Company Registration No. 8338208 (England and Wales)
Rixxo Limited
Unaudited accounts
for the year ended 31 December 2019
Rixxo Limited
Unaudited accounts
Contents
Rixxo Limited
Company Information
for the year ended 31 December 2019
Directors
Mr R Gee
Mr C Gee
Company Number
8338208 (England and Wales)
Registered Office
6 Lower Park Row
Bristol
BS1 5BJ
United Kingdom
Accountants
Bergsmith Accountancy Services Ltd
31 King Harold's View
Portskewett
Caldicot
NP26 5RS
Rixxo Limited
Statement of financial position
as at 31 December 2019
Intangible assets
31,884
41,461
Tangible assets
13,638
14,773
Cash at bank and in hand
171,731
199,429
Creditors: amounts falling due within one year
(113,948)
(111,433)
Net current assets
136,630
117,651
Net assets
182,152
173,885
Called up share capital
2
2
Profit and loss account
182,150
173,883
Shareholders' funds
182,152
173,885
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2020 and were signed on its behalf by
Mr R Gee
Director
Company Registration No. 8338208
Rixxo Limited
Notes to the Accounts
for the year ended 31 December 2019
Rixxo Limited is a private company, limited by shares, registered in England and Wales, registration number 8338208. The registered office is 6 Lower Park Row, Bristol, BS1 5BJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is accounted for on a straight line basis at 33%.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Rixxo Limited
Notes to the Accounts
for the year ended 31 December 2019
4
Intangible fixed assets
Other
At 31 December 2019
82,556
Charge for the year
24,763
At 31 December 2019
50,672
At 31 December 2019
31,884
At 31 December 2018
41,461
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2019
31,282
2,559
33,841
At 31 December 2019
33,324
3,430
36,754
At 1 January 2019
18,423
645
19,068
Charge for the year
3,466
582
4,048
At 31 December 2019
21,889
1,227
23,116
At 31 December 2019
11,435
2,203
13,638
At 31 December 2018
12,859
1,914
14,773
Trade debtors
62,135
22,242
Accrued income and prepayments
7,365
7,260
Rixxo Limited
Notes to the Accounts
for the year ended 31 December 2019
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
4,429
1,814
Trade creditors
6,229
7,666
Taxes and social security
11,512
18,188
Other creditors
3,692
5,421
Loans from directors
57,256
54,734
Deferred income
13,305
15,146
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Operating lease commitments
2019
2018
At 31 December 2019 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
3,406
13,623
Within two to five years
-
3,406
10
Average number of employees
During the year the average number of employees was 7 (2018: 7).
