RGRA COMMERCE GROUP LTD

RGRA COMMERCE GROUP LTD - Company Information

2021-02-012022-01-312022-01-31false12402157RGRA COMMERCE GROUP LTD2022-10-2447910iso4217:GBPxbrli:pure124021572021-02-01124021572022-01-31124021572021-02-012022-01-31124021572020-01-14124021572021-01-31124021572020-01-142021-01-3112402157bus:SmallEntities2021-02-012022-01-3112402157bus:AuditExempt-NoAccountantsReport2021-02-012022-01-3112402157bus:FullAccounts2021-02-012022-01-3112402157bus:PrivateLimitedCompanyLtd2021-02-012022-01-3112402157core:WithinOneYear2022-01-3112402157core:AfterOneYear2022-01-3112402157core:WithinOneYear2021-01-3112402157core:AfterOneYear2021-01-3112402157core:ShareCapital2022-01-3112402157core:SharePremium2022-01-3112402157core:RevaluationReserve2022-01-3112402157core:OtherReservesSubtotal2022-01-3112402157core:RetainedEarningsAccumulatedLosses2022-01-3112402157core:ShareCapital2021-01-3112402157core:SharePremium2021-01-3112402157core:RevaluationReserve2021-01-3112402157core:OtherReservesSubtotal2021-01-3112402157core:RetainedEarningsAccumulatedLosses2021-01-3112402157core:LandBuildings2022-01-3112402157core:PlantMachinery2022-01-3112402157core:Vehicles2022-01-3112402157core:FurnitureFittings2022-01-3112402157core:OfficeEquipment2022-01-3112402157core:NetGoodwill2022-01-3112402157core:IntangibleAssetsOtherThanGoodwill2022-01-3112402157core:ListedExchangeTraded2022-01-3112402157core:UnlistedNon-exchangeTraded2022-01-3112402157core:LandBuildings2021-01-3112402157core:PlantMachinery2021-01-3112402157core:Vehicles2021-01-3112402157core:FurnitureFittings2021-01-3112402157core:OfficeEquipment2021-01-3112402157core:NetGoodwill2021-01-3112402157core:IntangibleAssetsOtherThanGoodwill2021-01-3112402157core:ListedExchangeTraded2021-01-3112402157core:UnlistedNon-exchangeTraded2021-01-3112402157core:LandBuildings2021-02-012022-01-3112402157core:PlantMachinery2021-02-012022-01-3112402157core:Vehicles2021-02-012022-01-3112402157core:FurnitureFittings2021-02-012022-01-3112402157core:OfficeEquipment2021-02-012022-01-3112402157core:NetGoodwill2021-02-012022-01-3112402157core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3112402157core:ListedExchangeTraded2021-02-012022-01-3112402157core:UnlistedNon-exchangeTraded2021-02-012022-01-3112402157core:MoreThanFiveYears2021-02-012022-01-3112402157core:Non-currentFinancialInstruments2022-01-3112402157core:Non-currentFinancialInstruments2021-01-3112402157dpl:CostSales2021-02-012022-01-3112402157dpl:DistributionCosts2021-02-012022-01-3112402157dpl:AdministrativeExpenses2021-02-012022-01-3112402157core:LandBuildings2021-02-012022-01-3112402157core:PlantMachinery2021-02-012022-01-3112402157core:Vehicles2021-02-012022-01-3112402157core:FurnitureFittings2021-02-012022-01-3112402157core:OfficeEquipment2021-02-012022-01-3112402157core:NetGoodwill2021-02-012022-01-3112402157core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3112402157dpl:GroupUndertakings2021-02-012022-01-3112402157dpl:ParticipatingInterests2021-02-012022-01-3112402157dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3112402157core:ListedExchangeTraded2021-02-012022-01-3112402157dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3112402157core:UnlistedNon-exchangeTraded2021-02-012022-01-3112402157dpl:CostSales2020-01-142021-01-3112402157dpl:DistributionCosts2020-01-142021-01-3112402157dpl:AdministrativeExpenses2020-01-142021-01-3112402157core:LandBuildings2020-01-142021-01-3112402157core:PlantMachinery2020-01-142021-01-3112402157core:Vehicles2020-01-142021-01-3112402157core:FurnitureFittings2020-01-142021-01-3112402157core:OfficeEquipment2020-01-142021-01-3112402157core:NetGoodwill2020-01-142021-01-3112402157core:IntangibleAssetsOtherThanGoodwill2020-01-142021-01-3112402157dpl:GroupUndertakings2020-01-142021-01-3112402157dpl:ParticipatingInterests2020-01-142021-01-3112402157dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-142021-01-3112402157core:ListedExchangeTraded2020-01-142021-01-3112402157dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-142021-01-3112402157core:UnlistedNon-exchangeTraded2020-01-142021-01-3112402157core:NetGoodwill2022-01-3112402157core:IntangibleAssetsOtherThanGoodwill2022-01-3112402157core:LandBuildings2022-01-3112402157core:PlantMachinery2022-01-3112402157core:Vehicles2022-01-3112402157core:FurnitureFittings2022-01-3112402157core:OfficeEquipment2022-01-3112402157core:AfterOneYear2022-01-3112402157core:WithinOneYear2022-01-3112402157core:ListedExchangeTraded2022-01-3112402157core:UnlistedNon-exchangeTraded2022-01-3112402157core:ShareCapital2022-01-3112402157core:SharePremium2022-01-3112402157core:RevaluationReserve2022-01-3112402157core:OtherReservesSubtotal2022-01-3112402157core:RetainedEarningsAccumulatedLosses2022-01-3112402157core:NetGoodwill2021-01-3112402157core:IntangibleAssetsOtherThanGoodwill2021-01-3112402157core:LandBuildings2021-01-3112402157core:PlantMachinery2021-01-3112402157core:Vehicles2021-01-3112402157core:FurnitureFittings2021-01-3112402157core:OfficeEquipment2021-01-3112402157core:AfterOneYear2021-01-3112402157core:WithinOneYear2021-01-3112402157core:ListedExchangeTraded2021-01-3112402157core:UnlistedNon-exchangeTraded2021-01-3112402157core:ShareCapital2021-01-3112402157core:SharePremium2021-01-3112402157core:RevaluationReserve2021-01-3112402157core:OtherReservesSubtotal2021-01-3112402157core:RetainedEarningsAccumulatedLosses2021-01-3112402157core:NetGoodwill2020-01-1412402157core:IntangibleAssetsOtherThanGoodwill2020-01-1412402157core:LandBuildings2020-01-1412402157core:PlantMachinery2020-01-1412402157core:Vehicles2020-01-1412402157core:FurnitureFittings2020-01-1412402157core:OfficeEquipment2020-01-1412402157core:AfterOneYear2020-01-1412402157core:WithinOneYear2020-01-1412402157core:ListedExchangeTraded2020-01-1412402157core:UnlistedNon-exchangeTraded2020-01-1412402157core:ShareCapital2020-01-1412402157core:SharePremium2020-01-1412402157core:RevaluationReserve2020-01-1412402157core:OtherReservesSubtotal2020-01-1412402157core:RetainedEarningsAccumulatedLosses2020-01-1412402157core:AfterOneYear2021-02-012022-01-3112402157core:WithinOneYear2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:CostValuation2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-02-012022-01-3112402157core:Non-currentFinancialInstrumentscore:CostValuation2022-01-3112402157core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-01-3112402157core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-01-3112402157core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-01-3112402157core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-01-3112402157core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-01-3112402157core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-01-3112402157core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-01-3112402157core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-01-3112402157core:Non-currentFinancialInstrumentscore:CostValuation2021-01-3112402157core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-01-3112402157core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-01-3112402157core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-01-3112402157core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-01-3112402157core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-01-3112402157core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-01-3112402157core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-01-3112402157core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-01-3112402157bus:Director12021-02-012022-01-3112402157bus:Director22021-02-012022-01-3112402157bus:Director32021-02-012022-01-31

Registered Number
12402157
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2022

RGRA COMMERCE GROUP LTD

Company Information
for the year from 1 February 2021 to 31 January 2022


Directors	AUBERT, Arthur David
	AUBERT, Gregory Arthur Jin
	AUBERT, Kim Toon


Registered Address	7 Blackhorse Lane
	Walthamstow
	E17 6DS


Registered Number	12402157 (England and Wales)

RGRA COMMERCE GROUP LTD

Balance Sheet as at
31 January 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		163		293
			163		293
Current assets
Stocks	6	67,840		13,692
Debtors	7	13,309		6,900
Cash at bank and on hand		44,465		31,958
		125,614		52,550
Prepayments and accrued income		-		4,102
Creditors amounts falling due within one year	8	(112,262)		(10,589)
Net current assets (liabilities)			13,352		46,063
Total assets less current liabilities			13,515		46,356
Creditors amounts falling due after one year	9		(50,000)		(50,000)
Net assets			(36,485)		(3,644)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(36,585)		(3,744)
Shareholders' funds			(36,485)		(3,644)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 24 October 2022, and are signed on its behalf by:

AUBERT, Gregory Arthur Jin
Director
Registered Company No. 12402157

RGRA COMMERCE GROUP LTD

Notes to the Financial Statements
for the year ended 31 January 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Going concern
	The accounts have been prepared on the going concern basis of accounting, on the assumption that the directors and the company's bankers will continue to provide financial support to enable the company to continue to meet its liabilities, which exceeded its assets as at 31 January 2022.

4.	Employee information


		2022		2021
	Average number of employees during the year	0		0

5.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 February 21	391	391
At 31 January 22	391	391
Depreciation and impairment
At 01 February 21	98	98
Charge for year	130	130
At 31 January 22	228	228
Net book value
At 31 January 22	163	163
At 31 January 21	293	293

6.	Stocks

	2022	2021
	£	£
Finished goods	67,840	13,692
Total	67,840	13,692

7.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	13,309	1,853
Other debtors	-	4,114
Deferred tax asset, debtors	-	933
Total	13,309	6,900


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	8,391	25
Bank borrowings and overdrafts	69	5,864
Taxation and social security	9,204	-
Other creditors	94,598	3,500
Accrued liabilities and deferred income	-	1,200
Total	112,262	10,589


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	50,000	50,000
Total	50,000	50,000