Roupcycle Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 09897891

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		64,874		65,860

			64,874		65,860
CURRENT ASSETS
Debtors	5	80,374		106,516
Investments	6	20,313		19,209
Cash at bank and in hand		41,214		44,535

		141,901		170,260
Creditors: Amounts Falling Due Within One Year	7	(124,956 )		(126,442 )

NET CURRENT ASSETS (LIABILITIES)			16,945		43,818

TOTAL ASSETS LESS CURRENT LIABILITIES			81,819		109,678

Creditors: Amounts Falling Due After More Than One Year	8		(54,896 )		(71,013 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,495 )		-

NET ASSETS			23,428		38,665

CAPITAL AND RESERVES
Called up share capital	10		10		10
Income Statement			23,418		38,655

SHAREHOLDERS' FUNDS			23,428		38,665

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Roupcycle Ltd

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement.

On behalf of the board

Mr Roupen Onanian

Director

23 December 2025

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

1. General Information

Roupcycle Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09897891 . The registered office is Unit 1 Redfields Industrial Park, Church Crookham, Fleet, GU52 0RD.

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. 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:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Roupcycle Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	51,520	109,846	2,209	163,575
Additions	-	18,490	415	18,905

As at 31 March 2025	51,520	128,336	2,624	182,480

Depreciation
As at 1 April 2024	43,779	52,628	1,308	97,715
Provided during the period	1,935	17,635	321	19,891

As at 31 March 2025	45,714	70,263	1,629	117,606

Net Book Value
As at 31 March 2025	5,806	58,073	995	64,874

As at 1 April 2024	7,741	57,218	901	65,860

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,913	13,889
Other debtors	70,461	92,627

	80,374	106,516

6. Current Asset Investments

	2025	2024
	£	£
Listed investments	20,313	19,209

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Roupcycle Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	18,342	-
Trade creditors	21,094	16,354
Bank loans and overdrafts	18,127	44,584
Other creditors	32,807	42,013
Taxation and social security	34,586	23,491

	124,956	126,442

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	23,021	71,013
Bank loans	31,875	-

	54,896	71,013

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	18,342	-
Later than one year and not later than five years	23,021	71,013

	41,363	71,013

	41,363	71,013

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Roupen Onanian	39,427	22,381	(42,099 )	-	19,709

The above loan is unsecured, interest free and repayable on demand. The loan was repaid in April 2025.

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