REGISTERED NUMBER: 08732430 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Roar Advanced Finishing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R L Singleton

R I Wilkinson

REGISTERED OFFICE:

36A Market Street

New Mills

High Peak

SK22 4AA

REGISTERED NUMBER:

08732430 (England and Wales)

ACCOUNTANTS:

DLA Chartered Accountants

36A Market Street

New Mills

High Peak

SK22 4AA

FIXED ASSETS

Tangible assets

4

77,473

97,016

CURRENT ASSETS

Stocks

396,346

309,721

Debtors

5

352,231

301,310

Cash at bank

9,029

34,675

757,606

645,706

CREDITORS

Amounts falling due within one year

6

311,834

163,160

NET CURRENT ASSETS

445,772

482,546

TOTAL ASSETS LESS CURRENT LIABILITIES

523,245

579,562

CREDITORS

Amounts falling due after more than one year

7

1,253,168

1,271,531

NET LIABILITIES

(729,923

)

(691,969

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(730,023

)

(692,069

)

SHAREHOLDERS' FUNDS

(729,923

)

(691,969

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:

R L Singleton - Director

R I Wilkinson - Director

1.	STATUTORY INFORMATION

Roar Advanced Finishing 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.

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% 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 Income Statement, 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.

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 12 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

89,096

554,989

15,544

12,749

672,378

Additions

-

-

-

498

498

At 31 March 2025

89,096

554,989

15,544

13,247

672,876

DEPRECIATION

At 1 April 2024

59,460

490,921

14,737

10,244

575,362

Charge for year

2,964

16,017

202

858

20,041

At 31 March 2025

62,424

506,938

14,939

11,102

595,403

NET BOOK VALUE

At 31 March 2025

26,672

48,051

605

2,145

77,473

At 31 March 2024

29,636

64,068

807

2,505

97,016

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

163,069

138,688

VAT

11,387

4,227

Deferred tax asset

165,949

158,395

Prepayments

11,826

-

352,231

301,310

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,001

Other loans

37,500

37,500

Trade creditors

219,902

70,578

Social security and other taxes

12,533

10,865

Directors' current accounts

10,000

-

Accruals and deferred income

21,899

34,216

311,834

163,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

1,667

10,000

Bank loans - 2-5 years

-

1,666

Other creditors

1,251,501

1,259,865

1,253,168

1,271,531

8.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

24,350

43,448

Between one and five years

17,506

40,106

In more than five years

-

1,717

41,856

85,271