REGISTERED NUMBER: 10013988 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE ROSETTA GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A Cox

Mr M J R Cox

REGISTERED OFFICE:

232 Newport Road

Cowes

Isle of Wight

PO31 8PE

REGISTERED NUMBER:

10013988 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Tangible assets

4

4,086

453

Investments

5

-

3

4,086

456

CURRENT ASSETS

Debtors

6

3,782

11,228

Cash at bank

27,104

18,192

30,886

29,420

CREDITORS

Amounts falling due within one year

7

11,834

13,483

NET CURRENT ASSETS

19,052

15,937

TOTAL ASSETS LESS CURRENT LIABILITIES

23,138

16,393

CREDITORS

Amounts falling due after more than one year

8

(3,011

)

(7,782

)

PROVISIONS FOR LIABILITIES

9

(776

)

(86

)

NET ASSETS

19,351

8,525

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

19,349

8,523

19,351

8,525

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.

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 and authorised for issue by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr M J R Cox - Director

1.	STATUTORY INFORMATION

The Rosetta Group Ltd 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.

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 cost and 25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

6,033

Additions

4,995

Disposals

(4,600

)

At 31 December 2024

6,428

DEPRECIATION

At 1 January 2024

5,580

Charge for year

1,362

Eliminated on disposal

(4,600

)

At 31 December 2024

2,342

NET BOOK VALUE

At 31 December 2024

4,086

At 31 December 2023

453

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

3

Disposals

(3

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

3

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

2,955

3,380

Amounts owed by group undertakings

-

7,120

Other debtors

827

728

3,782

11,228

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

4,937

5,135

Trade creditors

771

1,677

Taxation and social security

4,975

3,262

Other creditors

1,151

3,409

11,834

13,483

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

3,011

7,782

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

776

86

Deferred

tax

£

Balance at 1 January 2024

86

Utilised during year

690

Balance at 31 December 2024

776

10.	RELATED PARTY DISCLOSURES

At the year end the company owed £Nil (31.12.23: were owed £7,120) to it's wholly owned subsidiary, Open Sauce Systems Limited.

At the year end the directors were owed £185 (31.12.23 : owed £1,144) from the company.

11.	ULTIMATE CONTROLLING PARTY

The controlling parties are Mr J R Cox and Mrs S A Cox.