IRIS Accounts Production v22.1.4.3 03735878 Board of Directors 1.1.21 31.12.21 31.12.21 18.8.22 false true false false true false Auditors Opinion Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure037358782020-12-31037358782021-12-31037358782021-01-012021-12-31037358782019-12-31037358782020-01-012020-12-31037358782020-12-3103735878ns16:EnglandWales2021-01-012021-12-3103735878ns15:PoundSterling2021-01-012021-12-3103735878ns11:Director12021-01-012021-12-3103735878ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3103735878ns11:SmallEntities2021-01-012021-12-3103735878ns11:Audited2021-01-012021-12-3103735878ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3103735878ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3103735878ns11:FullAccounts2021-01-012021-12-3103735878ns11:OrdinaryShareClass12021-01-012021-12-3103735878ns11:Director22021-01-012021-12-3103735878ns11:Director32021-01-012021-12-3103735878ns11:Director42021-01-012021-12-3103735878ns11:CompanySecretary12021-01-012021-12-3103735878ns11:RegisteredOffice2021-01-012021-12-3103735878ns6:CurrentFinancialInstruments2021-12-3103735878ns6:CurrentFinancialInstruments2020-12-3103735878ns6:ShareCapital2021-12-3103735878ns6:ShareCapital2020-12-3103735878ns6:SharePremium2021-12-3103735878ns6:SharePremium2020-12-3103735878ns6:CapitalRedemptionReserve2021-12-3103735878ns6:CapitalRedemptionReserve2020-12-3103735878ns6:RetainedEarningsAccumulatedLosses2021-12-3103735878ns6:RetainedEarningsAccumulatedLosses2020-12-3103735878ns6:LeaseholdImprovements2021-01-012021-12-3103735878ns6:ComputerEquipment2021-01-012021-12-3103735878ns6:LeaseholdImprovements2020-12-3103735878ns6:ComputerEquipment2020-12-3103735878ns6:LeaseholdImprovements2021-12-3103735878ns6:ComputerEquipment2021-12-3103735878ns6:LeaseholdImprovements2020-12-3103735878ns6:ComputerEquipment2020-12-3103735878ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3103735878ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3103735878ns11:OrdinaryShareClass12021-12-3103735878ns6:RetainedEarningsAccumulatedLosses2020-12-3103735878ns6:SharePremium2020-12-3103735878ns6:CapitalRedemptionReserve2020-12-3103735878ns6:RetainedEarningsAccumulatedLosses2021-01-012021-12-31
REGISTERED NUMBER: 03735878 (England and Wales)















RFMW UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






RFMW UK LTD (REGISTERED NUMBER: 03735878)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


RFMW UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: B J Skipper
J I Levine
P F Saxby
S W Takaki



SECRETARY: B J Skipper



REGISTERED OFFICE: Marlin Building
4 Sadler Road
Lincoln
Lincolnshire
LN6 3RS



REGISTERED NUMBER: 03735878 (England and Wales)



SENIOR STATUTORY AUDITOR: Tara Bellamy FCA



AUDITORS: Duncan & Toplis Limited, Statutory Auditor
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

RFMW UK LTD (REGISTERED NUMBER: 03735878)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,933 6,168

CURRENT ASSETS
Inventories 200,885 165,152
Debtors 5 2,518,063 2,293,549
Cash at bank and in hand 515,792 336,595
3,234,740 2,795,296
CREDITORS
Amounts falling due within one year 6 370,938 453,359
NET CURRENT ASSETS 2,863,802 2,341,937
TOTAL ASSETS LESS CURRENT LIABILITIES 2,873,735 2,348,105

CAPITAL AND RESERVES
Called up share capital 8 1,875 1,875
Share premium 9 45,990 45,990
Capital redemption reserve 9 1,190 1,190
Retained earnings 9 2,824,680 2,299,050
SHAREHOLDERS' FUNDS 2,873,735 2,348,105

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





B J Skipper - Director


RFMW UK LTD (REGISTERED NUMBER: 03735878)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

RFMW UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over the term of the lease
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
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.

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.

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 the income statement in the period to which they relate.

RFMW UK LTD (REGISTERED NUMBER: 03735878)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance lease are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance lease are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2020 - 22 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 January 2021 - 6,344 6,344
Additions 6,151 - 6,151
At 31 December 2021 6,151 6,344 12,495
DEPRECIATION
At 1 January 2021 - 176 176
Charge for year 271 2,115 2,386
At 31 December 2021 271 2,291 2,562
NET BOOK VALUE
At 31 December 2021 5,880 4,053 9,933
At 31 December 2020 - 6,168 6,168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,072,977 1,033,259
Amounts owed by group undertakings 1,387,712 1,256,042
Other debtors 57,374 4,248
2,518,063 2,293,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 145,090 267,485
Amounts owed to group undertakings 13,916 -
Taxation and social security 116,631 54,382
Other creditors 95,301 131,492
370,938 453,359

7. LEASING AGREEMENTS

As at 31 December 2021 the company had a total liability of £162,500 (2020: £42,500) in respect of the rental due on the remaining period of it's office lease.

RFMW UK LTD (REGISTERED NUMBER: 03735878)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1,875 Ordinary shares 1 1,875 1,875

9. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 January 2021 2,299,050 45,990 1,190 2,346,230
Profit for the year 525,630 525,630
At 31 December 2021 2,824,680 45,990 1,190 2,871,860

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tara Bellamy FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Limited, Statutory Auditor

11. ULTIMATE PARENT COMPANY

The ultimate parent company is TTI Inc, a company incorporated in the United States of America.

Consolidated accounts are prepared for TTI Inc and its registered address is:

2441 Northeast Parkway
Fort Worth
Texas
76106-1816