Rossendale Group Limited 00463320 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Financial intermediation not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true false 00463320 2024-04-01 2025-03-31 00463320 2025-03-31 00463320 core:RetainedEarningsAccumulatedLosses 2025-03-31 00463320 core:ShareCapital 2025-03-31 00463320 core:CurrentFinancialInstruments 2025-03-31 00463320 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00463320 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 00463320 core:FurnitureFittingsToolsEquipment 2025-03-31 00463320 core:LandBuildings 2025-03-31 00463320 core:MotorVehicles 2025-03-31 00463320 core:OtherPropertyPlantEquipment 2025-03-31 00463320 bus:SmallEntities 2024-04-01 2025-03-31 00463320 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 00463320 bus:FilletedAccounts 2024-04-01 2025-03-31 00463320 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00463320 bus:RegisteredOffice 2024-04-01 2025-03-31 00463320 bus:Director1 2024-04-01 2025-03-31 00463320 bus:Director2 2024-04-01 2025-03-31 00463320 bus:Director3 2024-04-01 2025-03-31 00463320 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00463320 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 00463320 core:LandBuildings 2024-04-01 2025-03-31 00463320 core:MotorVehicles 2024-04-01 2025-03-31 00463320 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 00463320 core:PlantMachinery 2024-04-01 2025-03-31 00463320 core:ToolsEquipment 2024-04-01 2025-03-31 00463320 countries:EnglandWales 2024-04-01 2025-03-31 00463320 2024-03-31 00463320 core:CostValuation 2024-03-31 00463320 core:FurnitureFittingsToolsEquipment 2024-03-31 00463320 core:LandBuildings 2024-03-31 00463320 core:MotorVehicles 2024-03-31 00463320 core:OtherPropertyPlantEquipment 2024-03-31 00463320 2023-04-01 2024-03-31 00463320 2024-03-31 00463320 core:RetainedEarningsAccumulatedLosses 2024-03-31 00463320 core:ShareCapital 2024-03-31 00463320 core:CurrentFinancialInstruments 2024-03-31 00463320 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00463320 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 00463320 core:FurnitureFittingsToolsEquipment 2024-03-31 00463320 core:LandBuildings 2024-03-31 00463320 core:MotorVehicles 2024-03-31 00463320 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 00463320

Rossendale Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Rossendale Group Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Rossendale Group Limited

Company Information

Directors

Mr Simon Bamford

Mrs Joy Bamford

Mr Oscar Bamford

Registered office

Portside North
Ellesmere Port
South Wirral
Merseyside
CH65 2HQ

Accountants

Bright Partnership Limited
Unit 26 Edward Court
Broadheath
Altrincham
England
WA14 5GL

 

Rossendale Group Limited

(Registration number: 00463320)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

567,945

499,035

Investments

5

4

4

 

567,949

499,039

Current assets

 

Stocks

6

191,339

134,316

Debtors

7

1,172,886

814,401

Cash at bank and in hand

 

169,032

258,822

 

1,533,257

1,207,539

Creditors: Amounts falling due within one year

8

(589,006)

(526,148)

Net current assets

 

944,251

681,391

Total assets less current liabilities

 

1,512,200

1,180,430

Creditors: Amounts falling due after more than one year

8

(77,303)

(4,754)

Provisions for liabilities

(104,176)

(93,416)

Net assets

 

1,330,721

1,082,260

Capital and reserves

 

Called up share capital

80,000

80,000

Retained earnings

1,250,721

1,002,260

Shareholders' funds

 

1,330,721

1,082,260

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Income And Retained Earnings.

Approved and authorised by the Board on 24 July 2025 and signed on its behalf by:
 

 

Rossendale Group Limited

(Registration number: 00463320)
Statement of Financial Position as at 31 March 2025

.........................................
Mr Simon Bamford
Director

   
     
 

Rossendale Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Portside North
Ellesmere Port
South Wirral
Merseyside
CH65 2HQ

These financial statements were authorised for issue by the Board on 24 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in sterling, which is the functional currency of the entity.

Key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and
assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances. Actual
results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised if the revision affects only that
period, or in the period of revision and future periods if the revision affects both current and future periods.

In the opinion of the directors there are no critical accounting judgements that require further disclosure..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Rossendale Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance on assets acquired pre 2013 and 15% straight line after

Plant for Hire

15% reducing balance on assets acquired pre 2013 and 15% straight line after

Motor vehicles

25% reducing balance

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Rossendale Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are measured at the lower of costs and estimated selling price less costs to complete and sell. Costs
include all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present
location and condition.

Work in progress is valued on the basis of direct costs. Provision is made for any foreseeable losses where
appropriate. No element of profit is included in the valuation of work in progress.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of income and retained earnings over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of income and retained earnings and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Rossendale Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 31 (2024 - 31).

 

Rossendale Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Leasehold improvements
£

Plant and machinery
£

Motor vehicles
 £

Plant for Hire
£

Cost or valuation

At 1 April 2024

43,545

1,202,783

446,644

409,409

Additions

-

3,519

148,116

-

At 31 March 2025

43,545

1,206,302

594,760

409,409

Depreciation

At 1 April 2024

-

995,617

212,541

395,188

Charge for the year

-

7,712

75,013

-

At 31 March 2025

-

1,003,329

287,554

395,188

Carrying amount

At 31 March 2025

43,545

202,973

307,206

14,221

At 31 March 2024

43,545

207,166

234,103

14,221

Total
£

Cost or valuation

At 1 April 2024

2,102,381

Additions

151,635

At 31 March 2025

2,254,016

Depreciation

At 1 April 2024

1,603,346

Charge for the year

82,725

At 31 March 2025

1,686,071

Carrying amount

At 31 March 2025

567,945

At 31 March 2024

499,035

5

Investments

2025
£

2024
£

Investments in subsidiaries

4

4

 

Rossendale Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Subsidiaries

£

Cost or valuation

At 1 April 2024

4

Provision

Carrying amount

At 31 March 2025

4

At 31 March 2024

4

The company owns 100% of the issued share capital of The Rossendale Chain & Block Co. Limited and
Ellesmere Port Lifting Gear Limited, both companies registered in England and Wales. Both companies are
dormant

6

Stocks

2025
£

2024
£

Raw materials and consumables

60,000

70,000

Work in progress

131,339

64,316

191,339

134,316

7

Debtors

Current

2025
£

2024
£

Trade debtors

1,030,672

775,839

Prepayments

53,645

38,562

Other debtors

88,569

-

 

1,172,886

814,401

 

Rossendale Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

20,240

19,980

Trade creditors

 

226,785

142,535

Taxation and social security

 

264,393

184,503

Accruals and deferred income

 

41,677

57,280

Other creditors

 

35,911

121,850

 

589,006

526,148

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts
which are secured of £20,240 (2024 - £19,980).

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

77,303

4,754

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts
which are secured of £77,303 (2024 - £4,754).