Repeat Offenders Ltd 06635766 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is publishing Digita Accounts Production Advanced 6.30.9574.0 true true 06635766 2022-08-01 2023-07-31 06635766 2023-07-31 06635766 core:RetainedEarningsAccumulatedLosses 2023-07-31 06635766 core:ShareCapital 2023-07-31 06635766 core:SharePremium 2023-07-31 06635766 core:CurrentFinancialInstruments 2023-07-31 06635766 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 06635766 core:OtherRelatedParties 2023-07-31 06635766 bus:SmallEntities 2022-08-01 2023-07-31 06635766 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 06635766 bus:FullAccounts 2022-08-01 2023-07-31 06635766 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 06635766 bus:RegisteredOffice 2022-08-01 2023-07-31 06635766 bus:CompanySecretary1 2022-08-01 2023-07-31 06635766 bus:Director1 2022-08-01 2023-07-31 06635766 bus:Director2 2022-08-01 2023-07-31 06635766 bus:Director3 2022-08-01 2023-07-31 06635766 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06635766 core:OtherRelatedParties 2022-08-01 2023-07-31 06635766 countries:EnglandWales 2022-08-01 2023-07-31 06635766 2021-08-01 2022-07-31 06635766 2022-07-31 06635766 core:RetainedEarningsAccumulatedLosses 2022-07-31 06635766 core:ShareCapital 2022-07-31 06635766 core:SharePremium 2022-07-31 06635766 core:CurrentFinancialInstruments 2022-07-31 06635766 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 06635766 core:OtherRelatedParties 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 06635766

Repeat Offenders Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Repeat Offenders Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Repeat Offenders Ltd

Company Information

Directors

J W Davis

P E Mills

C Langley

Company secretary

Manningtons Ltd

Registered office

8 High Street
Heathfield
East Sussex
TN21 8LS

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Repeat Offenders Ltd

(Registration number: 06635766)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

111,000

111,000

Debtors

5

300

345

Cash at bank and in hand

 

52

103

 

111,352

111,448

Creditors: Amounts falling due within one year

6

(6,836)

(6,493)

Net assets

 

104,516

104,955

Capital and reserves

 

Called up share capital

333

333

Share premium reserve

149,967

149,967

Retained earnings

(45,784)

(45,345)

Shareholders' funds

 

104,516

104,955

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 February 2024 and signed on its behalf by:
 

.........................................
J W Davis
Director

 

Repeat Offenders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Repeat Offenders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Stocks

2023
£

2022
£

Work in progress

111,000

111,000

 

Repeat Offenders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Debtors

2023
£

2022
£

Other debtors

300

345

300

345

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

1,064

1,064

Accruals and deferred income

 

500

500

Other creditors

 

5,022

4,679

Director loan account

 

250

250

 

6,836

6,493

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

1,064

1,064

8

Related party transactions

Summary of transactions with other related parties

Bright Sparks Limited
 J W Davis is a director and shareholder
 

Expenditure with and payables to related parties

2023

Other related parties
£

Amounts payable to related party

1,064

2022

Other related parties
£

Amounts payable to related party

1,064