Company Registration No. 06822008 (England and Wales)
ROPER FINISHING SOLUTIONS LIMITED
Unaudited accounts
for the year ended 31 March 2022
ROPER FINISHING SOLUTIONS LIMITED
Unaudited accounts
Contents
ROPER FINISHING SOLUTIONS LIMITED
Company Information
for the year ended 31 March 2022
Directors
Jonathan Peter Frost
Julie Jean Frost
Deryck Robert Illingworth
Company Number
06822008 (England and Wales)
Registered Office
UNITS 5 & 6 WONASTOW INDUSTRIAL ESTATE (
MONMOUTH
MONMOUTHSHIRE
NP25 5JA
Accountants
Accountancy HWB
21 Hill Street
Haverfordwest
Pembrokeshire
SA61 1QQ
ROPER FINISHING SOLUTIONS LIMITED
Statement of financial position
as at
31 March 2022
Tangible assets
506,250
508,817
Inventories
41,829
41,596
Cash at bank and in hand
956,111
971,094
Creditors: amounts falling due within one year
(203,461)
(272,613)
Net current assets
919,838
799,952
Net assets
1,426,088
1,308,769
Called up share capital
4
4
Profit and loss account
1,426,084
1,308,765
Shareholders' funds
1,426,088
1,308,769
For the year ending 31 March 2022 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 14 December 2022 and were signed on its behalf by
Jonathan Peter Frost
Director
Company Registration No. 06822008
ROPER FINISHING SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2022
ROPER FINISHING SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06822008. The registered office is UNITS 5 & 6 WONASTOW INDUSTRIAL ESTATE (, MONMOUTH, MONMOUTHSHIRE, NP25 5JA.
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.
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:
Plant & machinery
25% Straight Line
Motor vehicles
25% Reducing Balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Expenditure on research and development is written off in the year in which it is incurred.
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.
ROPER FINISHING SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
526,463
33,338
12,835
572,636
At 31 March 2022
526,463
33,338
12,835
572,636
At 1 April 2021
24,865
33,338
5,616
63,819
Charge for the year
-
-
2,567
2,567
At 31 March 2022
24,865
33,338
8,183
66,386
At 31 March 2022
501,598
-
4,652
506,250
At 31 March 2021
501,598
-
7,219
508,817
Amounts falling due within one year
Trade debtors
119,832
54,348
Other debtors
5,527
5,527
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
49,493
50,000
Trade creditors
46,433
79,980
Taxes and social security
17,132
36,707
Other creditors
17,717
16,178
Loans from directors
64,208
61,073
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).