1 January 2021 false No description of principal activity Taxfiler 2022.8.3 06770004business:PrivateLimitedCompanyLtd2021-01-012021-12-31 067700042020-12-31 067700042021-01-012021-12-31 06770004business:AuditExemptWithAccountantsReport2021-01-012021-12-31 06770004business:FullAccounts2021-01-012021-12-31 067700042021-12-31 06770004business:Director12021-01-012021-12-31 06770004business:RegisteredOffice2021-01-012021-12-31 067700042020-12-31 06770004core:WithinOneYear2021-12-31 06770004core:WithinOneYear2020-12-31 06770004core:AfterOneYear2021-12-31 06770004core:AfterOneYear2020-12-31 06770004core:ShareCapital2021-12-31 06770004core:ShareCapital2020-12-31 06770004core:RetainedEarningsAccumulatedLosses2021-12-31 06770004core:RetainedEarningsAccumulatedLosses2020-12-31 06770004business:SmallEntities2021-01-012021-12-31 06770004countries:EnglandWales2021-01-012021-12-31 06770004core:PlantMachinery2021-01-012021-12-31 06770004core:FurnitureFittings2021-01-012021-12-31 06770004core:ComputerEquipment2021-01-012021-12-31 06770004core:PlantMachinery2020-12-31 06770004core:FurnitureFittings2020-12-31 06770004core:ComputerEquipment2020-12-31 06770004core:PlantMachinery2021-12-31 06770004core:FurnitureFittings2021-12-31 06770004core:ComputerEquipment2021-12-31 06770004business:OrdinaryShareClass12021-01-012021-12-31 06770004business:OrdinaryShareClass12020-01-012020-12-31 067700042020-01-012020-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06770004 (England and Wales)
RICOEurope Ltd Unaudited accounts for the year ended 31 December 2021
RICOEurope Ltd Unaudited accounts Contents
Page
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RICOEurope Ltd Company Information for the year ended 31 December 2021
Director
Christopher Harvey-Rico
Company Number
06770004 (England and Wales)
Registered Office
Unit 1-2 Badby Park Heartlands Business Park Daventry Northants NN11 8YT
Accountants
McTernan Associates Ltd 5 Clapham Chase Clapham Bedford Bedfordshire MK41 6FA
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RICOEurope Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,845 
20,443 
Current assets
Inventories
283,841 
234,502 
Debtors
50,933 
32,719 
Cash at bank and in hand
85,512 
32,390 
420,286 
299,611 
Creditors: amounts falling due within one year
(154,757)
(114,325)
Net current assets
265,529 
185,286 
Total assets less current liabilities
327,374 
205,729 
Creditors: amounts falling due after more than one year
(54,338)
(50,778)
Net assets
273,036 
154,951 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
272,036 
153,951 
Shareholders' funds
273,036 
154,951 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 August 2022 and were signed on its behalf by
Christopher Harvey-Rico Director Company Registration No. 06770004
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RICOEurope Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
RICOEurope Ltd is a private company, limited by shares, registered in England and Wales, registration number 06770004. The registered office is Unit 1-2 Badby Park, Heartlands Business Park, Daventry, Northants, NN11 8YT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Fixtures & fittings
18%
Computer equipment
33.3%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2021
7,587 
26,701 
29,617 
63,905 
Additions
56,837 
2,504 
16,080 
75,421 
Disposals
(7,587)
(26,701)
(29,617)
(63,905)
At 31 December 2021
56,837 
2,504 
16,080 
75,421 
Depreciation
At 1 January 2021
1,963 
25,030 
16,469 
43,462 
Charge for the year
15,855 
2,122 
16,042 
34,019 
On disposals
(7,587)
(26,701)
(29,617)
(63,905)
At 31 December 2021
10,231 
451 
2,894 
13,576 
Net book value
At 31 December 2021
46,606 
2,053 
13,186 
61,845 
At 31 December 2020
5,624 
1,671 
13,148 
20,443 
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RICOEurope Ltd Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
50,933 
32,719 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
10,150 
12,777 
Trade creditors
56,858 
36,933 
Taxes and social security
26,859 
39,117 
Other creditors
14,742 
- 
Loans from directors
46,148 
25,498 
154,757 
114,325 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
54,338 
50,778 
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 6 (2020: 6).
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