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Company Registration No. 04725217 (England and Wales)
Rolling Center Limited Unaudited accounts for the year ended 31 March 2025
Rolling Center Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Rolling Center Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
196,583
169,218
Investments
5
-
50,500
196,583
219,718
Current assets
Inventories
980,463
817,053
Debtors
6
852,046
943,158
Cash at bank and in hand
2,176,758
2,081,014
4,009,267
3,841,225
Creditors: amounts falling due within one year
7
(1,915,843)
(1,853,463)
Net current assets
2,093,424
1,987,762
Total assets less current liabilities
2,290,007
2,207,480
Provisions for liabilities
Deferred tax
(20,264)
(21,695)
Net assets
2,269,743
2,185,785
Capital and reserves
Called up share capital
1,205
1,205
Profit and loss account
2,268,538
2,184,580
Shareholders' funds
2,269,743
2,185,785
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 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 5 July 2025 and were signed on its behalf by
Simon Smith Director Company Registration No. 04725217
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Rolling Center Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Rolling Center Limited is a private company, limited by shares, registered in England and Wales, registration number 04725217. The registered office is Unit 6, Whitehall Cross, Leeds, LS12 5XE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Land & buildings
10% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
33% Straight Line
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Rolling Center Limited Notes to the Accounts for the year ended 31 March 2025
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
81,959
274,646
356,605
Additions
-
135,974
135,974
Disposals
-
(110,595)
(110,595)
At 31 March 2025
81,959
300,025
381,984
Depreciation
At 1 April 2024
42,284
145,103
187,387
Charge for the year
8,196
42,966
51,162
On disposals
-
(53,148)
(53,148)
At 31 March 2025
50,480
134,921
185,401
Net book value
At 31 March 2025
31,479
165,104
196,583
At 31 March 2024
39,675
129,543
169,218
5
Investments
Other investments
£
Valuation at 1 April 2024
50,500
Disposals
(50,500)
Valuation at 31 March 2025
-
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Rolling Center Limited Notes to the Accounts for the year ended 31 March 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
825,874
837,474
Other debtors
26,172
105,684
852,046
943,158
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,321,453
1,259,631
Taxes and social security
566,905
512,587
Other creditors
27,485
81,245
1,915,843
1,853,463
8
Controlling party
The ultimate controlling party is Rolling Center Holdings Limited (company number 15987485), Unit 6 Whitehall Cross, Leeds, LS12 5XE, by virtue of its shareholding.
9
Average number of employees
During the year the average number of employees was 19 (2024: 16).
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