Company Registration No. 10534476 (England and Wales)
ROUNDWORKS IT LTD
Unaudited accounts
for the year ended 31 December 2024
ROUNDWORKS IT LTD
Unaudited accounts
Contents
ROUNDWORKS IT LTD
Company Information
for the year ended 31 December 2024
Directors
Luke Watts
Matthew Tareq Riffat
Company Number
10534476 (England and Wales)
Registered Office
ENTERPRISE CENTRE
6 DAVID LANE
NOTTINGHAM
NG6 0JU
UNITED KINGDOM
Accountants
BFS Accountants Ltd
Ransom Hall, Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ
ROUNDWORKS IT LTD
Statement of financial position
as at 31 December 2024
Tangible assets
21,888
24,126
Cash at bank and in hand
79,374
110,884
Creditors: amounts falling due within one year
(228,245)
(151,240)
Net current assets
208,200
149,076
Net assets
230,088
173,202
Called up share capital
100
100
Profit and loss account
229,988
173,102
Shareholders' funds
230,088
173,202
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by
Luke Watts
Director
Company Registration No. 10534476
ROUNDWORKS IT LTD
Notes to the Accounts
for the year ended 31 December 2024
ROUNDWORKS IT LTD is a private company, limited by shares, registered in England and Wales, registration number 10534476. The registered office is ENTERPRISE CENTRE, 6 DAVID LANE, NOTTINGHAM, NG6 0JU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 Years (20% Straight Line)
Fixtures & fittings
5 Years (20% Straight Line)
Computer equipment
5 Years (20% Straight Line)
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
1,560
19,378
45,401
66,339
Additions
-
4,038
9,919
13,957
At 31 December 2024
1,560
23,416
55,320
80,296
At 1 January 2024
1,148
10,706
30,359
42,213
Charge for the year
-
4,845
11,350
16,195
At 31 December 2024
1,148
15,551
41,709
58,408
At 31 December 2024
412
7,865
13,611
21,888
At 31 December 2023
412
8,672
15,042
24,126
ROUNDWORKS IT LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
75,876
73,666
Other debtors
281,195
115,766
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,268
7,341
Trade creditors
73,469
30,733
Taxes and social security
75,541
67,303
Other creditors
40,103
15,821
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).