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Registered Number: 10855607
England and Wales

 

 

 

REXAUS GROUP LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Director Dean Jody Austin
Registered Number 10855607
Registered Office Unit 2, Long Barn
Mouseden Farm, Halls Hole Road
Royal Tunbridge Wells
Kent
TN2 4RF
Accountants Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
1
Director's report and financial statements
The directors presents his annual report and the financial statements for the year ended 31 July 2023.
Principal activities
The principal activity of the company during the financial year was of drainage services.
Director
The director who served the company throughout the year was as follows:
Dean Jody Austin
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Dean Jody Austin
Director

Date approved: 13 February 2024
2
Report to the director on the preparation of the unaudited statutory accounts of Rexaus Group Ltd for the year ended 31 July 2023.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rexaus Group Ltd for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.


This report is made solely to the Board of Directors of Rexaus Group Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rexaus Group Ltd and state those matters that we have agreed to state to the Board of Directors of Rexaus Group Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rexaus Group Ltd and its Board of Directors as a body for our work or for this report.


It is your duty to ensure that Rexaus Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Rexaus Group Ltd.You consider that Rexaus Group Ltd is exempt from the statutory audit requirement for the year.


We have not been instructed to carry out an audit of the accounts of Rexaus Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 July 2023.



....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
13 February 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 5 48,000    54,000 
Tangible fixed assets 6 588,609    664,455 
636,609    718,455 
Current assets      
Debtors 7 288,852    147,487 
Cash at bank and in hand 43,420    71,116 
332,272    218,603 
Creditors: amount falling due within one year 8 (237,587)   (215,556)
Net current assets 94,685    3,047 
 
Total assets less current liabilities 731,294    721,502 
Creditors: amount falling due after more than one year 9   (30,712)
Net assets 731,294    690,790 
 

Capital and reserves
     
Called up share capital 10 1    1 
Profit and loss account 731,293    690,789 
Shareholder's funds 731,294    690,790 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 13 February 2024 and were signed by:


-------------------------------
Dean Jody Austin
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 August 2021 1  654,181  654,182 
Profit for the year 112,608  112,608 
Total comprehensive income for the year 112,608  112,608 
Dividends (76,000) (76,000)
Total investments by and distributions to owners (76,000) (76,000)
At 31 July 2022 1  690,789  690,790 
At 01 August 2022 1  690,789  690,790 
Profit for the year 248,504  248,504 
Total comprehensive income for the year 248,504  248,504 
Dividends (208,000) (208,000)
Total investments by and distributions to owners (208,000) (208,000)
At 31 July 2023 1  731,293  731,294 
5
General Information
Rexaus Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10855607, registration address Unit 2, Long Barn, Mouseden Farm, Halls Hole Road, Royal Tunbridge Wells, Kent, TN2 4RF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Straight Line
Plant and Machinery 25% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
2.

Directors' Emoluments

2023
£
  2022
£
Administrative Expenses
Directors Remuneration 10,230    8,900 
10,230    8,900 

3.

Staff Costs

2023
£
  2022
£
Wages and salaries 1,482,221    1,206,396 
Pension costs, defined contribution plan 68,652    63,115 
Other staff costs 12,943    18,822 
1,563,816    1,288,333 

4.

Average number of employees

Average number of employees during the year was 50 (2022 : 44).
5.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 August 2022 60,000    60,000 
Additions  
Disposals  
At 31 July 2023 60,000    60,000 
Amortisation
At 01 August 2022 6,000    6,000 
Charge for year 6,000    6,000 
On disposals  
At 31 July 2023 12,000    12,000 
Net book values
At 31 July 2023 48,000    48,000 
At 31 July 2022 54,000    54,000 


6.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £   £
At 01 August 2022 282,383    169,439    556,257    4,022    1,012,101 
Additions   33,312    75,537    10,310    119,159 
Disposals   (140,894)   (95,423)   (4,022)   (240,339)
At 31 July 2023 282,383    61,857    536,371    10,310    890,921 
Depreciation
At 01 August 2022   116,298    229,848    1,500    347,646 
Charge for year   15,464    86,413    2,577    104,454 
On disposals   (109,162)   (39,127)   (1,499)   (149,788)
At 31 July 2023   22,600    277,134    2,578    302,312 
Net book values
Closing balance as at 31 July 2023 282,383    39,257    259,237    7,732    588,609 
Opening balance as at 01 August 2022 282,383    53,141    326,409    2,522    664,455 


7.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 136,823    120,324 
Other Debtors 4,894    3,600 
Loan Account: Tropical Tanning (South East) Ltd 147,135    23,563 
288,852    147,487 

8.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 12,668    87,357 
Corporation Tax 86,196    16,444 
PAYE & Social Security 32,293    34,414 
Other Creditors 12,195    8,145 
Obligations under HP/Financial Leases 23,400    30,712 
Director's Current Account 865    941 
VAT 69,970    37,543 
237,587    215,556 

9.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Obligations Under HP/Financial Leases   30,712 
  30,712 

10.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

6