REGISTERED NUMBER: 06493109 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

Rosco Production Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D A Worthington

L E Oughton

REGISTERED OFFICE:

Unit 24 92-96 De Beauvoir Road

London

N1 4EN

REGISTERED NUMBER:

06493109 (England and Wales)

SENIOR STATUTORY AUDITOR:

David Macdonald BA FCA

AUDITORS:

Martlet Audit Limited

Martlet House

E1 Yeoman Gate

Yeoman Way

Worthing

West Sussex

BN13 3QZ

FIXED ASSETS

Intangible assets

4

1,875

3,750

Tangible assets

5

39,675

62,006

Investments

6

75

75

41,625

65,831

CURRENT ASSETS

Debtors

7

2,806,507

3,623,772

Cash at bank and in hand

2,447,797

1,406,222

5,254,304

5,029,994

CREDITORS

Amounts falling due within one year

8

2,651,094

2,705,101

NET CURRENT ASSETS

2,603,210

2,324,893

TOTAL ASSETS LESS CURRENT LIABILITIES

2,644,835

2,390,724

PROVISIONS FOR LIABILITIES

10,387

16,439

NET ASSETS

2,634,448

2,374,285

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,634,348

2,374,185

SHAREHOLDERS' FUNDS

2,634,448

2,374,285

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

D A Worthington - Director

1.	STATUTORY INFORMATION

Rosco Production 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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements

Preparation of consolidated financial statements

The financial statements contain information about Rosco Production Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

· Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures;

· Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

· Section 26 'Share based Payment': Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

· Section 33 'Related Party Disclosures': Compensation for key management personnel."

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 8 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

7,500

AMORTISATION

At 1 January 2024

3,750

Charge for year

1,875

At 31 December 2024

5,625

NET BOOK VALUE

At 31 December 2024

1,875

At 31 December 2023

3,750

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

117,670

Additions

7,609

Disposals

(33,695

)

At 31 December 2024

91,584

DEPRECIATION

At 1 January 2024

55,664

Charge for year

17,133

Eliminated on disposal

(20,888

)

At 31 December 2024

51,909

NET BOOK VALUE

At 31 December 2024

39,675

At 31 December 2023

62,006

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

75

NET BOOK VALUE

At 31 December 2024

75

At 31 December 2023

75

Rosco Production Inc is a 100% subsidiary incorporated in USA.

7.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

1,371,878

2,300,431

Amounts owed by group undertakings

1,038,559

1,091,969

Other debtors

396,070

227,935

2,806,507

3,620,335

Amounts falling due after more than one year:

Other debtors

-

3,437

Aggregate amounts

2,806,507

3,623,772

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,442,292

1,646,846

Amounts owed to group undertakings

632,358

558,460

Taxation and social security

131,087

82,854

Other creditors

445,357

416,941

2,651,094

2,705,101

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

46,440

46,440

Between one and five years

69,660

116,100

116,100

162,540

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor: David Macdonald B.A. F.C.A

Statutory Auditor: Martlet Audit Limited

Date of audit report: Date: 24 September 2025.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Rosco Production Holdings Limited.

The ultimate controlling party is D A Worthington.

The largest group in which the results of the company are consolidated is that of Rosco Production Holdings Limited. The holding company's registered office is Unit 24, 92-96 De Beauvoir Road, London, N1 4EN.