Requite Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04821023 (England and Wales)

Financial Statements for the Year Ended 31 July 2021

for

Requite Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J C Abbott

REGISTERED OFFICE:

260 Field End Road

Ruislip

Middlesex

HA4 9LT

REGISTERED NUMBER:

04821023 (England and Wales)

ACCOUNTANTS:

Farrell & Co

1C Amberside

Wood Lane

Hemel Hempstead

Hertfordshire

HP2 4TP

FIXED ASSETS

Tangible assets

4

526

526

CURRENT ASSETS

Cash at bank

204

204

CREDITORS

Amounts falling due within one year

5

8,161

8,161

NET CURRENT LIABILITIES

(7,957

)

(7,957

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,431

)

(7,431

)

PROVISIONS FOR LIABILITIES

100

100

NET LIABILITIES

(7,531

)

(7,531

)

CAPITAL AND RESERVES

Called up share capital

6

200

200

Retained earnings

7

(7,731

)

(7,731

)

SHAREHOLDERS' FUNDS

(7,531

)

(7,531

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 April 2022 and were signed by:

Mr J C Abbott - Director

1.	STATUTORY INFORMATION

Requite 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2020

and 31 July 2021

8,389

DEPRECIATION

At 1 August 2020

and 31 July 2021

7,863

NET BOOK VALUE

At 31 July 2021

526

At 31 July 2020

526

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Taxation and social security

1,566

1,566

Other creditors

6,595

6,595

8,161

8,161

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.21

31.7.20

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary B

£1

100

100

200

200

7.

RESERVES

Retained

earnings

£

At 1 August 2020

(7,731

)

Profit for the year

-

At 31 July 2021

(7,731

)