Company Registration No. 8338208 (England and Wales)
Rixxo Limited
Unaudited accounts
for the year ended 31 December 2022
Rixxo Limited
Unaudited accounts
Contents
Rixxo Limited
Company Information
for the year ended 31 December 2022
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 2022
Intangible assets
2,542
7,836
Tangible assets
41,708
53,547
Cash at bank and in hand
337,756
360,478
Creditors: amounts falling due within one year
(93,845)
(91,670)
Net current assets
301,077
308,944
Total assets less current liabilities
345,327
370,327
Provisions for liabilities
Deferred tax
(7,599)
(10,292)
Net assets
337,728
360,035
Called up share capital
2
2
Profit and loss account
337,726
360,033
Shareholders' funds
337,728
360,035
For the year ending 31 December 2022 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 13 September 2023 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 2022
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.
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 2022
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
4
Intangible fixed assets
Other
At 31 December 2022
90,173
At 31 December 2022
87,631
Rixxo Limited
Notes to the Accounts
for the year ended 31 December 2022
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 2022
6,012
49,120
7,350
35,187
97,669
Additions
-
-
-
1,935
1,935
At 31 December 2022
6,012
49,120
7,350
37,122
99,604
At 1 January 2022
5,007
12,276
3,238
23,601
44,122
Charge for the year
255
9,210
1,027
3,282
13,774
At 31 December 2022
5,262
21,486
4,265
26,883
57,896
At 31 December 2022
750
27,634
3,085
10,239
41,708
At 31 December 2021
1,005
36,844
4,112
11,586
53,547
Amounts falling due within one year
Trade debtors
23,561
32,659
Accrued income and prepayments
25,435
7,477
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
13,640
11,864
Taxes and social security
22,543
9,519
Other creditors
1,828
2,096
Loans from directors
(6,767)
4,350
Deferred income
9,000
28,779
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Rixxo Limited
Notes to the Accounts
for the year ended 31 December 2022
9
Operating lease commitments
2022
2021
At 31 December 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,406
13,623
Later than one year and not later than five years
-
3,406
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short-term interest free loan
-
6,767
-
6,767
A short term borrowing from reserves repaid by interim dividend during April 2023.
11
Average number of employees
During the year the average number of employees was 10 (2021: 10).
