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REGISTERED NUMBER: 03271636 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

THE RETAIL AUDIT COMPANY LIMITED

THE RETAIL AUDIT COMPANY LIMITED (REGISTERED NUMBER: 03271636)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE RETAIL AUDIT COMPANY LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: C Glover





REGISTERED OFFICE: The Old Printworks
Wellington Street
Thame
Oxfordshire
OX9 3BN





REGISTERED NUMBER: 03271636 (England and Wales)





ACCOUNTANTS: Mark Burrows Limited
Chartered Accountants
3 The Chapmans
Tilehouse Street
Hitchin
Hertfordshire
SG5 2TS

THE RETAIL AUDIT COMPANY LIMITED (REGISTERED NUMBER: 03271636)

Abridged Balance Sheet
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,675 775

CURRENT ASSETS
Debtors 468,472 471,301
Prepayments and accrued income 29,755 49,837
Cash at bank and in hand 261,124 375,071
759,351 896,209
CREDITORS
Amounts falling due within one year 212,667 172,280
NET CURRENT ASSETS 546,684 723,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,359

724,704

PROVISIONS FOR LIABILITIES (919 ) (194 )

ACCRUALS AND DEFERRED INCOME (135,639 ) (209,026 )
NET ASSETS 413,801 515,484

CAPITAL AND RESERVES
Called up share capital 5 158 155
Share premium 85,351 81,304
Capital redemption reserve 100 100
Retained earnings 328,192 433,925
SHAREHOLDERS' FUNDS 413,801 515,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE RETAIL AUDIT COMPANY LIMITED (REGISTERED NUMBER: 03271636)

Abridged Balance Sheet - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





C Glover - Director


THE RETAIL AUDIT COMPANY LIMITED (REGISTERED NUMBER: 03271636)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

The Retail Audit Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

THE RETAIL AUDIT COMPANY LIMITED (REGISTERED NUMBER: 03271636)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 17,911
Additions 6,410
Disposals (3,148 )
At 31 October 2023 21,173
DEPRECIATION
At 1 November 2022 17,136
Charge for year 3,493
Eliminated on disposal (3,131 )
At 31 October 2023 17,498
NET BOOK VALUE
At 31 October 2023 3,675
At 31 October 2022 775

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1,580 Ordinary 10p 158 155

During the year, 27 new shares of £0.10 each were issued.