Radbee Limited
Registered number: 08346403
Balance Sheet
at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 228 543
Current assets
Debtors 4 96,517 61,323
Cash at bank and in hand 206,311 173,895
302,828 235,218
Creditors: amounts falling due within one year 5 (126,771) (106,103)
Net current assets 176,057 129,115
Net assets 176,285 129,658
Capital and reserves
Called up share capital 100 100
Profit and loss account 176,185 129,558
Shareholder's funds 176,285 129,658
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dror Nir
Director
Approved by the board on 12 March 2024
Radbee Limited
Notes to the Financial Statements
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method.
Office equipment 25% per year
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are recognised at the spot rate at the dates of the transactions, or at an average rate where this rate approximates the actual rate at the date of the transaction. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Nonmonetary items that are measured in terms of historical cost in a foreign currency are not retranslated.
Exchange differences are recognised in the profit and loss account in the period in which they arise.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 1 February 2023 12,037
At 31 January 2024 12,037
Depreciation
At 1 February 2023 11,494
Charge for the year 315
At 31 January 2024 11,809
Net book value
At 31 January 2024 228
At 31 January 2023 543
4 Debtors 2024 2023
£ £
Trade debtors 88,110 56,003
Prepayments and accrued income 8,407 5,320
96,517 61,323
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 7,804 -
Trade creditors 20,345 19,988
Taxation and social security costs 2,110 6,113
Other creditors 91,631 72,331
Accruals and deferred income 4,881 7,671
126,771 106,103
6 Other information
Radbee Limited is a private company limited by shares and incorporated in England. Its registered office is:
14 Ballard Close
Milton
Cambridge
CB24 6DW
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