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REGISTERED NUMBER: 07177478 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Roann Limited

Roann Limited (Registered number: 07177478)






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


Roann Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J R South
Mrs A South





REGISTERED OFFICE: Roann Kenmore Road
Wakefield 41 Industrial Estate
Wakefield
West Yorkshire
WF2 0XE





REGISTERED NUMBER: 07177478 (England and Wales)

Roann Limited (Registered number: 07177478)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 125,000 150,000
Tangible assets 5 223,628 176,301
348,628 326,301

CURRENT ASSETS
Stocks 1,425,796 1,258,888
Debtors 6 1,123,217 990,178
Cash at bank 96,032 91,610
2,645,045 2,340,676
CREDITORS
Amounts falling due within one year 7 1,741,895 1,423,419
NET CURRENT ASSETS 903,150 917,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,251,778

1,243,558

CREDITORS
Amounts falling due after more than one year 8 (58,929 ) (225,175 )

PROVISIONS FOR LIABILITIES (33,497 ) (33,497 )
NET ASSETS 1,159,352 984,886

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,159,348 984,882
1,159,352 984,886

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 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.

Roann Limited (Registered number: 07177478)

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 Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:





J R South - Director


Roann Limited (Registered number: 07177478)

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

1. STATUTORY INFORMATION

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

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.
Plant and machinery etc - 25% on reducing balance and 15% 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 46 ) .

Roann Limited (Registered number: 07177478)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 250,000
AMORTISATION
At 1 January 2024 100,000
Charge for year 25,000
At 31 December 2024 125,000
NET BOOK VALUE
At 31 December 2024 125,000
At 31 December 2023 150,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 632,109
Additions 92,980
At 31 December 2024 725,089
DEPRECIATION
At 1 January 2024 455,808
Charge for year 45,653
At 31 December 2024 501,461
NET BOOK VALUE
At 31 December 2024 223,628
At 31 December 2023 176,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,002,813 865,975
Other debtors 120,404 124,203
1,123,217 990,178

Roann Limited (Registered number: 07177478)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 130,857 216,550
Hire purchase contracts 40,458 65,799
Trade creditors 1,445,194 965,191
Taxation and social security 66,337 96,785
Other creditors 59,049 79,094
1,741,895 1,423,419

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 12,923 165,928
Hire purchase contracts 46,006 59,247
58,929 225,175