Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 true 1 January 2024 31 December 2024 31 December 2024 SC279844 Mrs. O Dalli Mr I Sosnin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC279844 2023-12-31 SC279844 2024-12-31 SC279844 2024-01-01 2024-12-31 SC279844 frs-core:CurrentFinancialInstruments 2024-12-31 SC279844 frs-core:Non-currentFinancialInstruments 2024-12-31 SC279844 frs-core:ShareCapital 2024-12-31 SC279844 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC279844 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC279844 frs-bus:FullAccounts 2024-01-01 2024-12-31 SC279844 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC279844 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC279844 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC279844 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 SC279844 frs-bus:Director1 2024-01-01 2024-12-31 SC279844 frs-bus:Director2 2024-01-01 2024-12-31 SC279844 frs-core:Non-currentFinancialInstruments 1 2024-12-31 SC279844 frs-countries:Scotland 2024-01-01 2024-12-31 SC279844 2022-12-31 SC279844 2023-12-31 SC279844 2023-01-01 2023-12-31 SC279844 frs-core:CurrentFinancialInstruments 2023-12-31 SC279844 frs-core:Non-currentFinancialInstruments 2023-12-31 SC279844 frs-core:ShareCapital 2023-12-31 SC279844 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC279844 frs-core:Non-currentFinancialInstruments 1 2023-12-31
Registered number: SC279844
Rolling Trade Ltd.
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Rolling Trade Ltd.
Contents
Contents
Page
Company Information 1
Directors' Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5—6
Page 1
Rolling Trade Ltd.
Company Information
For The Year Ended 31 December 2024
Company Information
Directors Mrs. O Dalli
Mr I Sosnin
Company Number SC279844
Registered Office 5 South Charlotte Street
Edinburgh
EH2 4AN
Page 1
Page 2
Rolling Trade Ltd.
Company No. SC279844
Directors' Report For The Year Ended 31 December 2024
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Principal Activity
The company's principal activity continues to be that of other non-ferrous metal ores.
Directors
The directors who held office during the year were as follows:
Mrs. O Dalli
Mr I Sosnin
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs. O Dalli
Director
23/09/2025
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Rolling Trade Ltd.
Profit and Loss Account
For The Year Ended 31 December 2024
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 410,117 803,365
Cost of sales (387,395 ) (741,801 )
GROSS PROFIT 22,722 61,564
Administrative expenses (70,244 ) (54,507 )
OPERATING (LOSS)/PROFIT (47,522 ) 7,057
Interest payable and similar charges (3,320 ) (4,755 )
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (50,842 ) 2,302
The notes on pages 5 to 6 form part of these financial statements.
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Rolling Trade Ltd.
Balance Sheet
As At 31 December 2024
Balance Sheet
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,655,139 2,809,330
Cash at bank and in hand 269,293 277,464
2,924,432 3,086,794
Creditors: Amounts Falling Due Within One Year 5 (102,287 ) (178,209 )
NET CURRENT ASSETS (LIABILITIES) 2,822,145 2,908,585
TOTAL ASSETS LESS CURRENT LIABILITIES 2,822,145 2,908,585
Creditors: Amounts Falling Due After More Than One Year 6 (2,485,847 ) (2,521,445 )
NET ASSETS 336,298 387,140
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 336,297 387,139
SHAREHOLDERS' FUNDS 336,298 387,140
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs. O Dalli
Director
23/09/2025
The notes on pages 5 to 6 form part of these financial statements.
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Rolling Trade Ltd.
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Rolling Trade Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC279844 . The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 16,682 16,994
Other debtors 2,638,457 2,792,336
2,655,139 2,809,330
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 102,287 178,209
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,671,976 1,703,276
Loans 808,311 813,067
Accruals and deferred income 5,560 5,102
2,485,847 2,521,445
Loans represent:
i) £808,311 interest free loan is due to Ravenden Invest Ltd, a company registered in Belize, payable on request.
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Rolling Trade Ltd.
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6