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Registration number: 02253451

R C Logistics (U.K.) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

R C Logistics (U.K.) Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

R C Logistics (U.K.) Limited

(Registration number: 02253451)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

-

199

Current assets

 

Debtors

6

218,961

483,006

Cash at bank and in hand

 

384,392

342,001

 

603,353

825,007

Creditors: Amounts falling due within one year

7

(165,633)

(287,551)

Net current assets

 

437,720

537,456

Net assets

 

437,720

537,655

Capital and reserves

 

Called up share capital

100

100

Retained earnings

437,620

537,555

Shareholders' funds

 

437,720

537,655

For the financial year ending 31 December 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 7 March 2024 and signed on its behalf by:
 

.........................................
Mr Colin Paul Norman Van Roon
Director

 

R C Logistics (U.K.) Limited

Notes to the Financial Statements for the Year Ended 31 December 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:
Unit 7, Tower Road
Tower Road Industrial Estate
Berinsfield
Wallingford
Oxfordshire
OX10 7LN

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.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

 

R C Logistics (U.K.) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

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

Office Equipment

2-5 years straight line

Property Improvements

2 years 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.

Debtors

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Taxation

2023

2022

£

£

Corporation tax

49,509

79,841

49,509

79,841

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

R C Logistics (U.K.) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

19,110

19,110

At 31 December 2023

19,110

19,110

Depreciation

At 1 January 2023

18,911

18,911

Charge for the year

199

199

At 31 December 2023

19,110

19,110

Carrying amount

At 31 December 2023

-

-

At 31 December 2022

199

199

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

202,210

426,023

Amounts owed by related parties

14,459

50,948

Prepayments

 

1,751

1,722

Other debtors

 

541

4,313

   

218,961

483,006

 

R C Logistics (U.K.) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

21,560

8,301

Amounts owed to related undertakings

57,653

60,444

Taxation and social security

49,509

79,841

Other creditors

36,911

138,965

165,633

287,551