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REGISTERED NUMBER: 05627462 (England and Wales)















REFIT SHOPFITTING SERVICES LTD

FINANCIAL STATEMENTS

FOR THE PERIOD 1ST MARCH 2022 TO 31ST MAY 2023






REFIT SHOPFITTING SERVICES LTD (REGISTERED NUMBER: 05627462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MARCH 2022 TO 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REFIT SHOPFITTING SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST MARCH 2022 TO 31ST MAY 2023







DIRECTOR: J Nind





REGISTERED OFFICE: Kennel Farm
Mill End
Coleford
GL16 8NF





REGISTERED NUMBER: 05627462 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

REFIT SHOPFITTING SERVICES LTD (REGISTERED NUMBER: 05627462)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,469 21,976

CURRENT ASSETS
Debtors 5 12,394 51,739
Cash at bank and in hand 82,361 205,685
94,755 257,424
CREDITORS
Amounts falling due within one year 6 27,459 67,736
NET CURRENT ASSETS 67,296 189,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,765

211,664

CREDITORS
Amounts falling due after more than one
year

7

(20,002

)

(32,501

)

PROVISIONS FOR LIABILITIES (2,323 ) (4,175 )
NET ASSETS 60,440 174,988

REFIT SHOPFITTING SERVICES LTD (REGISTERED NUMBER: 05627462)

BALANCE SHEET - continued
31ST MAY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 3,100 3,100
Retained earnings 57,340 171,888
SHAREHOLDERS' FUNDS 60,440 174,988

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th July 2023 and were signed by:





J Nind - Director


REFIT SHOPFITTING SERVICES LTD (REGISTERED NUMBER: 05627462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MARCH 2022 TO 31ST MAY 2023

1. STATUTORY INFORMATION

Refit Shopfitting Services 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.

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
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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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 period 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.

REFIT SHOPFITTING SERVICES LTD (REGISTERED NUMBER: 05627462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2022 TO 31ST MAY 2023

2. ACCOUNTING POLICIES - continued

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

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2022
and 31st May 2023 28,765 20,418 33,923 83,106
DEPRECIATION
At 1st March 2022 16,171 18,865 26,094 61,130
Charge for period 3,613 448 2,446 6,507
At 31st May 2023 19,784 19,313 28,540 67,637
NET BOOK VALUE
At 31st May 2023 8,981 1,105 5,383 15,469
At 28th February 2022 12,594 1,553 7,829 21,976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,714 7,714
Directors' current accounts - 36,562
Tax 2,445 -
VAT 2,235 7,463
12,394 51,739

REFIT SHOPFITTING SERVICES LTD (REGISTERED NUMBER: 05627462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2022 TO 31ST MAY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 34,926
Corporation Tax - 17,115
Social security and other taxes 256 -
Other creditors 10 1,189
Directors' current accounts 7,822 -
Accruals and deferred income 9,371 4,506
27,459 67,736

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 20,002 32,501

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
300,000 Class E 1p 3,000 3,000
3,100 3,100

9. RELATED PARTY DISCLOSURES

At the year end the director was owed £7,822 by the company (2022 the director owed the company £36,561).