R & M Retail Ltd - Accounts

R & M Retail Ltd - Accounts

R & M RETAIL LTD - Company Information

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Registered Number: 13130693
England and Wales

 

 

 

R & M RETAIL LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 13 January 2021

End date: 31 January 2022

R & M Retail Ltd
Contents Page
For the period ended 31 January 2022
Director Bains Brar Nikki Kaur
Registered Number 13130693
Registered Office 830a Greengates Lodge
Harrogate Road Bradford
West Yorkshire
United Kingdom
BD10 0RA
Accountants Simply Happy Accounting ltd
Greengates Lodge, 830a Harrogate Road
England
Bradford
BD10 0RA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 January 2022.
Principal activities
Principal activity of the company during the financial period was of retail sale in non-specialised stores with food, beverages or tobacco.
Directors
The directors who served the company during the period were as follows:
Bains Brar Nikki Kaur
Harinder Singh Mawi
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Bains Brar Nikki Kaur
Director

Date approved: 03 October 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 January 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Simply Happy Accounting ltd
31 January 2022



....................................................
Simply Happy Accounting ltd
Greengates Lodge, 830a Harrogate Road
England
Bradford
BD10 0RA
03 October 2023
3
 
 		 Notes
 		 2022
£
Fixed assets    
Intangible fixed assets 3 2,160 
Tangible fixed assets 4 18,568 
20,728 
Current assets    
Stocks 5 20,750 
Cash at bank and in hand 18,526 
39,276 
Creditors: amount falling due within one year 6 (32,788)
Net current assets 6,488 
 
Total assets less current liabilities 27,216 
Creditors: amount falling due after more than one year 7 (14,332)
Net assets 12,884 
 

Capital and reserves 		   
Called up share capital 8 2 
Profit and loss account 12,882 
Shareholder's funds 12,884 
 


For the period ended 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 October 2023 and were signed on its behalf by:


-------------------------------
Bains Brar Nikki Kaur
Director
4
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 13 January 2021 - 
Profit for the period 12,882  12,882 
Total comprehensive income for the period -  -  -  12,882  12,882 
Shares issued 2  2 
Total investments by and distributions to owners 2  -  -  -  2 
At 31 January 2022 2  12,882  12,884 
5
General Information
R & M Retail Ltd is a private company, limited by shares, registered in England and Wales, registration number 13130693, registration address 830a Greengates Lodge, Harrogate Road Bradford, West Yorkshire, United Kingdom, BD10 0RA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 20%
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 5.
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 13 January 2021 -    - 
Additions 2,400    2,400 
Disposals -    - 
At 31 January 2022 2,400    2,400 
Amortisation
At 13 January 2021 -    - 
Charge for period 240    240 
On disposals -    - 
At 31 January 2022 240    240 
Net book values
At 31 January 2022 2,160    2,160 
At 12 January 2021 -    - 


4.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 13 January 2021 -    - 
Additions 23,210    23,210 
Disposals -    - 
At 31 January 2022 23,210    23,210 
Depreciation
At 13 January 2021 -    - 
Charge for period 4,642    4,642 
On disposals -    - 
At 31 January 2022 4,642    4,642 
Net book values
Closing balance as at 31 January 2022 18,568    18,568 
Opening balance as at 13 January 2021 -    - 


5.

Stocks

2022
£
Stocks 20,750 
20,750 

6.

Creditors: amount falling due within one year

2022
£
Corporation Tax 2,517 
PAYE & Social Security 2,030 
Other Creditors 24,322 
Obligations under HP/Financial Leases 3,919 
32,788 

7.

Creditors: amount falling due after more than one year

2022
£
Other Creditors 9,760 
Obligations Under HP/Financial Leases 4,572 
14,332 

8.

Share Capital

Allotted, called up and fully paid
2022
£
2 Class A shares of £1.00 each 2 
2 

6