Rose Grace (South Wales) Ltd - Dormant accounts - members and to registrar (filleted) 21.1

REGISTERED NUMBER: 06890574 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

ROSE GRACE (SOUTH WALES) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Curzon

REGISTERED OFFICE:

4 Commercial Street

Ogmore Vale

Bridgend

CF32 7BL

REGISTERED NUMBER:

06890574 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

Unit 10 Bridgend Business Park

Bennett Street

Bridgend Industrial Estate

Bridgend

South Wales

CF31 3SH

FIXED ASSETS

Intangible assets

4

207,001

Tangible assets

5

12,042

219,043

CURRENT ASSETS

Debtors

6

1,155,714

Cash at bank

155,055

1,310,769

CREDITORS

Amounts falling due within one year

7

184,595

NET CURRENT ASSETS

1,126,174

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,345,217

CREDITORS

Amounts falling due after more than one year

8

(860,326

)

(860,326

)

PROVISIONS FOR LIABILITIES

(2,288

)

(2,288

)

NET ASSETS

482,603

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

482,503

482,603

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2022 and were signed by:

M J Curzon - Director

1.	STATUTORY INFORMATION

Rose Grace (South Wales) Ltd 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 2016, is being 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.

Plant and machinery etc

-

20% on reducing balance

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 year was NIL (2021 - 7 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

1,145,261

AMORTISATION

At 1 April 2021

and 31 March 2022

938,260

NET BOOK VALUE

At 31 March 2022

207,001

At 31 March 2021

207,001

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

43,825

DEPRECIATION

At 1 April 2021

and 31 March 2022

31,783

NET BOOK VALUE

At 31 March 2022

12,042

At 31 March 2021

12,042

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

Other debtors

1,155,714

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

Trade creditors

108

Taxation and social security

137,358

Other creditors

47,129

184,595

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/22

31/3/21

£

Other creditors

860,326