Registered number
06160994
Rotowash Limited
Filleted Accounts
31 December 2024
Rotowash Limited
Registered number: 06160994
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,481 21,177
Current assets
Stocks 247,319 165,634
Debtors 4 314,073 290,915
Cash at bank and in hand 1,040,640 924,704
1,602,032 1,381,253
Creditors: amounts falling due within one year 5 (808,502) (691,696)
Net current assets 793,530 689,557
Net assets 811,011 710,734
Capital and reserves
Called up share capital 100 100
Profit and loss account 810,911 710,634
Shareholders' funds 811,011 710,734
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr J A Stone
Director
Approved by the board on 1 September 2025
Rotowash Limited
Notes to the Accounts
for the year ended 31 December 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 evenly over its expected useful life, as follows:
Plant and machinery etc 25% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 20
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 198,073 22,194 220,267
Additions 2,132 - 2,132
At 31 December 2024 200,205 22,194 222,399
Depreciation
At 1 January 2024 182,163 16,927 199,090
Charge for the year 4,511 1,317 5,828
At 31 December 2024 186,674 18,244 204,918
Net book value
At 31 December 2024 13,531 3,950 17,481
At 31 December 2023 15,910 5,267 21,177
4 Debtors 2024 2023
£ £
Trade debtors 261,256 236,972
Other debtors 52,817 53,943
314,073 290,915
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 192,820 181,118
Amounts owed to group undertakings 74,491 48,671
Taxation and social security costs 110,465 110,702
Other creditors 430,726 351,205
808,502 691,696
6 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party trnsactions with wholly owned subsidiaries within the group.
7 Controlling party
The company is a 100% subsidiary of Rotowash U.K. Limited, a company incorporated in England. The parent company's registration number at Companies House is 01567319.
8 Other information
Rotowash Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Station Parade
Uxbridge Road
Ealing Common
London
W5 3LD
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