Rotary Engineering UK Limited - Accounts to registrar (filleted) - small 23.2.5
Rotary Engineering UK Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| ROTARY ENGINEERING UK LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 JANUARY 2024 |
| ROTARY ENGINEERING UK LIMITED (REGISTERED NUMBER: 04648787) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ROTARY ENGINEERING UK LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| Church Street Branch |
| 5 Church Street |
| Sheffield |
| South Yorkshire |
| S1 1HF |
| ROTARY ENGINEERING UK LIMITED (REGISTERED NUMBER: 04648787) |
| BALANCE SHEET |
| 31 JANUARY 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ROTARY ENGINEERING UK LIMITED (REGISTERED NUMBER: 04648787) |
| BALANCE SHEET - continued |
| 31 JANUARY 2024 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ROTARY ENGINEERING UK LIMITED (REGISTERED NUMBER: 04648787) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2024 |
| 1. | STATUTORY INFORMATION |
| Rotary Engineering UK Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| 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. |
| Development costs are being amortised evenly over their estimated useful life once development is complete. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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 Profit and Loss Account, 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. |
| ROTARY ENGINEERING UK LIMITED (REGISTERED NUMBER: 04648787) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 February 2023 |
| and 31 January 2024 |
| AMORTISATION |
| At 1 February 2023 |
| Charge for year |
| At 31 January 2024 |
| NET BOOK VALUE |
| At 31 January 2024 |
| At 31 January 2023 |
| ROTARY ENGINEERING UK LIMITED (REGISTERED NUMBER: 04648787) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 February 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 January 2024 |
| DEPRECIATION |
| At 1 February 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2024 |
| NET BOOK VALUE |
| At 31 January 2024 |
| At 31 January 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST OR VALUATION |
| Additions |
| At 31 January 2024 |
| DEPRECIATION |
| Charge for year |
| At 31 January 2024 |
| NET BOOK VALUE |
| At 31 January 2024 |
| 6. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Stocks |
| ROTARY ENGINEERING UK LIMITED (REGISTERED NUMBER: 04648787) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Other creditors |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 February 2023 |
| Disposal of revalued property | (176,436 | ) |
| At 31 January 2024 |
| Hold over relief has been claimed on the gain arising on the disposal of the freehold property. |
| ROTARY ENGINEERING UK LIMITED (REGISTERED NUMBER: 04648787) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2024 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company's issued share capital is majority owned by the ultimate parent company, Rotary Holdings Limited, a company registered in England and Wales |
| The ultimate controlling party are the directors of Rotary Holdings Limited by virtue of holding interest in 100% of the ordinary share capital in Rotary Engineering Limited. |
| The group consolidated accounts can be obtained from the Registrar of Companies (England and Wales), Companies House Crown Way, Cardiff, CF14 3UZ. |