REGISTERED NUMBER: 01623182 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ROPE ASSEMBLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Harper

A P Mccorkell

B H Rose

G L Sales

P Jacobi

REGISTERED OFFICE:

Unit 6 Hallcroft Industrial Estate

Aurillac Way

Retford

DN22 7PX

REGISTERED NUMBER:

01623182 (England and Wales)

AUDITOR:

mgr Audit Limited

Chartered Accountants

Statutory Auditors

55 Loudoun Road

St John's Wood

London

NW8 0DL

BANKERS:

National Westminister Bank Plc

250 Bishopsgate

London

EC2M 4AA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

638,763

611,986

638,763

611,986

CURRENT ASSETS

Stocks

231,580

227,985

Debtors

6

186,473

126,333

Cash at bank

1,148,773

978,824

1,566,826

1,333,142

CREDITORS

Amounts falling due within one year

7

218,135

157,090

NET CURRENT ASSETS

1,348,691

1,176,052

TOTAL ASSETS LESS CURRENT LIABILITIES

1,987,454

1,788,038

PROVISIONS FOR LIABILITIES

8

29,151

10,267

NET ASSETS

1,958,303

1,777,771

CAPITAL AND RESERVES

Called up share capital

9

101

101

Revaluation reserve

10

192,311

192,311

Retained earnings

1,765,891

1,585,359

SHAREHOLDERS' FUNDS

1,958,303

1,777,771

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

A Harper - Director

1.	STATUTORY INFORMATION

Rope Assemblies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for goods net of VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Taxation

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

Current tax

The tax currently payable is based on taxable profit for the period. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Foreign currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 April 2025

and 31 March 2026

11,720

AMORTISATION

At 1 April 2025

and 31 March 2026

11,720

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2025

505,000

180,327

21,369

32,106

738,802

Additions

-

55,172

-

-

55,172

Disposals

-

(9,080

)

-

-

(9,080

)

At 31 March 2026

505,000

226,419

21,369

32,106

784,894

DEPRECIATION

At 1 April 2025

7,100

88,702

12,919

18,095

126,816

Charge for year

-

21,730

1,268

3,503

26,501

Eliminated on disposal

-

(7,186

)

-

-

(7,186

)

At 31 March 2026

7,100

103,246

14,187

21,598

146,131

NET BOOK VALUE

At 31 March 2026

497,900

123,173

7,182

10,508

638,763

At 31 March 2025

497,900

91,625

8,450

14,011

611,986

The historical cost of land and buildings is £309,947 (2025: £309,947).

No depreciation has been recorded on the properties as the Directors consider the market value of the buildings to exceed their cost. This is reasonable given our knowledge of the current property market and the nature of the properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

136,968

95,207

Amounts owed by group undertakings

31,123

19,169

Other debtors

18,382

11,957

186,473

126,333

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

108,349

90,134

Amounts owed to group undertakings

6,120

5,544

Taxation and social security

94,278

56,236

Other creditors

9,388

5,176

218,135

157,090

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

29,151

10,267

Deferred

tax

£

Balance at 1 April 2025

10,267

Charge to Income Statement during year

18,884

Balance at 31 March 2026

29,151

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

1

101

101

10.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

192,311

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Sarah Yardley BSc ACA (Senior Statutory Auditor)

for and on behalf of mgr Audit Limited

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available with FRS 102 Section 33 'Related party disclosures' not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

13.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Unusual Industries Limited, a company registered in England and Wales.

Unusual Industries Limited has included the company in its group accounts, copies of which are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.