R&R Commercial (Uk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07411694 (England and Wales)

Financial Statements

for the Period 1 February 2021 to 28 February 2022

for

R&R Commercial (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Robin Nagpal

Mrs Ruby Sahney Nagpal

REGISTERED OFFICE:

Bridge House

9 - 13 Holbrook Lane

Coventry

United Kingdom

CV6 4AD

REGISTERED NUMBER:

07411694 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

56,963

73,054

Tangible assets

5

75,530

74,382

132,493

147,436

CURRENT ASSETS

Stocks

68,138

69,625

Debtors

6

126,836

57,019

Cash at bank and in hand

167,006

79,525

361,980

206,169

CREDITORS

Amounts falling due within one year

7

215,100

173,300

NET CURRENT ASSETS

146,880

32,869

TOTAL ASSETS LESS CURRENT LIABILITIES

279,373

180,305

CREDITORS

Amounts falling due after more than one year

8

251,245

153,324

NET ASSETS

28,128

26,981

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

28,126

26,979

SHAREHOLDERS' FUNDS

28,128

26,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2022 and were signed on its behalf by:

Mr Robin Nagpal - Director

1.	STATUTORY INFORMATION

R&R Commercial (Uk) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill have been amortised at 10% on cost yearly.

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.

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 etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2021 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2021

and 28 February 2022

160,908

AMORTISATION

At 1 February 2021

87,854

Charge for period

16,091

At 28 February 2022

103,945

NET BOOK VALUE

At 28 February 2022

56,963

At 31 January 2021

73,054

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2021

5,281

108,896

114,177

Additions

-

15,414

15,414

At 28 February 2022

5,281

124,310

129,591

DEPRECIATION

At 1 February 2021

-

39,795

39,795

Charge for period

-

14,266

14,266

At 28 February 2022

-

54,061

54,061

NET BOOK VALUE

At 28 February 2022

5,281

70,249

75,530

At 31 January 2021

5,281

69,101

74,382

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

31.1.21

£

£

Trade debtors

125,495

7,215

Other debtors

1,341

49,804

126,836

57,019

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

31.1.21

£

£

Bank loans and overdrafts

-

18,187

Hire purchase contracts

-

1,066

Trade creditors

24,126

60,685

Taxation and social security

13,601

16,748

Other creditors

177,373

76,614

215,100

173,300

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

31.1.21

£

£

Bank loans

251,245

150,203

Hire purchase contracts

-

3,121

251,245

153,324

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.22

31.1.21

value:

£

£

2

Ordinary

£1

2

2