Registration number:
Rexhepi Distribution Services Limited
trading as
for the Year Ended 30 June 2023
Rexhepi Distribution Services Limited
trading as RDS Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Rexhepi Distribution Services Limited
trading as RDS Limited
Company Information
Directors |
Mrs K E Rexhepi Mr M Rexhepi |
Registered office |
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Accountants |
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Rexhepi Distribution Services Limited
trading as RDS Limited
(Registration number: 03734071)
Balance Sheet as at 30 June 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Revaluation reserve |
122,196 |
98,504 |
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Retained earnings |
378,344 |
375,113 |
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Shareholders' funds |
500,640 |
473,717 |
For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
Rexhepi Distribution Services Limited
trading as RDS Limited
(Registration number: 03734071)
Balance Sheet as at 30 June 2023
Directors' responsibilities:
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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 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
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Rexhepi Distribution Services Limited
trading as RDS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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.
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
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Rexhepi Distribution Services Limited
trading as RDS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
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.
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 |
Plant and machinery |
25% on reducing balance |
Office equipment |
25% on cost |
Fixture and Fittings |
25% on cost |
Investment property
Goodwill
Goodwill has been written off in previous years.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Rexhepi Distribution Services Limited
trading as RDS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Stocks
Work in progress is valued at recoverable value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
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.
Rexhepi Distribution Services Limited
trading as RDS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
Tax charged/(credited) in the profit and loss account
2023 |
2022 |
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Current taxation |
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UK corporation tax |
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Deferred taxation |
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Arising from origination and reversal of timing differences |
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( |
Tax expense in the income statement |
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Rexhepi Distribution Services Limited
trading as RDS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 July 2022 |
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At 30 June 2023 |
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Amortisation |
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At 1 July 2022 |
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At 30 June 2023 |
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Carrying amount |
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At 30 June 2023 |
- |
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Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 July 2022 |
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At 30 June 2023 |
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Depreciation |
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At 1 July 2022 |
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Charge for the year |
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At 30 June 2023 |
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Carrying amount |
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At 30 June 2023 |
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At 30 June 2022 |
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Rexhepi Distribution Services Limited
trading as RDS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Investment properties |
2023 |
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At 1 July |
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Additions |
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Fair value adjustments |
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At 30 June |
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Fair value has been based on valuations as provided by an independent valuer and the directors consider no further adjustment is necessary.
Stocks |
2023 |
2022 |
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Work in progress |
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Debtors |
Current |
2023 |
2022 |
Trade debtors |
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Other debtors |
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Rexhepi Distribution Services Limited
trading as RDS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Social security and other taxes |
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Other payables |
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Corporation tax liability |
5,114 |
29,735 |
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Related party transactions |
The company pays an annual rental to the directors of £9,000pa.The loans to the directors are free of interest and repayable on demand.
Transactions with directors |
2023 |
At 1 July 2022 |
Advances to director |
At 30 June 2023 |
Mr M Rexhepi |
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Advance to the director |
- |
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Mrs K E Rexhepi |
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Advance to the director |
- |
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Rexhepi Distribution Services Limited
trading as RDS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Summary of transactions with entities with joint control or significant interest
Loans from related parties
2023 |
Entities with joint control or significant influence |
Total |
At start of period |
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At end of period |
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2022 |
Entities with joint control or significant influence |
Total |
Advanced |
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At end of period |
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Terms of loans from related parties