Roto Smeets Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01029396 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

ROTO SMEETS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A W Scott

R B J Van Werkhoven

J C Vermunt

SECRETARY:

A W Scott

REGISTERED OFFICE:

P1, Allen House

The Maltings

Station Road

Sawbridgeworth

Hertfordshire

CM21 5JX

REGISTERED NUMBER:

01029396 (England and Wales)

SENIOR STATUTORY AUDITOR:

John David Lee BA FCA

AUDITORS:

Lee Accounting Services Limited

Trading as Lee & Co

Chartered Accountants

& Statutory Auditors

26 High St

Rickmansworth

Hertfordshire

WD3 1ER

FIXED ASSETS

Tangible assets

4

14,701

19,180

CURRENT ASSETS

Debtors

5

1,277,378

1,264,567

Cash at bank and in hand

577

8,896

1,277,955

1,273,463

CREDITORS

Amounts falling due within one year

6

14,419

12,165

NET CURRENT ASSETS

1,263,536

1,261,298

TOTAL ASSETS LESS CURRENT LIABILITIES

1,278,237

1,280,478

CAPITAL AND RESERVES

Called up share capital

7

907,000

907,000

Retained earnings

371,237

373,478

SHAREHOLDERS' FUNDS

1,278,237

1,280,478

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 September 2018 and were signed on its behalf by:

A W Scott - Director

1.	STATUTORY INFORMATION

Roto Smeets 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.

The presentation of the accounts is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 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

-

at varying rates on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

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 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 pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Trade and other receivables

Trade and other receivables are carried at original value less provision for doubtful recovery.

Trade and other payables

Trade and other payables represent liabilities for goods and services provided to the company prior to the

financial period which are unpaid. Current liabilities represent those amounts falling due within one year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

2,506

1,025

24,675

28,206

DEPRECIATION

At 1 January 2017

2,048

809

6,169

9,026

Charge for year

153

55

4,271

4,479

At 31 December 2017

2,201

864

10,440

13,505

NET BOOK VALUE

At 31 December 2017

305

161

14,235

14,701

At 31 December 2016

458

216

18,506

19,180

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by group undertakings

1,273,129

1,259,002

Other debtors

4,249

5,565

1,277,378

1,264,567

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

4,175

Taxation and social security

3,732

3,097

Other creditors

10,687

4,893

14,419

12,165

7.	CALLED UP SHARE CAPITAL

The company has ordinary share capital allotted, called-up and fully paid of £10,000; and preference share

capital allotted, called-up and fully paid of £897,000.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John David Lee BA FCA (Senior Statutory Auditor)

for and on behalf of Lee Accounting Services Limited

9.	ULTIMATE CONTROLLING PARTY

Roto Smeets Group BV is the immediate parent undertaking and is the smallest group of undertakings in whose

financial statements the company is included. Its registered office (and address from which group financial

statements can be obtained) is stated below.

Corporate Communications Department

Hunneperkade 4

NL-7418 BT Deventer

Netherlands

Circle Media Group, a company incorporated in the Netherlands, is deemed to be the ultimate parent

undertaking and forms the largest group of undertakings for which group financial statements are drawn up. Its

registered office (and address from which group financial statements can be obtained) is stated below.

Stroombaan 4

1181 VX Amstelveen

Netherlands