Ruby Macaw Ltd 13237564 false 2021-03-02 2021-12-31 2021-12-31 The principal activity of the company is retail sale of goods Digita Accounts Production Advanced 6.30.9574.0 true 13237564 2021-03-02 2021-12-31 13237564 2021-12-31 13237564 core:CurrentFinancialInstruments 2021-12-31 13237564 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 13237564 core:Non-currentFinancialInstruments 2021-12-31 13237564 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 13237564 bus:SmallEntities 2021-03-02 2021-12-31 13237564 bus:AuditExemptWithAccountantsReport 2021-03-02 2021-12-31 13237564 bus:FullAccounts 2021-03-02 2021-12-31 13237564 bus:SmallCompaniesRegimeForAccounts 2021-03-02 2021-12-31 13237564 bus:RegisteredOffice 2021-03-02 2021-12-31 13237564 bus:Director1 2021-03-02 2021-12-31 13237564 bus:Director2 2021-03-02 2021-12-31 13237564 bus:PrivateLimitedCompanyLtd 2021-03-02 2021-12-31 13237564 countries:AllCountries 2021-03-02 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 13237564

Ruby Macaw Ltd

Annual Report and Unaudited Financial Statements

for the Period from 2 March 2021 to 31 December 2021

 

Ruby Macaw Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ruby Macaw Ltd

Company Information

Directors

Mr Daniel Fleck

Mr Martin Fleck

Registered office

Aspen House
Old Mill Lane
Aylesford
Kent
ME20 7DT

Accountants

T B Tax Services
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ

 

Ruby Macaw Ltd

(Registration number: 13237564)
Balance Sheet as at 31 December 2021

Note

2021
£

Current assets

 

Stocks

4

48,711

Debtors

5

134,687

 

183,398

Creditors: Amounts falling due within one year

6

(83,920)

Total assets less current liabilities

 

99,478

Creditors: Amounts falling due after more than one year

6

(100,000)

Net liabilities

 

(522)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(622)

Shareholders' deficit

 

(522)

For the financial period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 August 2022 and signed on its behalf by:
 

.........................................
Mr Daniel Fleck
Director

 

Ruby Macaw Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2021 to 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Aspen House
Old Mill Lane
Aylesford
Kent
ME20 7DT

These financial statements were authorised for issue by the Board on 8 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Ruby Macaw Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2021 to 31 December 2021

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4

Stocks

2021
£

Finished goods and goods for resale

48,711

 

Ruby Macaw Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2021 to 31 December 2021

5

Debtors

Current

2021
£

Trade debtors

134,587

Other debtors

100

 

134,687

6

Creditors

Creditors: amounts falling due within one year

Note

2021
£

Due within one year

 

Loans and borrowings

8

21,565

Trade creditors

 

56,324

Taxation and social security

 

5,381

Accruals and deferred income

 

650

 

83,920

Creditors: amounts falling due after more than one year

Note

2021
£

Due after one year

 

Loans and borrowings

8

100,000

7

Share capital

8

Loans and borrowings

2021
£

Non-current loans and borrowings

Other borrowings

100,000

2021
£

Current loans and borrowings

Bank overdrafts

21,565