Registered number
10159326
RFC2795 LTD
Report and Accounts
31 May 2022
RFC2795 LTD
Report to the director on the preparation of the unaudited statutory accounts of RFC2795 LTD for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RFC2795 LTD for the year ended 31 May 2022 which comprise of the Profit and Loss Account, the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
12 August 2022
RFC2795 LTD
Registered number: 10159326
Balance Sheet
as at 31 May 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 8,210 2,783
Current assets
Stocks 7,771 8,809
Cash at bank and in hand 946 1,600
8,717 10,409
Creditors: amounts falling due within one year 4 (10,552) (11,931)
Net current liabilities (1,835) (1,522)
Net assets 6,375 1,261
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,374 1,260
Shareholder's funds 6,375 1,261
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S L Owen
Director
Approved by the board on 12 August 2022
RFC2795 LTD
Notes to the Accounts
for the year ended 31 May 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2021 - 7,908 2,000 9,908
Additions 6,125 261 - 6,386
At 31 May 2022 6,125 8,169 2,000 16,294
Depreciation
At 1 June 2021 - 5,692 1,433 7,125
Charge for the year - 818 141 959
At 31 May 2022 - 6,510 1,574 8,084
Net book value
At 31 May 2022 6,125 1,659 426 8,210
At 31 May 2021 - 2,216 567 2,783
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 8,749 4,128
Corporation tax 1,143 6,669
Other creditors 660 1,134
10,552 11,931
5 Other information
RFC2795 LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Thoresby Road
Bramcote
Nottingham
NG9 3EY
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