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Registration number: 10087974

R L Makepeace Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 August 2023

 

R L Makepeace Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

R L Makepeace Limited

(Registration number: 10087974)
Balance Sheet as at 30 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,231

13,277

Current assets

 

Debtors

5

8,927

195,365

Cash at bank and in hand

 

97,689

88,411

 

106,616

283,776

Creditors: Amounts falling due within one year

6

(178,422)

(340,080)

Net current liabilities

 

(71,806)

(56,304)

Total assets less current liabilities

 

(68,575)

(43,027)

Provisions for liabilities

(614)

(2,523)

Net liabilities

 

(69,189)

(45,550)

Capital and reserves

 

Called up share capital

10,000

10,000

Retained earnings

(79,189)

(55,550)

Shareholders' deficit

 

(69,189)

(45,550)

For the financial year ending 30 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 January 2024
 

.........................................
C Moquet
Director

 

R L Makepeace Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2023

1

General information

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

The address of its registered office is:
Cutbush Commercial
Cutbush Lane East
Shinfield
Reading
Berkshire
RG2 9AF

These financial statements were authorised for issue by the director on 30 January 2024.

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts...

Going concern

The financial statements have been prepared on a going concern basis due to the continued support of the parent company.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

R L Makepeace Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Fixtures and fittings

15% reducing balance

Computer equipment

25% straight line

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

R L Makepeace Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2023

3

Staff numbers

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 31 August 2022

3,621

17,362

11,203

32,186

Disposals

(121)

(17,362)

(5,551)

(23,034)

At 30 August 2023

3,500

-

5,652

9,152

Depreciation

At 31 August 2022

2,320

9,498

7,091

18,909

Charge for the year

195

-

532

727

Eliminated on disposal

(121)

(9,498)

(4,096)

(13,715)

At 30 August 2023

2,394

-

3,527

5,921

Carrying amount

At 30 August 2023

1,106

-

2,125

3,231

At 30 August 2022

1,301

7,864

4,112

13,277

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

8,387

195,365

Other debtors

 

540

-

 

8,927

195,365

 

R L Makepeace Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

100,624

100,624

Taxation and social security

 

-

6,210

Accruals and deferred income

 

2,515

2,000

Other creditors

 

75,283

231,246

 

178,422

340,080

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

100,624

100,624

8

Parent and ultimate parent undertaking

The company's immediate parent is Holding Moquet UK Limited, incorporated in United Kingdom.

 The ultimate parent is Sarl Raz Moquette, incorporated in France.

  These financial statements are available upon request from Cutbush Commercial, Cutbush Lane East, Shinfield, Reading, RG2 9AF and La Couture, 53100 Parigné-sur-Braye