Company Registration No. 8338208 (England and Wales)
Rixxo Limited
Unaudited accounts
for the year ended 31 December 2021
Rixxo Limited
Unaudited accounts
Contents
Rixxo Limited
Company Information
for the year ended 31 December 2021
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 2021
Intangible assets
7,836
19,890
Tangible assets
53,547
64,545
Cash at bank and in hand
360,478
160,854
Creditors: amounts falling due within one year
(117,293)
(82,948)
Net current assets
283,321
146,921
Total assets less current liabilities
344,704
231,356
Provisions for liabilities
Net assets
334,412
231,356
Called up share capital
2
2
Profit and loss account
334,410
231,354
Shareholders' funds
334,412
231,356
For the year ending 31 December 2021 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 16 May 2022 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 2021
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.
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
Motor vehicles
25% reducing balance
Computer equipment
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 2021
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
4
Intangible fixed assets
Other
At 31 December 2021
90,173
Charge for the year
12,054
At 31 December 2021
82,337
At 31 December 2020
19,890
Rixxo Limited
Notes to the Accounts
for the year ended 31 December 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2021
6,012
48,340
7,244
30,284
91,880
Additions
-
780
106
4,903
5,789
At 31 December 2021
6,012
49,120
7,350
35,187
97,669
At 1 January 2021
4,650
-
1,908
20,777
27,335
Charge for the year
357
12,276
1,330
2,824
16,787
At 31 December 2021
5,007
12,276
3,238
23,601
44,122
At 31 December 2021
1,005
36,844
4,112
11,586
53,547
At 31 December 2020
1,362
48,340
5,336
9,507
64,545
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
32,659
59,243
Accrued income and prepayments
7,477
7,501
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
50,000
Trade creditors
11,864
10,654
Taxes and social security
35,142
3,278
Other creditors
2,096
7,813
Loans from directors
4,350
(34,432)
Deferred income
28,779
5,614
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Rixxo Limited
Notes to the Accounts
for the year ended 31 December 2021
9
Operating lease commitments
2021
2020
At 31 December 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
13,623
13,623
Within two to five years
3,406
17,029
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short term interest-free loan
39,762
-
39,762
-
11
Average number of employees
During the year the average number of employees was 10 (2020: 8).
