Registered number
13059623
RETROFIT CONSULTANTS LTD
Filleted Accounts
31 December 2022
RETROFIT CONSULTANTS LTD
Registered number: 13059623
Balance Sheet
as at 31 December 2022
Notes 2022
£
Current assets
Debtors 3 541,676
Cash at bank and in hand 24,682
566,358
Creditors: amounts falling due within one year 4 (88,136)
Net current assets 478,222
Net assets 478,222
Capital and reserves
Called up share capital 100,000
Profit and loss account 378,222
Shareholder's funds 478,222
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.
YASSAR ALI
Director
Approved by the board on 15 November 2023
RETROFIT CONSULTANTS LTD
Notes to the Accounts
for the year ended 31 December 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 (as applied to small entities by section 1A of the standard).
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022
Number
Average number of persons employed by the company 1
3 Debtors 2022
£
Trade debtors 441,676
Amounts owed by group undertakings and undertakings in which the company has a participating interest 100,000
541,676
4 Creditors: amounts falling due within one year 2022
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest 19,382
Taxation and social security costs 68,754
88,136
5 Other information
RETROFIT CONSULTANTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Road
London
WC2H 9JQ
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