REGISTERED NUMBER: 09367873 (England and Wales)

RODSTATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A S E Pedersen

REGISTERED OFFICE:

Unit 42 Vale Business Park

Llandow

Cowbridge

Vale of Glamorgan

CF71 7PF

REGISTERED NUMBER:

09367873 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

53,404

11,247

Investment property

5

245,000

241,618

298,404

252,865

CURRENT ASSETS

Stocks

119,951

132,295

Debtors

6

70,549

60,986

Cash at bank

416,014

372,948

606,514

566,229

CREDITORS

Amounts falling due within one year

7

(73,432

)

(103,602

)

NET CURRENT ASSETS

533,082

462,627

TOTAL ASSETS LESS CURRENT LIABILITIES

831,486

715,492

PROVISIONS FOR LIABILITIES

(14,125

)

(2,812

)

NET ASSETS

817,361

712,680

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

2,536

-

Retained earnings

814,725

712,580

SHAREHOLDERS' FUNDS

817,361

712,680

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 director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

A S E Pedersen - Director

1.	STATUTORY INFORMATION

Rodstation Limited 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below.These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 1A.

FIRST YEAR ADOPTION OF FINANCIAL REPORTING STANDARD 102 (FRS 102) SECTION 1A

These financial statements for the year ended 31 December 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 January 2024.

Turnover

Turnover represents sales of chimney cleaning equipment and associated products excluding Value Added Tax.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred

taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Non-derivative financial instruments

Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

10,511

13,500

24,011

Additions

58,200

-

58,200

At 31 December 2024

68,711

13,500

82,211

DEPRECIATION

At 1 January 2024

8,967

3,797

12,764

Charge for year

13,617

2,426

16,043

At 31 December 2024

22,584

6,223

28,807

NET BOOK VALUE

At 31 December 2024

46,127

7,277

53,404

At 31 December 2023

1,544

9,703

11,247

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

241,618

Revaluations

3,382

At 31 December 2024

245,000

NET BOOK VALUE

At 31 December 2024

245,000

At 31 December 2023

241,618

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

245,000

The investment property was valued on a fair value basis as at 31 December 2024 by the director. In valuing the property the director has considered rental yields of comparable properties in the same area.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

68,002

37,361

Directors' current accounts

-

3,532

Prepayments and accrued income

2,547

20,093

70,549

60,986

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

33,713

51,059

Corporation tax

26,984

35,601

Social security and other taxes

770

-

VAT

6,344

13,054

Other creditors

672

-

Accruals and deferred income

4,949

3,888

73,432

103,602

8.

RESERVES

Revaluation

reserve

£

Revaluation

3,381

Deferred tax

(845

)

At 31 December 2024

2,536

9.	FIRST YEAR ADOPTION

The company has adopted FRS 102 section 1A. As a result of this the company has uplifted the value of the investment property to fair value (previously held at historical cost) and recognised the associated deferred tax liability if the property were to be sold at the fair value. As a result the reserves have increased by £2,536 in the current year.