Ro-Dor Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01895877 (England and Wales)

RO-DOR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Gregory

N S Gregory

REGISTERED OFFICE:

Stevens Drove

Houghton

Stockbridge

Hampshire

SO20 6LP

REGISTERED NUMBER:

01895877 (England and Wales)

BANKERS:

National Westminster Bank

105 High Street

Winchester

SO23 9AW

FIXED ASSETS

Tangible assets

4

4,562

7,258

Investments

5

417

359

4,979

7,617

CURRENT ASSETS

Stock

6

88,334

152,997

Debtors

7

668,293

642,110

Cash at bank and in hand

382,255

340,585

1,138,882

1,135,692

CREDITORS

Amounts falling due within one year

8

(89,668

)

(157,894

)

NET CURRENT ASSETS

1,049,214

977,798

TOTAL ASSETS LESS CURRENT LIABILITIES

1,054,193

985,415

PROVISIONS FOR LIABILITIES

9

(910

)

(1,569

)

NET ASSETS

1,053,283

983,846

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

29,060

29,060

Retained earnings

1,023,223

953,786

SHAREHOLDERS' FUNDS

1,053,283

983,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:

N S Gregory - Director

1.	STATUTORY INFORMATION

Ro-Dor 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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 the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

Straight line over 10 years

Plant and machinery

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

25% Reducing balance

Office equipment

-

Straight line over 5 years

Fixed asset investments

Fixed asset investments are stated at the lower of cost and market value.

Stocks

Stock 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 stock to their present location and condition.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 scheme in respect of its director. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a group personal pension scheme in respect of some of its employees. Contributions payable for the year are charged to the profit and loss account.

Government grants

The accrual model has been used to recognise the Coronavirus Job Retention Scheme grant on a systematic basis over the periods in which the related staff costs are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

buildings

machinery

fittings

£

£

£

COST

At 1 April 2022

and 31 March 2023

40,429

42,077

37,548

DEPRECIATION

At 1 April 2022

40,429

42,077

37,548

Charge for year

-

-

-

At 31 March 2023

40,429

42,077

37,548

NET BOOK VALUE

At 31 March 2023

-

-

-

At 31 March 2022

-

-

-

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

118,728

36,996

275,778

DEPRECIATION

At 1 April 2022

112,864

35,602

268,520

Charge for year

1,810

886

2,696

At 31 March 2023

114,674

36,488

271,216

NET BOOK VALUE

At 31 March 2023

4,054

508

4,562

At 31 March 2022

5,864

1,394

7,258

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

At 1 April 2022

2,248

Additions

12

At 31 March 2023

2,260

PROVISIONS

At 1 April 2022

1,889

Impairments

(46

)

At 31 March 2023

1,843

NET BOOK VALUE

At 31 March 2023

417

At 31 March 2022

359

6.

STOCK

2023

2022

£

£

Stocks

64,473

60,684

Work-in-progress

23,861

92,313

88,334

152,997

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

56,075

31,205

Amounts owed by group undertakings

609,987

609,987

Other debtors

2,231

918

668,293

642,110

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

35,289

75,085

Taxation and social security

36,769

23,211

Other creditors

17,610

59,598

89,668

157,894

9.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

910

1,569

Deferred tax

£

Balance at 1 April 2022

1,569

Decelerated capital allowances

(659

)

Balance at 31 March 2023

910

10.	RELATED PARTY DISCLOSURES

The company is controlled by Miss L Gregory, Mrs K Gregory-Shuku & Mr N Gregory by virtue of their 100% shareholding in KNL Holdings Limited. KNL Holdings Limited hold 75% of the issued share capital of Ro-Dor Limited.

At the balance sheet date, £609,987 (2022 - £609,987) was due from KNL Holdings Limited. This is payable on demand and no interest was charged on this balance.