Company registration number 00362284 (England and Wales)
RODGERS OF YORK LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
RODGERS OF YORK LTD.
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
RODGERS OF YORK LTD.
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,989,183
2,009,259
Current assets
Stocks
1,663,169
1,650,636
Debtors
4
90,129
624,124
Cash at bank and in hand
1,344,718
1,072,916
3,098,016
3,347,676
Creditors: amounts falling due within one year
5
(2,280,326)
(1,911,369)
Net current assets
817,690
1,436,307
Total assets less current liabilities
2,806,873
3,445,566
Provisions for liabilities
(69,000)
(70,000)
Net assets
2,737,873
3,375,566
Capital and reserves
Called up share capital
6
18,420
18,420
Profit and loss reserves
2,719,453
3,357,146
Total equity
2,737,873
3,375,566

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 September 2025 and are signed on its behalf by:
Mr William Browne
Director
Company registration number 00362284 (England and Wales)
RODGERS OF YORK LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

Rodgers of York Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is Monks Cross, Huntington, York, YO32 9JR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% Straight Line
Fixtures, fittings & equipment
5% - 33% Straight Line
Motor vehicles
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

RODGERS OF YORK LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

RODGERS OF YORK LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Equity instruments

Share capital issued by the company is recorded at the proceeds received, net of direct issue costs. Dividends payable on share capital is recognised as a liability once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
65
65
RODGERS OF YORK LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
3
Tangible fixed assets
Freehold land and buildings
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 29 February 2024
2,813,455
1,113,279
502,495
4,429,229
Additions
-
0
63,507
142,079
205,586
Disposals
-
0
(81,444)
(126,384)
(207,828)
At 28 February 2025
2,813,455
1,095,342
518,190
4,426,987
Depreciation and impairment
At 29 February 2024
1,067,870
1,058,572
293,528
2,419,970
Depreciation charged in the year
50,664
57,756
85,849
194,269
Eliminated in respect of disposals
-
0
(81,444)
(94,991)
(176,435)
At 28 February 2025
1,118,534
1,034,884
284,386
2,437,804
Carrying amount
At 28 February 2025
1,694,921
60,458
233,804
1,989,183
At 28 February 2024
1,745,585
54,707
208,967
2,009,259
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
90,129
624,124
RODGERS OF YORK LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
741,260
713,889
Corporation tax
129,241
247,784
Other taxation and social security
232,282
31,479
Other creditors
1,177,543
918,217
2,280,326
1,911,369

Included with in other creditors are amounts due to the directors of £16,282 (202 4: £4,781). These amounts are interest free and repayable on demand.

6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
18,420
18,420
18,420
18,420
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
244,000
366,000
8
Related party transactions

The company leases two properties owned by a pension scheme whose beneficiaries are W F and J D Browne, and the rent charged in these financial statements amounted to £1 22,000 (20 2 4: £1 22,000).

9
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director 1
2.25
232,706
245,862
4,060
(458,611)
24,017
Director 2
2.25
245,599
245,702
4,085
(458,611)
36,775
478,305
491,564
8,145
(917,222)
60,792
2025-02-28 2024-02-29 false false false 02 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr W F Browne Mrs S G Browne Mr J D Browne Mrs Susan Browne 00362284 2024-02-29 2025-02-28 00362284 2025-02-28 00362284 2024-02-28 00362284 core:LandBuildings core:OwnedOrFreeholdAssets 2025-02-28 00362284 core:FurnitureFittings 2025-02-28 00362284 core:MotorVehicles 2025-02-28 00362284 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-28 00362284 core:FurnitureFittings 2024-02-28 00362284 core:MotorVehicles 2024-02-28 00362284 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 00362284 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 00362284 core:CurrentFinancialInstruments 2025-02-28 00362284 core:CurrentFinancialInstruments 2024-02-28 00362284 core:ShareCapital 2025-02-28 00362284 core:ShareCapital 2024-02-28 00362284 core:RetainedEarningsAccumulatedLosses 2025-02-28 00362284 core:RetainedEarningsAccumulatedLosses 2024-02-28 00362284 core:ShareCapitalOrdinaryShareClass1 2025-02-28 00362284 core:ShareCapitalOrdinaryShareClass1 2024-02-28 00362284 bus:Director1 2024-02-29 2025-02-28 00362284 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 00362284 core:FurnitureFittings 2024-02-29 2025-02-28 00362284 core:MotorVehicles 2024-02-29 2025-02-28 00362284 2023-03-01 2024-02-28 00362284 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-28 00362284 core:FurnitureFittings 2024-02-28 00362284 core:MotorVehicles 2024-02-28 00362284 2024-02-28 00362284 core:WithinOneYear 2025-02-28 00362284 core:WithinOneYear 2024-02-28 00362284 bus:OrdinaryShareClass1 2024-02-29 2025-02-28 00362284 bus:OrdinaryShareClass1 2025-02-28 00362284 bus:OrdinaryShareClass1 2024-02-28 00362284 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 00362284 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 00362284 bus:FRS102 2024-02-29 2025-02-28 00362284 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 00362284 bus:Director2 2024-02-29 2025-02-28 00362284 bus:Director3 2024-02-29 2025-02-28 00362284 bus:CompanySecretary1 2024-02-29 2025-02-28 00362284 bus:FullAccounts 2024-02-29 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP