Requip Supplies Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02609427 (England and Wales)

REQUIP SUPPLIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mrs E H Sydenham

D I Sydenham

C I Sydenham

M T Weare

R A H Gill

REGISTERED OFFICE:

1 Vulcan Way

Coalville

LE67 3AP

REGISTERED NUMBER:

02609427 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michael Argyle BSc ACA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

CURRENT ASSETS

Debtors

4

6,744

83,156

Cash at bank and in hand

163,378

111,361

170,122

194,517

CREDITORS

Amounts falling due within one year

5

10,344

141,151

NET CURRENT ASSETS

159,778

53,366

TOTAL ASSETS LESS CURRENT LIABILITIES

159,778

53,366

CAPITAL AND RESERVES

Called up share capital

6

501

501

Capital redemption reserve

499

499

Retained earnings

158,778

52,366

SHAREHOLDERS' FUNDS

159,778

53,366

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 12 October 2023 and were signed on its behalf by:

M T Weare - Director

R A H Gill - Director

1.	STATUTORY INFORMATION

Requip Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

2,413

77,177

Tax

4,235

-

VAT

96

5,979

6,744

83,156

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1,717

4,191

Amounts owed to group undertakings

3,127

71,262

Corporation tax

-

60,698

Accruals and deferred income

5,500

5,000

10,344

141,151

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

501

Ordinary

£1

501

501

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Argyle BSc ACA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by CMS Cepcor (Holdings) Limited, a company incorporated in England and Wales. The principal place of business of CMS Cepcor (Holdings) Limited is:

1 Vulcan Way

Coalville

Leicestershire

LE67 3AP