Red & Racz Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09807977 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 December 2022

for

Red & Racz Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Mike Racz

Mr Arvinder Singh Salariya

REGISTERED OFFICE:

Unit 10 Evolution

Wynyard

Business Park

Wynyard

TS22 5TB

REGISTERED NUMBER:

09807977 (England and Wales)

ACCOUNTANTS:

Flannagans Chartered Certified - Hartlepool office

3A Evolution

Wynyard Business Park

Wynyard

TS22 5TB

FIXED ASSETS

Intangible assets

4

3,303,353

3,778,651

Tangible assets

5

867,499

947,700

4,170,852

4,726,351

CURRENT ASSETS

Stocks

69,006

34,717

Debtors

776,585

925,489

Cash in hand

32,322

28,292

877,913

988,498

CREDITORS

Amounts falling due within one year

2,962,965

2,983,182

NET CURRENT LIABILITIES

(2,085,052

)

(1,994,684

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,085,800

2,731,667

CREDITORS

Amounts falling due after more than one year

6

2,275,000

2,463,729

NET (LIABILITIES)/ASSETS

(189,200

)

267,938

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(189,300

)

267,838

SHAREHOLDERS' FUNDS

(189,200

)

267,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 December 2023 and were signed on its behalf by:

Mr Mike Racz - Director

Mr Arvinder Singh Salariya - Director

1.	STATUTORY INFORMATION

Red & Racz 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 134 (2021 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 31 December 2021

4,836,435

Additions

3,605

At 30 December 2022

4,840,040

AMORTISATION

At 31 December 2021

1,057,784

Amortisation for year

478,903

At 30 December 2022

1,536,687

NET BOOK VALUE

At 30 December 2022

3,303,353

At 30 December 2021

3,778,651

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 31 December 2021

2,104,166

Additions

106,870

At 30 December 2022

2,211,036

DEPRECIATION

At 31 December 2021

1,156,466

Charge for year

187,071

At 30 December 2022

1,343,537

NET BOOK VALUE

At 30 December 2022

867,499

At 30 December 2021

947,700

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2022

2021

£

£

Repayable by instalments

Bank loans more 5 yr by instal

715,000

98,648