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Company Registration No. 11209527 (England and Wales)
RANGZ LIMITED Unaudited accounts for the year ended 28 February 2023
RANGZ LIMITED Unaudited accounts Contents
Page
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RANGZ LIMITED Company Information for the year ended 28 February 2023
Director
Pervaiz Iqbal
Company Number
11209527 (England and Wales)
Registered Office
10 OWLER LANE SHEFFIELD S4 8GA ENGLAND
Accountants
MS Accounting Services 547 Attercliffe Road Sheffield South Yorkshire S9 3RA
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RANGZ LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,000 
15,498 
Current assets
Inventories
16,550 
16,550 
Debtors
26,380 
30,914 
Cash at bank and in hand
187,774 
38,234 
230,704 
85,698 
Creditors: amounts falling due within one year
(114,315)
(19,244)
Net current assets
116,389 
66,454 
Total assets less current liabilities
136,389 
81,952 
Creditors: amounts falling due after more than one year
(47,377)
(56,731)
Net assets
89,012 
25,221 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
89,002 
25,211 
Shareholders' funds
89,012 
25,221 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2023 and were signed on its behalf by
Pervaiz Iqbal Director Company Registration No. 11209527
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RANGZ LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
RANGZ LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11209527. The registered office is 10 OWLER LANE, SHEFFIELD, S4 8GA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2022
18,900 
Additions
20,000 
Disposals
(13,000)
At 28 February 2023
25,900 
Depreciation
At 1 March 2022
3,402 
On disposals
2,498 
At 28 February 2023
5,900 
Net book value
At 28 February 2023
20,000 
At 28 February 2022
15,498 
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RANGZ LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,400 
1,552 
Amounts falling due after more than one year
Accrued income and prepayments
24,980 
29,362 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,060 
- 
Taxes and social security
14,705 
9,621 
Other creditors
593 
468 
Loans from directors
95,957 
9,155 
114,315 
19,244 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,112 
45,711 
Obligations under finance leases and hire purchase contracts
8,265 
11,020 
47,377 
56,731 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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