Company Registration No. 07780747 (England and Wales)
Retail Project Associates Ltd
Unaudited accounts
for the period from 1 April 2022 to 30 April 2023
Retail Project Associates Ltd
Unaudited accounts
Contents
Retail Project Associates Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
15,579
2,447
Investments
559,839
524,627
Cash at bank and in hand
32,287
68,991
Creditors: amounts falling due within one year
(108,183)
(87,249)
Net current liabilities
(75,896)
(18,258)
Total assets less current liabilities
499,522
508,816
Provisions for liabilities
Deferred tax
(29,461)
(25,626)
Net assets
470,061
483,190
Called up share capital
1
1
Profit and loss account
470,060
483,189
Shareholders' funds
470,061
483,190
For the period ending 30 April 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 22 May 2023 and were signed on its behalf by
Mr M Shaw
Director
Company Registration No. 07780747
Retail Project Associates Ltd
Notes to the Accounts
for the period from 1 April 2022 to 30 April 2023
Retail Project Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07780747.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% Straight Line
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Straight Line
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.
Expenditure on research and development is written off in the year in which it is incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in shares are included at fair value.
Retail Project Associates Ltd
Notes to the Accounts
for the period from 1 April 2022 to 30 April 2023
4
Tangible fixed assets
Plant & machinery
Charge for the period
1,990
5
Investments
Other investments
Valuation at 1 April 2022
524,627
Fair value adjustments
7,055
Valuation at 30 April 2023
559,839
The historical cost of investments totals £420,358 (2022: £392,201). At the balance sheet date these investments were fair valued by the investment platform provider.
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
54,812
50,599
Taxes and social security
35,430
23,724
Other creditors
17,941
12,926
7
Average number of employees
During the period the average number of employees was 1 (2022: 1).