Roarsome Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10857241

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		24,296		1,325
Tangible Assets	5		65,827		82,694

			90,123		84,019
CURRENT ASSETS
Stocks	6	341,178		218,974
Debtors	7	127,079		141,960
Cash at bank and in hand		26,144		41,101

		494,401		402,035
Creditors: Amounts Falling Due Within One Year	8	(761,924 )		(505,545 )

NET CURRENT ASSETS (LIABILITIES)			(267,523 )		(103,510 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(177,400 )		(19,491 )

Creditors: Amounts Falling Due After More Than One Year	9		(380,219 )		(24,007 )

NET LIABILITIES			(557,619 )		(43,498 )

CAPITAL AND RESERVES
Called up share capital	10		14		14
Share premium account			1,122,148		1,122,148
Profit and Loss Account			(1,679,781 )		(1,165,660 )

SHAREHOLDERS' FUNDS			(557,619)		(43,498)

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Roarsome Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Edward Lewis-Pratt

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Roarsome Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10857241 . The registered office is The Roarsome Store, 110 Northcote Road, London, SW11 6QP.

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.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% Staright Line
Plant & Machinery	20% WDV
Motor Vehicles	20% WDV
Fixtures & Fittings	20% WDV
Computer Equipment	20% WDV

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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Roarsome Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	7,950
Additions	26,450

As at 31 December 2024	34,400

Amortisation
As at 1 January 2024	6,625
Provided during the period	3,479

As at 31 December 2024	10,104

Net Book Value
As at 31 December 2024	24,296

As at 1 January 2024	1,325

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	60,375	17,209	81,928	1,807	161,319
Additions	7,505	6,521	882	-	14,908
Disposals	-	-	(33,528 )	-	(33,528 )

As at 31 December 2024	67,880	23,730	49,282	1,807	142,699

Depreciation
As at 1 January 2024	6,037	14,900	56,506	1,182	78,625
Provided during the period	8,289	3,543	5,496	250	17,578
Disposals	-	-	(19,331 )	-	(19,331 )

As at 31 December 2024	14,326	18,443	42,671	1,432	76,872

Net Book Value
As at 31 December 2024	53,554	5,287	6,611	375	65,827

As at 1 January 2024	54,338	2,309	25,422	625	82,694

6. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	341,178	218,974

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Roarsome Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	85,963	55,255
Other debtors	41,116	86,705

	127,079	141,960

8. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	292,734	104,979
Bank loans and overdrafts	26,242	6,083
Other loans	340,000	-
Other creditors	102,948	394,483

	761,924	505,545

9. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	50,219	24,007
Other loans	330,000	-

	380,219	24,007

10. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	14	14

11. Related Party Transactions

At 31 December 2024 the company owed funds totalling £330,000 (31 December 2023: £130,000) to a close family member of a Director.

The funds lent to the company were free of interest.

During the year, the company paid consultancy fees to Directors, and companies controlled by Directors, totalling £96,000 (31 July 2023: £128,716).

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