Company Registration No. 8338208 (England and Wales)
Rixxo Limited
Unaudited accounts
for the year ended 31 December 2020
Rixxo Limited
Unaudited accounts
Contents
Rixxo Limited
Company Information
for the year ended 31 December 2020
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 2020
Intangible assets
19,890
31,884
Tangible assets
64,545
13,639
Cash at bank and in hand
160,854
171,731
Creditors: amounts falling due within one year
(82,948)
(113,949)
Net current assets
146,921
136,629
Net assets
231,356
182,152
Called up share capital
2
2
Profit and loss account
231,354
182,150
Shareholders' funds
231,356
182,152
For the year ending 31 December 2020 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 8 September 2021 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 2020
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.
The accounts are presented in £ sterling.
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 2020
4
Intangible fixed assets
Other
At 31 December 2020
90,173
Charge for the year
19,611
At 31 December 2020
70,283
At 31 December 2020
19,890
At 31 December 2019
31,884
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 2020
6,012
-
3,430
27,312
36,754
Additions
-
48,340
3,814
2,972
55,126
At 31 December 2020
6,012
48,340
7,244
30,284
91,880
At 1 January 2020
4,196
-
1,227
17,692
23,115
Charge for the year
454
-
681
3,085
4,220
At 31 December 2020
4,650
-
1,908
20,777
27,335
At 31 December 2020
1,362
48,340
5,336
9,507
64,545
At 31 December 2019
1,816
-
2,203
9,620
13,639
6
Debtors: amounts falling due within one year
2020
2019
Trade debtors
59,243
62,135
Accrued income and prepayments
7,501
7,365
Rixxo Limited
Notes to the Accounts
for the year ended 31 December 2020
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
50,000
4,430
Trade creditors
10,654
6,229
Taxes and social security
3,278
11,512
Other creditors
7,813
3,692
Loans from directors
(34,432)
57,256
Deferred income
5,614
13,305
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Operating lease commitments
2020
2019
At 31 December 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
13,623
3,406
Within two to five years
30,651
-
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 8 (2019: 7).
