Company Registration No. 02574866 (England and Wales)
REXMORE MARKETING LIMITED
Unaudited accounts
for the period from 1 December 2021 to 31 May 2023
REXMORE MARKETING LIMITED
Unaudited accounts
Contents
REXMORE MARKETING LIMITED
Company Information
for the period from 1 December 2021 to 31 May 2023
Directors
SIMPSON, Brian David
SIMPSON, Hannah Chloe
SIMPSON, Alison
Company Number
02574866 (England and Wales)
Registered Office
THE HOLLY & LAUREL
HORSHAM ROAD SOUTH HOLMWOOD
DORKING
SURREY
RH5 4NG
Accountants
Surrey Hills Accountancy Limited
The Old Workshop
Longfrey Cottage
Dorking Road
Chilworth
GU4 8RH
REXMORE MARKETING LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
934,051
934,264
Cash at bank and in hand
225,175
57,085
Creditors: amounts falling due within one year
(229,251)
(52,909)
Net current assets
186,660
176,918
Total assets less current liabilities
1,120,711
1,111,182
Creditors: amounts falling due after more than one year
(449,783)
(441,646)
Net assets
670,928
669,536
Called up share capital
500
500
Revaluation reserve
300,000
300,000
Profit and loss account
366,828
365,436
Shareholders' funds
670,928
669,536
For the period ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by
SIMPSON, Brian David
Director
Company Registration No. 02574866
REXMORE MARKETING LIMITED
Notes to the Accounts
for the period from 1 December 2021 to 31 May 2023
REXMORE MARKETING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02574866. The registered office is THE HOLLY & LAUREL, HORSHAM ROAD SOUTH HOLMWOOD , DORKING, SURREY, RH5 4NG.
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:
Fixtures & fittings
6.6 Years
Computer equipment
3 Years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
REXMORE MARKETING LIMITED
Notes to the Accounts
for the period from 1 December 2021 to 31 May 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 December 2021
916,653
40,688
33,658
20,329
24,169
1,035,497
Additions
-
-
-
2,678
611
3,289
At 31 May 2023
916,653
40,688
33,658
23,007
24,780
1,038,786
At 1 December 2021
-
25,709
33,658
19,383
22,483
101,233
Charge for the period
-
2,044
-
570
888
3,502
At 31 May 2023
-
27,753
33,658
19,953
23,371
104,735
At 31 May 2023
916,653
12,935
-
3,054
1,409
934,051
At 30 November 2021
916,653
14,979
-
946
1,686
934,264
Amounts falling due within one year
Amounts due from group undertakings etc.
19,442
-
Accrued income and prepayments
4,899
1,952
Amounts falling due after more than one year
Amounts due from group undertakings etc.
140,493
158,497
6
Creditors: amounts falling due within one year
2023
2021
Bank loans and overdrafts
13,333
13,333
Trade creditors
8,809
18,873
Taxes and social security
2,168
2,977
Loans from directors
182,828
15,948
7
Creditors: amounts falling due after more than one year
2023
2021
Bank loans
149,756
163,334
Obligations under finance leases and hire purchase contracts
21,715
-
Amounts owed to group undertakings and other participating interests
278,312
278,312
REXMORE MARKETING LIMITED
Notes to the Accounts
for the period from 1 December 2021 to 31 May 2023
8
Transactions with related parties
During the year under review, the company received rent of £2,500 per month from REXMORE RETAIL LIMITED, a group company, for the use of freehold property by the company, which is owned by the company.
The lease is under formal contract terms and has an independently verified rent review period every one year.
REXMORE RETAIL LIMITED, a group company, has received a loan from the company of £180,000. 15 years loan terms - market interest rates applied. Start Mar 2020. Remaining balance: £140,492.59
REXMORE RETAIL LIMITED, a group company, has received a short-term loan from the company of £32,000. Remaining balance: £15,745.35
The company pays REXMORE RETAIL LIMITED, a group company £100 per month for the usage of the company telephone facilities.
The company receives from REXMORE RETAIL LIMITED, a group company, £618.95 per month for directors benefits.
Salaries paid to directors equals £45,973.76 Gross which was a fair market renumeration.
9
Average number of employees
During the period the average number of employees was 2 (2021: 2).