Rosefort Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05627907 (England and Wales)

Financial Statements

for the Period 27th November 2017 to 25th November 2018

for

Rosefort Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

N A Foster

T J Taylor

R H Bigg

REGISTERED OFFICE:

1-3 Manor Road

Chatham

Kent

ME4 6AE

REGISTERED NUMBER:

05627907 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Rosefort Limited for the period ended 25th November 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rosefort Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rosefort Limited and state those matters that we have agreed to state to the Board of Directors of Rosefort Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rosefort Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rosefort Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rosefort Limited. You consider that Rosefort Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Rosefort Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

30th August 2019

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

513,142

507,102

513,142

507,102

CURRENT ASSETS

Stocks

12,689

24,165

Debtors

6

861,767

787,635

Cash at bank and in hand

478,595

356,710

1,353,051

1,168,510

CREDITORS

Amounts falling due within one year

7

831,620

620,456

NET CURRENT ASSETS

521,431

548,054

TOTAL ASSETS LESS CURRENT LIABILITIES

1,034,573

1,055,156

CREDITORS

Amounts falling due after more than one year

8

(1,949,945

)

(1,979,540

)

PROVISIONS FOR LIABILITIES

(71,096

)

(64,169

)

NET LIABILITIES

(986,468

)

(988,553

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(986,469

)

(988,554

)

SHAREHOLDERS' FUNDS

(986,468

)

(988,553

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25th November 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 25th November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 30th August 2019 and were signed on its behalf by:

T J Taylor - Director

1.	STATUTORY INFORMATION

Rosefort 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was amortised evenly

over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

over the period of life of the lease

Plant and machinery etc

-

33% on cost, 25% on reducing balance and over the period of life of the lease

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 31 (2017 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 27th November 2017

and 25th November 2018

250,000

AMORTISATION

At 27th November 2017

and 25th November 2018

250,000

NET BOOK VALUE

At 25th November 2018

-

At 26th November 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 27th November 2017

134,957

1,751,411

1,886,368

Additions

-

194,738

194,738

At 25th November 2018

134,957

1,946,149

2,081,106

DEPRECIATION

At 27th November 2017

105,294

1,273,972

1,379,266

Charge for period

8,899

179,799

188,698

At 25th November 2018

114,193

1,453,771

1,567,964

NET BOOK VALUE

At 25th November 2018

20,764

492,378

513,142

At 26th November 2017

29,663

477,439

507,102

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,966

5,964

Amounts owed by group undertakings

756,685

672,575

Other debtors and prepayments

102,116

109,096

861,767

787,635

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

75,644

88,240

Taxation and social security

33,652

97,236

Other creditors and accruals

722,324

434,980

831,620

620,456

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Amounts owed to group undertakings

1,949,945

1,979,540