Registered number
07434598
ROFEX (UK) LIMITED
Filleted Accounts
30 November 2024
ROFEX (UK) LIMITED
Registered number: 07434598
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,092 27,615
Current assets
Stocks 267,659 191,923
Debtors 4 46,702 90,447
Cash at bank and in hand 43,514 75,087
357,875 357,457
Creditors: amounts falling due within one year 5 (38,664) (54,128)
Net current assets 319,211 303,329
Total assets less current liabilities 341,303 330,944
Creditors: amounts falling due after more than one year 6 (211,465) (218,870)
Provisions for liabilities (2,242) (2,862)
Net assets 127,596 109,212
Capital and reserves
Called up share capital 1 1
Profit and loss account 127,595 109,211
Shareholder's funds 127,596 109,212
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss E E Morton
Director
Approved by the board on 29 August 2025
ROFEX (UK) LIMITED
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers which are made on a sale or return basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% per annum reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
The company did not operate a pension scheme during the year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 321,731
At 30 November 2024 321,731
Depreciation
At 1 December 2023 294,116
Charge for the year 5,523
At 30 November 2024 299,639
Net book value
At 30 November 2024 22,092
At 30 November 2023 27,615
4 Debtors 2024 2023
£ £
Trade debtors and prepayments 44,704 88,449
Other debtors 1,998 1,998
46,702 90,447
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accruals 22,564 43,296
Corporation tax 12,192 10,582
Other taxes and social security costs 3,908 250
38,664 54,128
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - loans 211,465 218,870
7 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
8 Contingent liabilities
There were no contingent liabilities in existence at the year end.
9 Controlling party
The director, Miss E E Morton is the ultimate controlling party owning 100% of the issued ordinary share capital of the company.
10 Other information
ROFEX (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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