Rossendale Collaborative Ltd - Filleted accounts

Registered number

13258145

Rossendale Collaborative Ltd

Filleted Accounts

31 March 2026

Rossendale Collaborative Ltd
Registered number:		13258145
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		26,400			13,400
Tangible assets	4		17,615			10,163
			44,015			23,563

Current assets
Debtors	5	202			4,991
Cash at bank and in hand		20,981			47,672
		21,183			52,663

Creditors: amounts falling due within one year	6	(49,349)			(44,452)

Net current (liabilities)/assets			(28,166)			8,211

Total assets less current liabilities			15,849			31,774


Provisions for liabilities			(2,541)			(2,541)


Net assets			13,308			29,233

Capital and reserves
Called up share capital			100			100
Profit and loss account			13,208			29,133

Shareholders' funds			13,308			29,233

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 J Palmer
Director
Approved by the board on 1 September 2026

Rossendale Collaborative Ltd
Notes to the Accounts
for the year ended 31 March 2026


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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		3		3


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2025				27,000
	Additions				23,000
	At 31 March 2026				50,000

	Amortisation
	At 1 April 2025				13,600
	Provided during the year				10,000
	At 31 March 2026				23,600

	Net book value
	At 31 March 2026				26,400
	At 31 March 2025				13,400

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2025				24,312
	Additions				15,974
	At 31 March 2026				40,286

	Depreciation
	At 1 April 2025				14,149
	Charge for the year				8,522
	At 31 March 2026				22,671

	Net book value
	At 31 March 2026				17,615
	At 31 March 2025				10,163


5	Debtors		2026		2025
£				£

	Trade debtors		-		4,991
	Other debtors		202		-
			202		4,991


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Taxation and social security costs		46,945		43,094
	Other creditors		2,404		1,358
			49,349		44,452


7	Controlling party

	The company is controlled equally by Mr and Mrs Palmer by way of each of them holding 50% of the issued share capital.


8	Other information

	Rossendale Collaborative Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	225b Bacup Road
	Rawtenstall
	Lancs
	BB4 7PA