08760698)

STATEMENT OF FINANCIAL POSITION - continued
30 September 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





R J Roan - Director


ROAN FABRICATION LIMITED (REGISTERED NUMBER: 08760698)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 January 2024 to 30 September 2024


1. STATUTORY INFORMATION

Roan Fabrication 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 10% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


ROAN FABRICATION LIMITED (REGISTERED NUMBER: 08760698)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2024 to 30 September 2024


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Material uncertainties relating to going concern
The coronavirus pandemic has significantly disrupted individuals' personal lives and businesses' economic prospects in the UK and across the globe. The UK entered lockdown in March 2020 and some restrictions and social distancing provisions remain in place.

Despite trading difficulties, we have managed to conserve sufficient cash to ensure that the business has continued to serve customers and to act responsibly with suppliers and employees. We have taken advantage of government assistance including the Coronavirus Job Retention Scheme.

We have continued to prepare the accounts on a going concern basis and deem this appropriate. We do not consider that a material uncertainty about our going concern status currently exists. In making this assessment we have considered the likely trading conditions for a period of twelve months from the date of our approval of these accounts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 9 ) .

ROAN FABRICATION LIMITED (REGISTERED NUMBER: 08760698)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2024 to 30 September 2024


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 30 September 2024 195,000
AMORTISATION
At 1 January 2024
and 30 September 2024 195,000
NET BOOK VALUE
At 30 September 2024 -
At 31 December 2023 -

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 86,890 1,159,104 1,245,994
Additions - 296,521 296,521
Disposals - (377,383 ) (377,383 )
At 30 September 2024 86,890 1,078,242 1,165,132
DEPRECIATION
At 1 January 2024 68,278 459,013 527,291
Charge for period 1,163 91,846 93,009
Eliminated on disposal - (145,761 ) (145,761 )
At 30 September 2024 69,441 405,098 474,539
NET BOOK VALUE
At 30 September 2024 17,449 673,144 690,593
At 31 December 2023 18,612 700,091 718,703

ROAN FABRICATION LIMITED (REGISTERED NUMBER: 08760698)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2024 to 30 September 2024


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 376,644
Additions 195,871
Disposals (299,261 )
Reclassification/transfer 150,034
At 30 September 2024 423,288
DEPRECIATION
At 1 January 2024 150,624
Charge for period 37,501
Eliminated on disposal (115,478 )
Reclassification/transfer 13,127
At 30 September 2024 85,774
NET BOOK VALUE
At 30 September 2024 337,514
At 31 December 2023 226,020

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 226,702 85,972
Other debtors 10,879 9,788
237,581 95,760

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,034 12,236
Hire purchase contracts (see note 10) 83,971 64,977
Trade creditors 94,435 82,585
Taxation and social security 33,287 36,487
Other creditors 12,714 6,930
276,441 203,215

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,431 14,167
Hire purchase contracts (see note 10) 183,190 52,833
187,621 67,000

ROAN FABRICATION LIMITED (REGISTERED NUMBER: 08760698)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2024 to 30 September 2024


10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 102,715 71,070
Between one and five years 206,025 55,591
308,740 126,661

Finance charges repayable:
Within one year 18,744 6,093
Between one and five years 22,835 2,758
41,579 8,851

Net obligations repayable:
Within one year 83,971 64,977
Between one and five years 183,190 52,833
267,161 117,810

Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There was a loan outstanding due to the directors of £191 (2023:1,875) at the reporting date.

The above loans are unsecured, interest free and repayable on demand.