Roro Design Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04615241

RORO DESIGN LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

RORO DESIGN LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st DECEMBER 2024

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

RORO DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		4,425		7,217

CURRENT ASSETS

Debtors	6	30,422	23,155
Cash at bank and in hand		100,415	131,173
		----------	----------
		130,837	154,328

CREDITORS: amounts falling due within one year	7	43,386		41,825
		----------		----------
NET CURRENT ASSETS			87,451		112,503
			---------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			91,876		119,720

PROVISIONS

Taxation including deferred tax	885	1,804
	---------	----------
NET ASSETS	90,991	117,916
	---------	----------

CAPITAL AND RESERVES

Called up share capital	9	90	90
Share premium account		240	240
Capital redemption reserve		30	30
Profit and loss account		90,631	117,556
		---------	----------
SHAREHOLDERS FUNDS		90,991	117,916
		---------	----------

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 31st 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 .

RORO DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:

A. J. Foxcroft

Director

Company registration number: 04615241

RORO DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st 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 Swans Centre for Innovation, Station Road, Wallsend, Tyne & Wear, NE28 6HJ.

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

Going concern

The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

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. 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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 and machinery	-	20% straight line
Fixtures and fittings	-	25% straight line
Computer equipment	-	25% straight line

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost
At 1st January 2024	1,863	7,274	17,251	26,388
Additions	–	–	1,012	1,012
Disposals	( 1,530)	( 4,590)	( 1,751)	( 7,871)
	-------	-------	---------	---------
At 31st December 2024	333	2,684	16,512	19,529
	-------	-------	---------	---------
Depreciation
At 1st January 2024	1,863	7,274	10,034	19,171
Charge for the year	–	–	3,803	3,803
Disposals	( 1,530)	( 4,590)	( 1,750)	( 7,870)
	-------	-------	---------	---------
At 31st December 2024	333	2,684	12,087	15,104
	-------	-------	---------	---------
Carrying amount
At 31st December 2024	–	–	4,425	4,425
	-------	-------	---------	---------
At 31st December 2023	–	–	7,217	7,217
	-------	-------	---------	---------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	30,135	23,023
Other debtors	287	132
	---------	---------
	30,422	23,155
	---------	---------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	102	276
Accruals	1,980	1,975
Corporation tax	36,889	35,617
Social security and other taxes	2,694	2,236
Director loan accounts	1,721	1,721
	---------	---------
	43,386	41,825
	---------	---------

8. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	885	1,804
	----	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	885	1,804
	----	-------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	90	90	90	90
	----	----	----	----

10. RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such are required to be to be disclosed under FRS 102 Section 1A small entities.