Rakgard International Limited

Rakgard International Limited

RAKGARD INTERNATIONAL LIMITED - Company Information

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1 January 2021 false No description of principal activity Taxfiler 2022.8.3 03409975business:PrivateLimitedCompanyLtd2021-01-012021-12-31 034099752020-12-31 034099752021-01-012021-12-31 03409975business:AuditExemptWithAccountantsReport2021-01-012021-12-31 03409975business:FullAccounts2021-01-012021-12-31 034099752021-12-31 03409975business:Director12021-01-012021-12-31 03409975business:RegisteredOffice2021-01-012021-12-31 034099752020-12-31 03409975core:WithinOneYear2021-12-31 03409975core:WithinOneYear2020-12-31 03409975core:AfterOneYear2021-12-31 03409975core:AfterOneYear2020-12-31 03409975core:ShareCapital2021-12-31 03409975core:ShareCapital2020-12-31 03409975core:SharePremium2021-12-31 03409975core:SharePremium2020-12-31 03409975core:RetainedEarningsAccumulatedLosses2021-12-31 03409975core:RetainedEarningsAccumulatedLosses2020-12-31 03409975business:SmallEntities2021-01-012021-12-31 03409975countries:EnglandWales2021-01-012021-12-31 03409975core:PlantMachinery2021-01-012021-12-31 03409975core:MotorVehicles2021-01-012021-12-31 03409975core:PlantMachinery2020-12-31 03409975core:FurnitureFittings2020-12-31 03409975core:PlantMachinery2021-12-31 03409975core:FurnitureFittings2021-12-31 03409975core:FurnitureFittings2021-01-012021-12-31 034099752020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 03409975 (England and Wales)
Rakgard International Limited Unaudited accounts for the year ended 31 December 2021
Rakgard International Limited Unaudited accounts Contents
Page
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Rakgard International Limited Company Information for the year ended 31 December 2021
Director
Ivan James Hodges
Company Number
03409975 (England and Wales)
Registered Office
38 Vale Business Park LLandow Cowbridge CF71 7PF
Accountants
A40infobahn Limited Bron Haul Penlan Road CARMARTHEN Carmarthenshire SA31 1DN
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Rakgard International Limited Accountants' report
Accountants' report to the director of Rakgard International Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rakgard International Limited for the year ended 31 December 2021 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Rakgard International Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Rakgard International Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rakgard International Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rakgard International Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rakgard International Limited. You consider that Rakgard International Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rakgard International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
A40infobahn Limited Bron Haul Penlan Road CARMARTHEN Carmarthenshire SA31 1DN 23 September 2022
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Rakgard International Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
256 
756 
Current assets
Inventories
14,433 
25,014 
Debtors
5
8,503 
10,048 
Cash at bank and in hand
8,024 
15,465 
30,960 
50,527 
Creditors: amounts falling due within one year
6
(1,545)
(5,937)
Net current assets
29,415 
44,590 
Total assets less current liabilities
29,671 
45,346 
Creditors: amounts falling due after more than one year
7
(2,297)
(2,297)
Net assets
27,374 
43,049 
Capital and reserves
Called up share capital
85 
85 
Share premium
496 
496 
Profit and loss account
26,793 
42,468 
Shareholders' funds
27,374 
43,049 
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 director acknowledges his 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 and authorised for issue on 23 September 2022 and were signed on its behalf by
Ivan James Hodges Director Company Registration No. 03409975
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Rakgard International Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Rakgard International Limited is a private company, limited by shares, registered in England and Wales, registration number 03409975. The registered office is 38 Vale Business Park, LLandow, Cowbridge, CF71 7PF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
10%
Motor vehicles
10%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
16,940 
1,961 
18,901 
At 31 December 2021
16,940 
1,961 
18,901 
Depreciation
At 1 January 2021
16,959 
1,186 
18,145 
Charge for the year
(19)
519 
500 
At 31 December 2021
16,940 
1,705 
18,645 
Net book value
At 31 December 2021
- 
256 
256 
At 31 December 2020
(19)
775 
756 
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Rakgard International Limited Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
1,007 
2,649 
Amounts due from group undertakings etc.
3,737 
1,737 
Accrued income and prepayments
661 
661 
Other debtors
3,098 
5,001 
8,503 
10,048 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
2,081 
Trade creditors
1,567 
964 
Taxes and social security
- 
(3,840)
Other creditors
- 
588 
Loans from directors
- 
2,326 
Accruals
(22)
3,818 
1,545 
5,937 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Amounts owed to group undertakings and other participating interests
2,293 
2,293 
Taxes and social security
4 
4 
2,297 
2,297 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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