R&R Commercial (Uk) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07411694 (England and Wales)

Financial Statements for the Year Ended 28 February 2023

for

R&R Commercial (Uk) Limited

Page

Company Information

1

Statement of Financial Position

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

40,872

56,963

Tangible assets

5

85,865

75,530

126,737

132,493

CURRENT ASSETS

Stocks

69,479

68,138

Debtors

6

134,928

126,836

Cash at bank and in hand

57,758

167,006

262,165

361,980

CREDITORS

Amounts falling due within one year

7

144,899

215,100

NET CURRENT ASSETS

117,266

146,880

TOTAL ASSETS LESS CURRENT LIABILITIES

244,003

279,373

CREDITORS

Amounts falling due after more than one year

8

215,598

251,245

NET ASSETS

28,405

28,128

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

28,403

28,126

SHAREHOLDERS' FUNDS

28,405

28,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 June 2023 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 have been amortised at 10% on cost yearly.

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 etc

-

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 17 (2022 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2022

and 28 February 2023

160,908

AMORTISATION

At 1 March 2022

103,945

Charge for year

16,091

At 28 February 2023

120,036

NET BOOK VALUE

At 28 February 2023

40,872

At 28 February 2022

56,963

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2022

5,281

124,310

129,591

Additions

-

25,813

25,813

At 28 February 2023

5,281

150,123

155,404

DEPRECIATION

At 1 March 2022

-

54,061

54,061

Charge for year

-

15,478

15,478

At 28 February 2023

-

69,539

69,539

NET BOOK VALUE

At 28 February 2023

5,281

80,584

85,865

At 28 February 2022

5,281

70,249

75,530

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Trade debtors

133,622

125,495

Other debtors

1,306

1,341

134,928

126,836

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Trade creditors

19,256

24,126

Taxation and social security

11,736

13,601

Other creditors

113,907

177,373

144,899

215,100

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.23

28.2.22

£

£

Bank loans

215,598

251,245

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.23

28.2.22

value:

£

£

2

Ordinary

£1

2

2