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REGISTERED NUMBER: 07915002 (England and Wales)















ROSEVILLE CONTRACTS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024






ROSEVILLE CONTRACTS LIMITED (REGISTERED NUMBER: 07915002)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSEVILLE CONTRACTS LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M Kelsey





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 07915002 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

ROSEVILLE CONTRACTS LIMITED (REGISTERED NUMBER: 07915002)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 265,215 175,750
265,215 175,750

CURRENT ASSETS
Stocks 69,226 66,989
Debtors 6 3,922,542 4,551,596
Cash in hand 648,254 528,856
4,640,022 5,147,441
CREDITORS
Amounts falling due within one year 7 2,495,061 3,083,703
NET CURRENT ASSETS 2,144,961 2,063,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,410,176

2,239,488

CREDITORS
Amounts falling due after more than one
year

8

(390,121

)

(164,834

)

PROVISIONS FOR LIABILITIES - (6,788 )
NET ASSETS 2,020,055 2,067,866

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,019,955 2,067,766
SHAREHOLDERS' FUNDS 2,020,055 2,067,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ROSEVILLE CONTRACTS LIMITED (REGISTERED NUMBER: 07915002)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2025 and were signed by:





M Kelsey - Director


ROSEVILLE CONTRACTS LIMITED (REGISTERED NUMBER: 07915002)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Roseville Contracts 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. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover arises from increases in valuations on contracts and includes goods & services provided. Turnover is normally determined by external valuations and is the gross value of work carried out for the period to the balance sheet date (including retentions).

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 - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated compared with its carrying amount.If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.


ROSEVILLE CONTRACTS LIMITED (REGISTERED NUMBER: 07915002)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 164,999
AMORTISATION
At 1 January 2024
and 31 December 2024 164,999
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

ROSEVILLE CONTRACTS LIMITED (REGISTERED NUMBER: 07915002)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 33,311 94,793 15,232
Additions - 1,021 -
Disposals - - -
At 31 December 2024 33,311 95,814 15,232
DEPRECIATION
At 1 January 2024 33,311 59,725 14,435
Charge for year - 9,000 204
Eliminated on disposal - - -
At 31 December 2024 33,311 68,725 14,639
NET BOOK VALUE
At 31 December 2024 - 27,089 593
At 31 December 2023 - 35,068 797

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 161,500 76,610 381,446
Additions 252,555 11,392 264,968
Disposals (161,500 ) - (161,500 )
At 31 December 2024 252,555 88,002 484,914
DEPRECIATION
At 1 January 2024 36,688 61,537 205,696
Charge for year 31,254 13,114 53,572
Eliminated on disposal (39,569 ) - (39,569 )
At 31 December 2024 28,373 74,651 219,699
NET BOOK VALUE
At 31 December 2024 224,182 13,351 265,215
At 31 December 2023 124,812 15,073 175,750

The net book value of tangible fixed assets includes £ 224,182 (2023 - £ 124,812 ) in respect of assets held under hire purchase contracts.

ROSEVILLE CONTRACTS LIMITED (REGISTERED NUMBER: 07915002)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,799,016 3,967,372
Other debtors 715,946 327,362
Directors' loan accounts 213,583 -
VAT 124,941 179,816
Prepayments 69,056 77,046
3,922,542 4,551,596

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 82,140 40,712
Hire purchase contracts 39,613 32,408
Trade creditors 1,457,702 1,587,917
Tax 114,561 211,335
Social security and other taxes 157,860 216,254
Pension Liability 3,288 3,428
Factoring liability 547,850 758,454
Accrued expenses 92,047 233,195
2,495,061 3,083,703

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 33,300 44,946
BCRS loan 1-2 years 42,533 -
Bank loans - 2-5 years - 33,300
BCRS loan 2-5 years 167,210 -
Hire purchase contracts 147,078 86,588
390,121 164,834

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 186,691 118,996
BCRS Loan 246,937 -
Factoring Liability 547,850 758,454
981,478 877,450

The factoring liability is secured against the companies trade debtors.

The BCRS Loan is secured by a fixed and floating charge.

The Hire Purchase Contracts for the Motor Vehicles are secured against the asset under contract.

ROSEVILLE CONTRACTS LIMITED (REGISTERED NUMBER: 07915002)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. FINANCIAL COMMITMENTS

Total financial commitments in respect of operating leases which are not included in the balance sheet amount to £245,676 (2023: £146,598)

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
M Kelsey
Balance outstanding at start of year - -
Amounts advanced 480,859 -
Amounts repaid (267,277 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 213,582 -

12. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £705,946 (2023 £327,361 debtor) was owed from NTJ Developments (Midlands) Limited.

This company has common Directors.