A.1. Ropes & Rigging Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02486685 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

A.1. Ropes & Rigging Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

K Garnett

Mrs M Garnett

P Garnett

REGISTERED OFFICE:

The Rope House

39A Wheatash Road

Addlestone

Surrey

KT15 2ES

REGISTERED NUMBER:

02486685 (England and Wales)

ACCOUNTANTS:

Suzanne Cater ACA

2 Terminal House

Station Approach

Shepperton

Middlesex

TW17 8AS

FIXED ASSETS

Tangible assets

4

671,383

674,377

Investments

5

138,281

138,281

809,664

812,658

CURRENT ASSETS

Stocks

20,200

25,022

Debtors

6

109,482

58,954

Prepayments and accrued income

5,068

4,756

Cash at bank and in hand

48,343

107,913

183,093

196,645

CREDITORS

Amounts falling due within one year

7

296,286

283,568

NET CURRENT LIABILITIES

(113,193

)

(86,923

)

TOTAL ASSETS LESS CURRENT LIABILITIES

696,471

725,735

CREDITORS

Amounts falling due after more than one year

8

(37,500

)

(59,528

)

PROVISIONS FOR LIABILITIES

(20,000

)

(20,000

)

NET ASSETS

638,971

646,207

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation reserve

9

112,571

112,571

Retained earnings

516,400

523,636

SHAREHOLDERS' FUNDS

638,971

646,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 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 Board of Directors and authorised for issue on 13 June 2023 and were signed on its behalf by:

P Garnett - Director

1.	STATUTORY INFORMATION

A.1. Ropes & Rigging 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

at variable rates on reducing balance

Stocks

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

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2021

650,000

141,449

791,449

Additions

-

1,127

1,127

At 30 September 2022

650,000

142,576

792,576

DEPRECIATION

At 1 October 2021

-

117,072

117,072

Charge for year

-

4,121

4,121

At 30 September 2022

-

121,193

121,193

NET BOOK VALUE

At 30 September 2022

650,000

21,383

671,383

At 30 September 2021

650,000

24,377

674,377

Included in cost or valuation of land and buildings is freehold land of £ 650,000 (2021 - £ 650,000 ) which is not depreciated.

Cost or valuation at 30 September 2022 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2013

450,000

92,900

542,900

Valuation in 2014

22,500

700

23,200

Valuation in 2015

77,500

1,217

78,717

Valuation in 2016

100,000

3,416

103,416

Valuation in 2017

-

32,731

32,731

Valuation in 2018

-

8,703

8,703

Valuation in 2019

-

640

640

Valuation in 2020

-

224

224

Valuation in 2021

-

918

918

Valuation in 2022

-

1,127

1,127

650,000

142,576

792,576

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2021

and 30 September 2022

138,281

NET BOOK VALUE

At 30 September 2022

138,281

At 30 September 2021

138,281

Cost or valuation at 30 September 2022 is represented by:

Other

investments

£

Valuation in 2022

138,281

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade debtors

105,166

58,352

Other debtors

4,316

602

109,482

58,954

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Bank loans and overdrafts

7,364

-

Trade creditors

259,907

236,810

Taxation and social security

23,162

34,261

Other creditors

5,853

12,497

296,286

283,568

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.22

30.9.21

£

£

Bank loans

37,500

59,528

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

12,028

9.

RESERVES

Revaluation

reserve

£

At 1 October 2021

and 30 September 2022

112,571

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021:

30.9.22

30.9.21

£

£

P Garnett

Balance outstanding at start of year

-

-

Amounts advanced

4,316

800

Amounts repaid

-

(800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,316

-

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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 September 2022 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Suzanne Cater ACA

2 Terminal House

Station Approach

Shepperton

Middlesex

TW17 8AS

Date: .............................................