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

REGISTERED NUMBER: 07411694 (England and Wales)

Financial Statements for the Year Ended 31 January 2021

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

73,054

89,145

Tangible assets

5

74,382

43,989

147,436

133,134

CURRENT ASSETS

Stocks

6

69,625

70,525

Debtors

7

57,019

7,500

Cash at bank and in hand

79,525

3,192

206,169

81,217

CREDITORS

Amounts falling due within one year

8

173,300

143,810

NET CURRENT ASSETS/(LIABILITIES)

32,869

(62,593

)

TOTAL ASSETS LESS CURRENT LIABILITIES

180,305

70,541

CREDITORS

Amounts falling due after more than one year

9

153,324

68,390

NET ASSETS

26,981

2,151

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

26,979

2,149

SHAREHOLDERS' FUNDS

26,981

2,151

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 27 September 2021 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, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

-

33% on cost

Fixtures and fittings

-

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 year was 12 (2020 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2020

and 31 January 2021

160,908

AMORTISATION

At 1 February 2020

71,763

Charge for year

16,091

At 31 January 2021

87,854

NET BOOK VALUE

At 31 January 2021

73,054

At 31 January 2020

89,145

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2020

5,281

65,579

70,860

Additions

-

43,317

43,317

At 31 January 2021

5,281

108,896

114,177

DEPRECIATION

At 1 February 2020

-

26,871

26,871

Charge for year

-

12,924

12,924

At 31 January 2021

-

39,795

39,795

NET BOOK VALUE

At 31 January 2021

5,281

69,101

74,382

At 31 January 2020

5,281

38,708

43,989

6.

STOCKS

31.1.21

31.1.20

£

£

Closing Stocks

69,625

70,525

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade debtors

7,215

3,000

Other debtors

49,804

4,500

57,019

7,500

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Bank loans and overdrafts

18,187

29,044

Hire purchase contracts

1,066

-

Trade creditors

60,685

54,815

Taxation and social security

16,748

8,425

Other creditors

76,614

51,526

173,300

143,810

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.21

31.1.20

£

£

Bank loans

150,203

68,390

Hire purchase contracts

3,121

-

153,324

68,390

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.21

31.1.20

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

earnings

£

At 1 February 2020

2,149

Profit for the year

64,830

Dividends

(40,000

)

At 31 January 2021

26,979