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REGISTERED NUMBER: NI667097 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

REKOTE LTD

REKOTE LTD (Registered number: NI667097)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REKOTE LTD

Company Information
for the Year Ended 31 January 2023







DIRECTOR: I R Johnston





REGISTERED OFFICE: Flat 5
17 Kings Road
BELFAST
BT5 6JF





REGISTERED NUMBER: NI667097 (Northern Ireland)





ACCOUNTANTS: Minshull & Co
19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN

REKOTE LTD (Registered number: NI667097)

Balance Sheet
31 January 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,571 13,639

CURRENT ASSETS
Stocks 6 975 1,475
Debtors 7 29,486 15,020
Cash at bank 12,690 26,382
43,151 42,877
CREDITORS
Amounts falling due within one year 8 25,500 32,693
NET CURRENT ASSETS 17,651 10,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,222

23,823

CREDITORS
Amounts falling due after more than
one year

9

(7,338

)

(9,778

)

PROVISIONS FOR LIABILITIES 11 (2,010 ) (2,600 )
NET ASSETS 18,874 11,445

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 18,873 11,444
SHAREHOLDERS' FUNDS 18,874 11,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

REKOTE LTD (Registered number: NI667097)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





I R Johnston - Director


REKOTE LTD (Registered number: NI667097)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

REKOTE LTD is a private company, limited by shares , registered in Northern Ireland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 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 balance sheet date.


REKOTE LTD (Registered number: NI667097)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases 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.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 3,859 13,775 17,634
DEPRECIATION
At 1 February 2022 1,504 2,491 3,995
Charge for year 772 2,296 3,068
At 31 January 2023 2,276 4,787 7,063
NET BOOK VALUE
At 31 January 2023 1,583 8,988 10,571
At 31 January 2022 2,355 11,284 13,639

REKOTE LTD (Registered number: NI667097)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2022
and 31 January 2023 12,995
DEPRECIATION
At 1 February 2022 2,166
Charge for year 2,166
At 31 January 2023 4,332
NET BOOK VALUE
At 31 January 2023 8,663
At 31 January 2022 10,829

6. STOCKS
31/1/23 31/1/22
£    £   
Stocks 975 1,475

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 21,077 13,884
VAT 856 860
Prepayments and accrued income 276 276
Social security and other tax 7,277 -
29,486 15,020

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Hire purchase contracts 2,440 2,200
Tax 16,834 2,753
Social security and other taxes - 1,795
Directors' current accounts 127 20,346
Accruals and deferred income 6,099 5,599
25,500 32,693

REKOTE LTD (Registered number: NI667097)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/1/23 31/1/22
£    £   
Hire purchase contracts 7,338 9,778

10. SECURED DEBTS

The following secured debts are included within creditors:

31/1/23 31/1/22
£    £   
Hire purchase contracts 9,778 11,978

The hire purchase liability is secured upon the asset to which it relates.

11. PROVISIONS FOR LIABILITIES
31/1/23 31/1/22
£    £   
Deferred tax 2,010 2,600

Deferred
tax
£   
Balance at 1 February 2022 2,600
Credit to Income Statement during year (590 )
Balance at 31 January 2023 2,010

12. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/1/23 31/1/22
value: £    £   
1 Ordinary 1 1 1

REKOTE LTD (Registered number: NI667097)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

13. RESERVES
Retained
earnings
£   

At 1 February 2022 11,444
Profit for the year 39,429
Dividends (32,000 )
At 31 January 2023 18,873

14. CAPITAL COMMITMENTS
31/1/23 31/1/22
£    £   
Contracted but not provided for in the
financial statements - -