Roco Truck Bodies Limited - Accounts to registrar (filleted) - small 18.2
Roco Truck Bodies Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Roco Truck Bodies Limited |
| Financial Statements |
| for the period |
| 30 April 2018 to 31 December 2018 |
| Roco Truck Bodies Limited (Registered number: 04315366) |
| Contents of the Financial Statements |
| for the period 30 April 2018 to 31 December 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Roco Truck Bodies Limited |
| Company Information |
| for the period 30 April 2018 to 31 December 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditor |
| 33 George Street |
| Wakefield |
| West Yorkshire |
| WF1 1LX |
| Roco Truck Bodies Limited (Registered number: 04315366) |
| Balance Sheet |
| 31 December 2018 |
| 2018 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 on |
| Roco Truck Bodies Limited (Registered number: 04315366) |
| Notes to the Financial Statements |
| for the period 30 April 2018 to 31 December 2018 |
| 1. | STATUTORY INFORMATION |
| Roco Truck Bodies Limited is a private limited 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 company's |
| principal place of business is Roco House, Brighouse Road, Low Moor, Bradford BD12 0QF. |
| The functional and presentation currency for the company is the pound sterling (£). All financial information presented has |
| been rounded to the nearest (£), unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The directors are of the opinion that the company continues to be a going concern and have therefore adopted that basis in |
| the preparation of the financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Income is invoiced and recognised as a sale when all works are completed. |
| Goodwill |
| Amortisation is calculated so as to write off the cost of an intangible fixed asset, less its estimated residual value, over the |
| useful economic life of that asset as follows: |
| Goodwill | - 5% on cost |
| During the period the directors have undertaken an impairment review of the intangible fixed assets and have come to the |
| conclusion that the residual value as at 31 December 2018 is £nil and have therefore taken the decision to fully amortise the |
| asset during this period. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures, fittings & equipment | - |
| Fixed assets are initially recorded at cost. |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
| stocks to their present location and condition. |
| Roco Truck Bodies Limited (Registered number: 04315366) |
| Notes to the Financial Statements - continued |
| for the period 30 April 2018 to 31 December 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
| that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
| which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted |
| or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
| charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 30 April 2018 |
| and 31 December 2018 |
| AMORTISATION |
| At 30 April 2018 |
| Amortisation for period |
| At 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 29 April 2018 |
| Roco Truck Bodies Limited (Registered number: 04315366) |
| Notes to the Financial Statements - continued |
| for the period 30 April 2018 to 31 December 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures, |
| Plant and | fittings |
| machinery | & equipment | Totals |
| £ | £ | £ |
| COST |
| At 30 April 2018 |
| Additions |
| At 31 December 2018 |
| DEPRECIATION |
| At 30 April 2018 |
| Charge for period |
| Reclassification/transfer | ( |
) |
| At 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 29 April 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2018 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Amounts owed to participating interests | 6,567 | - |
| Tax |
| Social security and other taxes |
| VAT | 31,359 | 22,055 |
| Other creditors |
| Accruals and deferred income |
| Roco Truck Bodies Limited (Registered number: 04315366) |
| Notes to the Financial Statements - continued |
| for the period 30 April 2018 to 31 December 2018 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | CONTINGENT LIABILITIES |
| There is an Unlimited Multilateral Guarantee dated 10 May 2018 given by F&G Commercials (Oldham) Limited, F&G |
| Holdings Limited, F&G Commercials Limited, F&G Commercials (Huddersfield) Ltd, F&G Commercials (Manchester) |
| Limited, Roco Truck Bodies Limited and F&G Ventures Limited. |
| There is also a debenture which includes a fixed charge over all present freehold and leasehold property, all book and other |
| debts, chattels, goodwill and uncalled capital, both present and future; and a first floating charge over all assets and |
| undertaking both present and future dated 10 May 2018. |
| 11. | OTHER FINANCIAL COMMITMENTS |
| The company has future operating lease commitments of £676,667. |
| 12. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
| Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly |
| owned subsidiaries within the group. |
| The directors are of the opinion that there are no transactions with related parties as would require disclosure in accordance |
| with the provisions of Section 1A of FRS 102. |