Company Registration No. 11916152 (England and Wales)
By Rotation Ltd
Unaudited accounts
for the year ended 31 March 2025
By Rotation Ltd
Unaudited accounts
Contents
By Rotation Ltd
Company Information
for the year ended 31 March 2025
Directors
Eshita Kabra
Thomas Walter March
Company Number
11916152 (England and Wales)
Registered Office
3 CHANDOS STREET
LONDON
W1G 9DH
ENGLAND
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
By Rotation Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
40,548
77,846
Tangible assets
4,157
5,716
Cash at bank and in hand
238,787
372,242
Creditors: amounts falling due within one year
(160,382)
(63,532)
Net current assets
184,631
330,335
Net assets
229,336
413,897
Called up share capital
2
2
Share premium
2,970,441
2,679,016
Profit and loss account
(2,741,107)
(2,265,121)
Shareholders' funds
229,336
413,897
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 31 December 2025 and were signed on its behalf by
Eshita Kabra
Director
Company Registration No. 11916152
By Rotation Ltd
Notes to the Accounts
for the year ended 31 March 2025
By Rotation Ltd is a private company, limited by shares, registered in England and Wales, registration number 11916152. The registered office is 3 CHANDOS STREET, LONDON, W1G 9DH, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
3 Years Straight Line
Computer equipment
3 Years Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Development costs are amortised over 5 years straight line.
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.
The financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding and support will be adequate for the company's needs.
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Cortirio Limited received a tax credit for qualifying research and development expenditure under the
Research and Development tax relief scheme. This is presented as a tax repayment in the Income Statement in line with disclosure requirements under FRS 102.
By Rotation Ltd
Notes to the Accounts
for the year ended 31 March 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
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.
Prior year balances were reviewed during the year and it was identified that hire fee income relating to the prior period had been incorrectly stated and therefore a prior year restatement was required, resulting in the following adjustments:
Other debtors increased by £93,411, from (£44,904) to £48,507.
Retained loss decreased by £93,411, from £2,358,531 to £2,265,120.
4
Intangible fixed assets
Other
Charge for the year
37,298
By Rotation Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
12,019
7,625
19,644
At 31 March 2025
16,666
7,625
24,291
At 1 April 2024
9,870
4,058
13,928
Charge for the year
3,233
2,973
6,206
At 31 March 2025
13,103
7,031
20,134
At 31 March 2025
3,563
594
4,157
At 31 March 2024
2,149
3,567
5,716
Amounts falling due within one year
Amounts due from group undertakings etc.
-
6,880
Accrued income and prepayments
46,372
7,358
Other debtors
59,003
7,387
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
67,600
20,285
Amounts owed to group undertakings and other participating interests
31,118
-
Taxes and social security
5,294
6,288
Other creditors
37,960
26,835
Loans from directors
3,604
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Accounts
-
3,604
-
3,604
The directors' loan is interest-free and repayable on demand.
By Rotation Ltd
Notes to the Accounts
for the year ended 31 March 2025
9
Transactions with related parties
During the year, the company had the following related party transactions.
- £31,118 (2024: (£6,880)) payable to a subsidiary company.
10
Average number of employees
During the year the average number of employees was 5 (2024: 6).