REGISTERED NUMBER: 06633302 (England and Wales)

Rose Gas Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J F Rose

Mr A B Rose

Mrs L J K Rose

REGISTERED OFFICE:

High Street

Buxted

Uckfield

East Sussex

TN22 4LA

REGISTERED NUMBER:

06633302 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,375,422

1,090,477

1,375,422

1,090,477

CURRENT ASSETS

Stocks

115,683

109,371

Debtors

6

1,769,856

1,689,205

Cash at bank and in hand

2,267,160

2,131,436

4,152,699

3,930,012

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

676,533

679,246

NET CURRENT ASSETS

3,476,166

3,250,766

TOTAL ASSETS LESS CURRENT LIABILITIES

4,851,588

4,341,243

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(40,202

)

(55,043

)

PROVISIONS FOR LIABILITIES

(231,722

)

(263,266

)

NET ASSETS

4,579,664

4,022,934

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

4,579,564

4,022,834

SHAREHOLDERS' FUNDS

4,579,664

4,022,934

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 directors acknowledge their 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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr J F Rose - Director

1.	STATUTORY INFORMATION

Rose Gas 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount can be reliably measured, it is probable that future economic benefits will flow to the entity and any specific criteria have been met for each of the company's activities.

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

-

25% on reducing balance

Cylinders and bulk tanks

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixtures, fittings & equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 15 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

5,893

AMORTISATION

At 1 January 2024

and 31 December 2024

5,893

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Cylinders

Freehold

Plant and

and bulk

property

machinery

tanks

£

£

£

COST

At 1 January 2024

45,221

292,056

1,721,730

Additions

319,075

39,342

75,887

Disposals

-

-

(4,447

)

At 31 December 2024

364,296

331,398

1,793,170

DEPRECIATION

At 1 January 2024

-

239,846

1,046,314

Charge for year

-

22,894

112,031

Eliminated on disposal

-

-

-

At 31 December 2024

-

262,740

1,158,345

NET BOOK VALUE

At 31 December 2024

364,296

68,658

634,825

At 31 December 2023

45,221

52,210

675,416

Fixtures,

Motor

fittings

vehicles

& equipment

Totals

£

£

£

COST

At 1 January 2024

1,311,679

2,225

3,372,911

Additions

95,818

627

530,749

Disposals

(28,112

)

-

(32,559

)

At 31 December 2024

1,379,385

2,852

3,871,101

DEPRECIATION

At 1 January 2024

994,994

1,280

2,282,434

Charge for year

102,104

236

237,265

Eliminated on disposal

(24,020

)

-

(24,020

)

At 31 December 2024

1,073,078

1,516

2,495,679

NET BOOK VALUE

At 31 December 2024

306,307

1,336

1,375,422

At 31 December 2023

316,685

945

1,090,477

At the balance sheet date there were tangible fixed assets under hire purchase agreements with net book value of £128,748 (2023 - £235,573).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

428,451

465,499

Other debtors

1,341,405

1,223,706

1,769,856

1,689,205

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

53,478

76,565

Trade creditors

199,944

203,499

Taxation and social security

241,543

215,833

Other creditors

181,568

183,349

676,533

679,246

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

40,202

55,043

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

93,680

131,608

The loans in respect of the hire purchase agreements are secured against the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

41

Ordinary A

£1

41

41

19

Ordinary B

£1

19

19

40

Ordinary C

£1

40

40

100

100

11.	CAPITAL COMMITMENTS

At the balance sheet date, the company had committed to purchase a new tanker for £99,486 and had paid a deposit of £34,820 during this financial year.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr J F Rose

Balance outstanding at start of year

527,913

470,354

Amounts advanced

33,083

94,871

Amounts repaid

(13,443

)

(37,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

547,553

527,913

Mrs L J K Rose

Balance outstanding at start of year

97,329

75,234

Amounts advanced

26,300

22,095

Amounts repaid

(1,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

122,629

97,329

Interest was charged at a rate of 2.25% for both Mr J F Rose's and Mrs L Rose's loans totalling £14,409 (2023: £13,414).

All loans are unsecured and repayable on demand.

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £33,696 were paid to the directors (2023: £nil).

During the year, Rose Gas Limited did not receive advances (2023: £nil) from companies with common directors and ownerships and made no repayments (2023: £nil). At the balance sheet date Rose Gas Limited was owed, in aggregate, £198,010 (2023: £198,010) from those companies. These loans are interest free, unsecured and repayable on demand.