Company Registration No. 06822008 (England and Wales)
Roper Finishing Solutions Limited
Unaudited accounts
for the year ended 31 March 2021
Roper Finishing Solutions Limited
Unaudited accounts
Contents
Roper Finishing Solutions Limited
Company Information
for the year ended 31 March 2021
Directors
Jonathan Peter Frost
Julie Jean Frost
Deryck Robert Illingworth
Company Number
06822008 (England and Wales)
Registered Office
Units 5 & 6
Wonastow Industrial Estate (West)
Monmouth
Monmouthshire
NP25 5JA
Accountants
XAU Accountancy
41 Brynglas
Hollybush
Cwmbran
Torfaen
NP44 7LH
Roper Finishing Solutions Limited
Statement of financial position
as at
31 March 2021
Tangible assets
508,817
12,023
Inventories
41,596
62,873
Cash at bank and in hand
971,094
1,127,566
Creditors: amounts falling due within one year
(272,613)
(213,997)
Net current assets
799,952
1,143,175
Net assets
1,308,769
1,155,198
Called up share capital
4
4
Profit and loss account
1,308,765
1,155,194
Shareholders' funds
1,308,769
1,155,198
For the year ending 31 March 2021 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 29 November 2021 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 2021
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 (West), 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
20% Straight Line
Motor vehicles
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Expenditure on research and development is written off in the year in which it is incurred.
Roper Finishing Solutions Limited
Notes to the Accounts
for the year ended 31 March 2021
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Profit before taxation is stated after charging depreciation.
Depreciation of tangible assets for this year amounted to £4,008.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
28,061
33,338
12,835
74,234
Additions
500,000
-
-
500,000
At 31 March 2021
528,061
33,338
12,835
574,234
At 1 April 2020
25,664
33,338
3,209
62,211
Charge for the year
799
-
2,407
3,206
At 31 March 2021
26,463
33,338
5,616
65,417
At 31 March 2021
501,598
-
7,219
508,817
At 31 March 2020
2,397
-
9,626
12,023
Roper Finishing Solutions Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
54,348
162,233
Other debtors
5,527
4,500
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
50,000
-
Trade creditors
79,980
76,125
Taxes and social security
36,707
49,226
Other creditors
16,178
33,343
Loans from directors
61,073
32,243
8
Average number of employees
During the year the average number of employees was 9 (2020: 9).