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REGISTERED NUMBER: 11775240 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2024

for

RBIB Ltd

RBIB Ltd (Registered number: 11775240)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RBIB Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: B R Baines
J Burgess
A A Mimoglu
Ms P Sathyan





REGISTERED OFFICE: 45 Market Square
Bicester
OX26 6AJ





REGISTERED NUMBER: 11775240 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

RBIB Ltd (Registered number: 11775240)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £
FIXED ASSETS
Tangible assets 4 2,116 2,428

CURRENT ASSETS
Debtors 5 40,727 51,676
Cash at bank 75,953 74,439
116,680 126,115
CREDITORS
Amounts falling due within one year 6 (83,650 ) (61,932 )
NET CURRENT ASSETS 33,030 64,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,146

66,611

PROVISIONS FOR LIABILITIES 7 (529 ) (461 )
NET ASSETS 34,617 66,150

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 34,517 66,050
SHAREHOLDERS' FUNDS 34,617 66,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:



J Burgess - Director


RBIB Ltd (Registered number: 11775240)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

RBIB Ltd 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% 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 5 (2023 - 6 ) .

RBIB Ltd (Registered number: 11775240)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 February 2023 1,000 2,676 3,676
Additions 308 - 308
At 31 January 2024 1,308 2,676 3,984
DEPRECIATION
At 1 February 2023 579 669 1,248
Charge for year 118 502 620
At 31 January 2024 697 1,171 1,868
NET BOOK VALUE
At 31 January 2024 611 1,505 2,116
At 31 January 2023 421 2,007 2,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Other debtors 50 50
Directors' current accounts - 559
Prepayments and accrued income 40,677 51,067
40,727 51,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Corporation tax 59,874 41,981
Social security and other taxes 8,299 6,054
Pension control 290 290
Directors' current accounts 441 -
Accrued expenses 14,746 13,607
83,650 61,932

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£ £
Deferred tax 529 461

Deferred tax
£
Balance at 1 February 2023 461
Provided during year 68
Balance at 31 January 2024 529

RBIB Ltd (Registered number: 11775240)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £ £
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£

At 1 February 2023 66,050
Profit for the year 188,467
Dividends (220,000 )
At 31 January 2024 34,517

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed Mr J Burgess £441 (2023 - was owed £559). This loan is interest free and is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.