Rotadex Systems Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00527785

ROTADEX SYSTEMS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

ROTADEX SYSTEMS LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	88,900	105,100
Tangible assets	6	468,935	441,802
Investments	7	25,000	25,000
		---------	---------
		582,835	571,902

CURRENT ASSETS

Stock and work in progress	8	1,174,569	1,113,763
Debtors	9	1,244,299	1,206,377
Cash at bank and in hand		229,740	357,494
		------------	------------
		2,648,608	2,677,634

CREDITORS: amounts falling due within one year	10	774,549		801,874
		------------		------------
NET CURRENT ASSETS			1,874,059		1,875,760
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,456,894		2,447,662

CREDITORS: amounts falling due after more than one year	11		125,171		121,931

PROVISIONS

Taxation including deferred tax	31,145	44,402
	------------	------------
NET ASSETS	2,300,578	2,281,329
	------------	------------

CAPITAL AND RESERVES

Called up share capital	12	71,300	71,300
Profit and loss account		2,229,278	2,210,029
		------------	------------
SHAREHOLDERS FUNDS		2,300,578	2,281,329
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;

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

ROTADEX SYSTEMS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 19 June 2025 , and are signed on behalf of the board by:

Mr W J R White

Director

Company registration number: 00527785

ROTADEX SYSTEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 December 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Systems House, Central Business Park, Mackadown Lane, B33 OJL.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Research and development

Research and development expenditure is written off in the year in which it is incurred.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% to 50% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	15% and 12.5% straight line
Fixtures & fittings	-	20% and 12.5% straight line
Motor vehicles	-	25% straight line

Investments

Investments in subsidiaries are recorded at cost less impairment.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stock and work in progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes 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 cost plus attributable overheads based on a normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 40 (2023: 40 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	344,000
	---------
Amortisation
At 1 January 2024	238,900
Charge for the year	16,200
	---------
At 31 December 2024	255,100
	---------
Carrying amount
At 31 December 2024	88,900
	---------
At 31 December 2023	105,100
	---------

6. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	2,664,776	511,399	542,739	3,718,914
Additions	16,975	–	153,309	170,284
Disposals	–	–	( 105,007)	( 105,007)
	------------	---------	---------	------------
At 31 December 2024	2,681,751	511,399	591,041	3,784,191
	------------	---------	---------	------------
Depreciation
At 1 January 2024	2,482,396	511,399	283,317	3,277,112
Charge for the year	40,148	–	103,003	143,151
Disposals	–	–	( 105,007)	( 105,007)
	------------	---------	---------	------------
At 31 December 2024	2,522,544	511,399	281,313	3,315,256
	------------	---------	---------	------------
Carrying amount
At 31 December 2024	159,207	–	309,728	468,935
	------------	---------	---------	------------
At 31 December 2023	182,380	–	259,422	441,802
	------------	---------	---------	------------

7. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	25,000
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 31 December 2024	25,000
	--------
At 31 December 2023	25,000
	--------

8. STOCK AND WORK IN PROGRESS

	2024	2023
	£	£
Raw materials and consumables	632,830	630,000
Work in progress	85,741	96,277
Finished goods and goods for resale	455,998	387,486
	------------	------------
	1,174,569	1,113,763
	------------	------------

9. DEBTORS

	2024	2023
	£	£
Trade debtors	597,104	599,043
Other debtors	647,195	607,334
	------------	------------
	1,244,299	1,206,377
	------------	------------

10. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	29,600	30,500
Trade creditors	298,127	358,530
Amounts owed to group undertakings and undertakings in which the company has a participating interest	188,159	188,159
Corporation tax	19,760	9,273
Social security and other taxes	109,134	132,096
Other creditors	129,769	83,316
	---------	---------
	774,549	801,874
	---------	---------

Included within the above are bank loans and overdrafts of £29,600 (2023: £30,500) secured by way of a fixed and floating charge over the company's assets.

11. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	35,420	64,538
Other creditors	89,751	57,393
	---------	---------
	125,171	121,931
	---------	---------

Included within the above are bank loans and overdrafts of £35,420 (2023: £64,538) secured by way of a fixed and floating charge over the company's assets.

12. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	70,300	70,300	70,300	70,300
Ordinary 'B' shares of £ 0.50 each	2,000	1,000	2,000	1,000
	--------	--------	--------	--------
	72,300	71,300	72,300	71,300
	--------	--------	--------	--------

13. CONTROLLING PARTY

The company is a subsidiary of Redacell Limited which is the ultimate holding company. Redacell Limited is incorporated In England and Wales.