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REGISTERED NUMBER: 06955235 (England and Wales)














Financial Statements

for the Period 1 November 2021 to 31 March 2023

for

RAX LIMITED

RAX LIMITED (REGISTERED NUMBER: 06955235)






Contents of the Financial Statements
for the Period 1 November 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAX LIMITED

Company Information
for the Period 1 November 2021 to 31 March 2023







DIRECTORS: R Amin
A Amin





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 06955235 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

RAX LIMITED (REGISTERED NUMBER: 06955235)

Balance Sheet
31 March 2023

31.3.23 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 30,690
Tangible assets 5 9,362 73,217
9,362 103,907

CURRENT ASSETS
Stocks 6 - 84,844
Debtors 7 204,835 265,250
Cash at bank and in hand 241,213 11,796
446,048 361,890
CREDITORS
Amounts falling due within one year 8 141,165 231,127
NET CURRENT ASSETS 304,883 130,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,245

234,670

CREDITORS
Amounts falling due after more than one
year

9

(195,664

)

(176,572

)

PROVISIONS FOR LIABILITIES (1,779 ) (13,602 )
NET ASSETS 116,802 44,496

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 116,801 44,495
SHAREHOLDERS' FUNDS 116,802 44,496

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

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

The directors acknowledge their 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.

RAX LIMITED (REGISTERED NUMBER: 06955235)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





R Amin - Director


RAX LIMITED (REGISTERED NUMBER: 06955235)

Notes to the Financial Statements
for the Period 1 November 2021 to 31 March 2023

1. STATUTORY INFORMATION

RAX 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 period 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.

RAX LIMITED (REGISTERED NUMBER: 06955235)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2021 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2021 43,843
Disposals (43,843 )
At 31 March 2023 -
AMORTISATION
At 1 November 2021 13,153
Eliminated on disposal (13,153 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 October 2021 30,690

5. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to fittings Motor
property & equipment vehicles Totals
£    £    £    £   
COST
At 1 November 2021 17,588 174,295 27,315 219,198
Additions - 585 - 585
Disposals (17,588 ) (174,880 ) - (192,468 )
At 31 March 2023 - - 27,315 27,315
DEPRECIATION
At 1 November 2021 - 132,597 13,384 145,981
Charge for period - - 4,569 4,569
Eliminated on disposal - (132,597 ) - (132,597 )
At 31 March 2023 - - 17,953 17,953
NET BOOK VALUE
At 31 March 2023 - - 9,362 9,362
At 31 October 2021 17,588 41,698 13,931 73,217

6. STOCKS
31.3.23 31.10.21
£    £   
Stocks - 84,844

RAX LIMITED (REGISTERED NUMBER: 06955235)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.10.21
£    £   
Trade debtors 55,000 -
Amounts owed by group undertakings 143,585 232,523
Other debtors 6,250 32,727
204,835 265,250

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.10.21
£    £   
Bank loans and overdrafts 72,409 173,645
Trade creditors 36,776 37,229
Taxation and social security 24,369 13,244
Other creditors 7,611 7,009
141,165 231,127

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.10.21
£    £   
Bank loans 195,664 176,572

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 44,089 18,415

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.10.21
value: £    £   
1 Ordinary £1 1 1