R&R Commercial (Uk) Limited - Accounts to registrar (filleted) - small 23.2.5

R&R Commercial (Uk) Limited - Accounts to registrar (filleted) - small 23.2.5

R&R COMMERCIAL (UK) LIMITED - Company Information

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REGISTERED NUMBER: 07411694 (England and Wales)


Financial Statements for the Year Ended 29 February 2024

for

R&R Commercial (Uk) Limited
R&R Commercial (Uk) Limited (Registered number: 07411694)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R&R Commercial (Uk) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr Robin Nagpal
Mrs Ruby Sahney Nagpal





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 07411694 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD
Page 1
R&R Commercial (Uk) Limited (Registered number: 07411694)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,872 40,872
Tangible assets 5 79,863 85,865
120,735 126,737

CURRENT ASSETS
Stocks 75,097 69,479
Debtors 6 95,380 134,928
Cash at bank and in hand 41,578 57,758
212,055 262,165
CREDITORS
Amounts falling due within one year 7 184,231 144,899
NET CURRENT ASSETS 27,824 117,266
TOTAL ASSETS LESS CURRENT
LIABILITIES
148,559
244,003

CREDITORS
Amounts falling due after more than one
year
8
135,129
215,598
NET ASSETS 13,430 28,405

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 13,428 28,403
SHAREHOLDERS' FUNDS 13,430 28,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 notes form part of these financial statements

Page 2 continued...
R&R Commercial (Uk) Limited (Registered number: 07411694)

Statement of Financial Position - continued
29 February 2024


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 24 June 2024 and were signed on its behalf by:





Mr Robin Nagpal - Director


The notes form part of these financial statements

Page 3
R&R Commercial (Uk) Limited (Registered number: 07411694)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

R&R Commercial (Uk) 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.

Turnover
Turnover represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill have been amortised at 10% on cost yearly.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 17 ) .

Page 4 continued...
R&R Commercial (Uk) Limited (Registered number: 07411694)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 160,908
AMORTISATION
At 1 March 2023
and 29 February 2024 120,036
NET BOOK VALUE
At 29 February 2024 40,872
At 28 February 2023 40,872

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 5,281 150,123 155,404
Additions - 7,974 7,974
At 29 February 2024 5,281 158,097 163,378
DEPRECIATION
At 1 March 2023 - 69,539 69,539
Charge for year - 13,976 13,976
At 29 February 2024 - 83,515 83,515
NET BOOK VALUE
At 29 February 2024 5,281 74,582 79,863
At 28 February 2023 5,281 80,584 85,865

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 91,348 133,622
Other debtors 4,032 1,306
95,380 134,928

Page 5 continued...
R&R Commercial (Uk) Limited (Registered number: 07411694)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 19,070 19,256
Taxation and social security 18,981 11,736
Other creditors 146,180 113,907
184,231 144,899

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 135,129 215,598

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

Page 6