1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10930089 2022-09-01 2023-08-31 10930089 2023-08-31 10930089 2022-08-31 10930089 2021-09-01 2022-08-31 10930089 2022-08-31 10930089 2021-08-31 10930089 core:PlantMachinery 2022-09-01 2023-08-31 10930089 core:FurnitureFittings 2022-09-01 2023-08-31 10930089 core:MotorVehicles 2022-09-01 2023-08-31 10930089 bus:Director1 2022-09-01 2023-08-31 10930089 core:PlantMachinery 2022-08-31 10930089 core:FurnitureFittings 2022-08-31 10930089 core:MotorVehicles 2022-08-31 10930089 core:PlantMachinery 2023-08-31 10930089 core:FurnitureFittings 2023-08-31 10930089 core:MotorVehicles 2023-08-31 10930089 core:WithinOneYear 2023-08-31 10930089 core:WithinOneYear 2022-08-31 10930089 core:ShareCapital 2023-08-31 10930089 core:ShareCapital 2022-08-31 10930089 core:RetainedEarningsAccumulatedLosses 2023-08-31 10930089 core:RetainedEarningsAccumulatedLosses 2022-08-31 10930089 core:PlantMachinery 2022-08-31 10930089 core:FurnitureFittings 2022-08-31 10930089 core:MotorVehicles 2022-08-31 10930089 bus:SmallEntities 2022-09-01 2023-08-31 10930089 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 10930089 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10930089 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10930089 bus:FullAccounts 2022-09-01 2023-08-31 10930089 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 10930089 core:FurnitureFittingsToolsEquipment 2022-08-31 10930089 core:FurnitureFittingsToolsEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: 10930089
RA85 Limited
Filleted Unaudited Financial Statements
31 August 2023
RA85 Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1,221
2,409
Current assets
Debtors
6
593
591
Cash at bank and in hand
24,422
22,707
--------
--------
25,015
23,298
Creditors: amounts falling due within one year
7
6,447
11,371
--------
--------
Net current assets
18,568
11,927
--------
--------
Total assets less current liabilities
19,789
14,336
Provisions
Taxation including deferred tax
232
458
--------
--------
Net assets
19,557
13,878
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
19,457
13,778
--------
--------
Shareholder funds
19,557
13,878
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RA85 Limited
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 29 March 2024 , and are signed on behalf of the board by:
Mr A Cretu
Director
Company registration number: 10930089
RA85 Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2TR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
33% reducing balance
Fixtures & fittings
-
33% reducing balance
Motor vehicles
-
25% straight line
Office equipment
-
33% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost .
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 September 2022
4,909
1,445
9,250
849
16,453
Additions
299
299
-------
-------
-------
-------
--------
At 31 August 2023
4,909
1,445
9,250
1,148
16,752
-------
-------
-------
-------
--------
Depreciation
At 1 September 2022
4,093
1,246
8,284
421
14,044
Charge for the year
266
64
966
191
1,487
-------
-------
-------
-------
--------
At 31 August 2023
4,359
1,310
9,250
612
15,531
-------
-------
-------
-------
--------
Carrying amount
At 31 August 2023
550
135
536
1,221
-------
-------
-------
-------
--------
At 31 August 2022
816
199
966
428
2,409
-------
-------
-------
-------
--------
6. Debtors
2023
2022
£
£
Other debtors
593
591
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
120
Corporation tax
3,535
1,193
Other creditors
2,912
10,058
-------
--------
6,447
11,371
-------
--------