Company Registration No. 10585194 (England and Wales)
Rothwell Traders Ltd
Unaudited accounts
for the year ended 31 March 2022
Rothwell Traders Ltd
Unaudited accounts
Contents
Rothwell Traders Ltd
Company Information
for the year ended 31 March 2022
Directors
Paul George Rothwell
Avril Denise Rothwell
Company Number
10585194 (England and Wales)
Registered Office
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Accountants
Andrew B Sharkey Ltd
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Rothwell Traders Ltd
Statement of financial position
as at 31 March 2022
Tangible assets
18,837
20,220
Inventories
129,553
121,419
Cash at bank and in hand
77,831
13,344
Creditors: amounts falling due within one year
(98,393)
(92,186)
Net current assets
113,598
56,188
Called up share capital
100
100
Profit and loss account
132,335
81,308
Shareholders' funds
132,435
81,408
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 20 July 2022 and were signed on its behalf by
Paul George Rothwell
Director
Company Registration No. 10585194
Rothwell Traders Ltd
Notes to the Accounts
for the year ended 31 March 2022
Rothwell Traders Ltd is a private company, limited by shares, registered in England and Wales, registration number 10585194. The registered office is Jasmine Cottage, Rowland, Bakewell, Derbyshire, DE45 1NR. The principal place of business is Unit 7B, Orme Court, Granby Road,, Bakewell, Derbyshire, DE45 1ES.
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.
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% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated at rates to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of the asset may not be fully recoverable.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Intangible fixed assets
Goodwill
Rothwell Traders Ltd
Notes to the Accounts
for the year ended 31 March 2022
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2021
19,614
14,366
33,980
Additions
1,237
2,089
3,326
At 31 March 2022
20,851
16,455
37,306
At 1 April 2021
8,051
5,709
13,760
Charge for the year
2,560
2,149
4,709
At 31 March 2022
10,611
7,858
18,469
At 31 March 2022
10,240
8,597
18,837
At 31 March 2021
11,563
8,657
20,220
6
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
-
2,580
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
24,790
8,549
Taxes and social security
19,600
14,730
Loans from directors
54,003
68,907
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2021: 3).
