| RAZORS & BLADES LIMITED |
| Registered number: |
08336846 |
| Balance Sheet |
| for the year ended 31 December 2022 |
|
| Notes |
|
2022 |
|
2021 |
|
|
|
£ |
|
£ |
| Fixed assets |
| Tangible assets |
3 |
|
36,608 |
|
45,760 |
|
| Current assets |
| Stocks |
|
9,600 |
|
4,344 |
| Debtors |
4 |
34,438 |
|
13,050 |
| Cash at bank and in hand |
|
1,990 |
|
1,351 |
|
|
46,028 |
|
18,745 |
|
| Creditors: amounts falling due within one year |
5 |
(6,907) |
|
(10,336) |
|
| Net current assets |
|
|
39,121 |
|
8,409 |
|
| Total assets less current liabilities |
|
|
75,729 |
|
54,169 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(51,250) |
|
(50,000) |
|
|
|
| Total assets less current liabilities |
|
|
£24,479 |
|
£4,169 |
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
100 |
|
100 |
| Profit and loss account |
|
|
24,379 |
|
4,069 |
|
| Shareholder's funds |
|
|
£24,479 |
|
£4,169 |
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| SELINA NAOMI OSEI |
| Director |
| Approved by the board on 21 September 2023 |
|
| RAZORS & BLADES LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 as applied to small entities by section 1A of the standard. The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% Reducing balance |
|
Motor vehicles |
20% Reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
| 2 |
Employees |
2022 |
2021 |
|
|
|
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
2 |
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Plant and machinery etc |
Motor vehicles |
Total |
|
|
£ |
£ |
£ |
|
Cost |
|
At 1 January 2022 |
45,168 |
50,000 |
95,168 |
|
At 31 December 2022 |
£45,168 |
£50,000 |
£95,168 |
|
|
|
|
|
|
Depreciation |
|
At 1 January 2022 |
25,168 |
24,240 |
49,408 |
|
Charge for the year |
4,000 |
5,152 |
9,152 |
|
At 31 December 2022 |
£29,168 |
£29,392 |
£58,560 |
|
|
|
|
|
|
Net book value |
|
At 31 December 2022 |
£16,000 |
£20,608 |
£36,608 |
|
At 31 December 2021 |
£20,000 |
25,760.00 |
£45,760 |
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2022 |
2021 |
|
|
|
£ |
£ |
|
|
Trade debtors |
14,938 |
2,550 |
|
Other debtors |
19,500 |
10,500 |
|
|
|
34,438 |
13,050 |
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
2021 |
|
|
|
£ |
£ |
|
|
Trade creditors |
372 |
6,949 |
|
Corporation tax |
2,332 |
- |
|
Other creditors |
4,203 |
3,387 |
|
|
|
6,907 |
10,336 |
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2022 |
2021 |
|
|
|
£ |
£ |
|
|
Bank loans |
51,250 |
50,000 |
|
|
|
|
|
|
| 7 |
Other information |
|
|
RAZORS & BLADES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
3rd Floor |
|
86-90 Paul Street Paul Street |
|
London |
|
EC2A 4NE |
