The Running Rabbit Ltd. - Accounts to registrar (filleted) - small 22.3
The Running Rabbit Ltd. - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| The Running Rabbit Ltd. |
| Unaudited Financial Statements |
| for the Year Ended 31st August 2022 |
| The Running Rabbit Ltd. (Registered number: 03075991) |
| Contents of the Financial Statements |
| for the year ended 31st August 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| The Running Rabbit Ltd. |
| Company Information |
| for the year ended 31st August 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 310 Wellingborough Road |
| Northampton |
| NN1 4EP |
| The Running Rabbit Ltd. (Registered number: 03075991) |
| Balance Sheet |
| 31st August 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 |
| The Running Rabbit Ltd. (Registered number: 03075991) |
| Notes to the Financial Statements |
| for the year ended 31st August 2022 |
| 1. | STATUTORY INFORMATION |
| The Running Rabbit Ltd. is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The principal activity of the company in the year under review was that of a sports and leisure club. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover represents the value, excluding value added tax, of goods and services supplies to customers during the year. |
| Tangible fixed assets |
| Leasehold improvements | - |
| Fixtures, fittings & equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items. |
| In the case of stocks for resale , cost means invoice price on a first in, first out basis. Net realisable value means estimated selling price. |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| Going concern |
| The financial statements have been prepared on the going concern basis as the directors will continue to support the company.Therefore in the opinion of the directors the company will continue to trade for a period of twelve months following the approval of these financial statement. |
| The Running Rabbit Ltd. (Registered number: 03075991) |
| Notes to the Financial Statements - continued |
| for the year ended 31st August 2022 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures, |
| Leasehold | fittings |
| improvements | & equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st September 2021 |
| Additions |
| At 31st August 2022 |
| DEPRECIATION |
| At 1st September 2021 |
| Charge for year |
| At 31st August 2022 |
| NET BOOK VALUE |
| At 31st August 2022 |
| At 31st August 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 19,584 | 24,584 |
| The Running Rabbit Ltd. (Registered number: 03075991) |
| Notes to the Financial Statements - continued |
| for the year ended 31st August 2022 |
| 9. | PROVISIONS FOR LIABILITIES |
| 2022 |
| £ |
| Deferred tax | 6,500 |
| Deferred |
| tax |
| £ |
| Balance at 1st September 2021 | ( |
) |
| Charge to Income Statement during year |
| Balance at 31st August 2022 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary | £1 | 99 | 99 |
| 11. | CONTINGENT LIABILITIES |
| There were no contingent liabilities as at 31st August 2022 or 31st August 2021 |
| . |
| 12. | CAPITAL COMMITMENTS |
| There were no capital commitments as at 31st August 2022 or 31st August 2021 |
| . |
| 13. | RELATED PARTY DISCLOSURES |