Registered number
05310778
ROCHFORD ART LIMITED
Filleted Accounts
31 December 2024
ROCHFORD ART LIMITED
Registered number: 05310778
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 94,973 69,740
Current assets
Stocks and WiP 84,100 83,000
Debtors 4 560,655 579,049
Cash at bank and in hand 220,586 452,362
865,341 1,114,411
Creditors: amounts falling due within one year 5 (87,271) (116,326)
Net current assets 778,070 998,085
Net assets 873,043 1,067,825
Capital and reserves
Called up share capital 100 100
Profit and loss account 872,943 1,067,725
Shareholders' funds 873,043 1,067,825
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Volodymyr Ivaniouk
Director
Approved by the board on 11 November 2025
ROCHFORD ART LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Motor vehicles 10% reduced balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 6,793 84,508 91,301
Additions 2,204 33,600 35,804
At 31 December 2024 8,997 118,108 127,105
Depreciation
At 1 January 2024 2,377 19,184 21,561
Charge for the year 679 9,892 10,571
At 31 December 2024 3,056 29,076 32,132
Net book value
At 31 December 2024 5,941 89,032 94,973
At 31 December 2023 4,416 65,324 69,740
4 Debtors 2024 2023
£ £
Trade debtors 352,758 375,859
Prepayments 25,562 23,260
Other debtors 182,335 179,930
560,655 579,049
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 26,372 73,213
Taxation and social security costs 60,899 33,293
Other creditors - 9,820
87,271 116,326
6 Other information
ROCHFORD ART LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Muncaster Road
London
England
SW11 6NT
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