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REGISTERED NUMBER: 02459656 (England and Wales)















Road Runners Despatch Limited

Report of the Directors and

Unaudited Financial Statements

for the year ended

31 May 2022






Road Runners Despatch Limited (Registered number: 02459656)

Contents of the Financial Statements
for the year ended 31 May 2022










Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Statement of Financial Position 5 to 6

Notes to the Financial Statements 7 to 9


Road Runners Despatch Limited

Company Information
for the year ended 31 May 2022







DIRECTORS: C L Littlewood
S A Littlewood





SECRETARY: S A Littlewood





REGISTERED OFFICE: 1 Westfield Lane
Woodborough
Nottingham
Nottinghamshire
NG14 6EP





REGISTERED NUMBER: 02459656 (England and Wales)





ACCOUNTANTS: Haines Watts Rostrons
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Road Runners Despatch Limited (Registered number: 02459656)

Report of the Directors
for the year ended 31 May 2022


The directors present their report with the financial statements of the company for the year ended 31 May 2022.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2021 to the date of this report.

C L Littlewood
S A Littlewood

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Director


16 August 2022

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Road Runners Despatch Limited



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Road Runners Despatch Limited for the year ended 31 May 2022 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Road Runners Despatch Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Road Runners Despatch Limited and state those matters that we have agreed to state to the Board of Directors of Road Runners Despatch Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Road Runners Despatch Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Road Runners Despatch Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Road Runners Despatch Limited. You consider that Road Runners Despatch Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Road Runners Despatch Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts Rostrons
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


16 August 2022

Road Runners Despatch Limited (Registered number: 02459656)

Income Statement
for the year ended 31 May 2022

2022 2021
Notes £    £   

TURNOVER 716,214 459,735

Cost of sales 419,872 249,684
GROSS PROFIT 296,342 210,051

Administrative expenses 66,623 90,763
OPERATING PROFIT and
PROFIT BEFORE TAXATION 229,719 119,288

Tax on profit 47,124 25,741
PROFIT FOR THE FINANCIAL YEAR 182,595 93,547

Road Runners Despatch Limited (Registered number: 02459656)

Statement of Financial Position
31 May 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 5 40,621 18,771

CURRENT ASSETS
Debtors 6 93,616 56,810
Cash at bank and in hand 185,583 98,876
279,199 155,686
CREDITORS
Amounts falling due within one year 7 (177,329 ) (72,279 )
NET CURRENT ASSETS 101,870 83,407
TOTAL ASSETS LESS CURRENT LIABILITIES 142,491 102,178

PROVISIONS FOR LIABILITIES (7,718 ) -
NET ASSETS 134,773 102,178

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 134,673 102,078
134,773 102,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Road Runners Despatch Limited (Registered number: 02459656)

Statement of Financial Position - continued
31 May 2022


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2022 and were signed on its behalf by:




C L Littlewood - Director



S A Littlewood - Director


Road Runners Despatch Limited (Registered number: 02459656)

Notes to the Financial Statements
for the year ended 31 May 2022


1. STATUTORY INFORMATION

Road Runners Despatch 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 May 2022 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 June 2020.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on reducing balance
Motor vehicles - 33% on cost

Financial instruments
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.

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.

Taxation
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.

Road Runners Despatch Limited (Registered number: 02459656)

Notes to the Financial Statements - continued
for the year ended 31 May 2022


2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, when it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in other income within profit or loss. This includes the Government Coronavirus Job Retention Scheme ('Furlough').

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2022 2021
£    £   
Depreciation - owned assets 7,117 11,703

Road Runners Despatch Limited (Registered number: 02459656)

Notes to the Financial Statements - continued
for the year ended 31 May 2022


5. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 June 2021 12,329 33,817 46,146
Additions 1,780 40,283 42,063
Disposals - (33,817 ) (33,817 )
At 31 May 2022 14,109 40,283 54,392
DEPRECIATION
At 1 June 2021 11,012 16,363 27,375
Charge for year 749 6,368 7,117
Eliminated on disposal - (20,721 ) (20,721 )
At 31 May 2022 11,761 2,010 13,771
NET BOOK VALUE
At 31 May 2022 2,348 38,273 40,621
At 31 May 2021 1,317 17,454 18,771

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 93,173 54,260
Other debtors 443 2,550
93,616 56,810

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 4,181 3,124
Taxation and social security 84,853 48,303
Other creditors 88,295 20,852
177,329 72,279

8. FIRST YEAR ADOPTION

These financial statements for the year ended 31 May 2022 are the first that are prepared in accordance with FRS 102 section 1A. Previous financial statements were prepared in accordance with FRS 105. No transitional adjustments have been required to the comparative period.