Roi Nadin Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11999830 (England and Wales)

Financial Statements for the Year Ended 31 May 2023

for

Roi Nadin Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Nadin

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

11999830 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

844

1,125

CURRENT ASSETS

Debtors

5

79,358

45,978

Cash at bank

21,660

6,292

101,018

52,270

CREDITORS

Amounts falling due within one year

6

91,887

40,949

NET CURRENT ASSETS

9,131

11,321

TOTAL ASSETS LESS CURRENT LIABILITIES

9,975

12,446

CREDITORS

Amounts falling due after more than one year

7

8,504

12,036

NET ASSETS

1,471

410

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,469

408

SHAREHOLDERS' FUNDS

1,471

410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:

Mr R Nadin - Director

1.	STATUTORY INFORMATION

Roi Nadin Ltd 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

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 balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2022

and 31 May 2023

1,500

DEPRECIATION

At 1 June 2022

375

Charge for year

281

At 31 May 2023

656

NET BOOK VALUE

At 31 May 2023

844

At 31 May 2022

1,125

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

20,025

-

Other debtors

59,333

45,978

79,358

45,978

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans and overdrafts

3,255

3,267

Taxation and social security

85,002

37,016

Other creditors

3,630

666

91,887

40,949

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans

8,504

12,036

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23

31.5.22

£

£

Mr R Nadin and Mr R Nadin

Balance outstanding at start of year

45,978

-

Amounts advanced

142,366

45,978

Amounts repaid

(129,010

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

59,334

45,978

The company has charged the commercial rate of interest on the overdrawn loan account.

9.	RELATED PARTY DISCLOSURES

The director Mr. R Nadin is considered to be key management personnel.