0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 100,525 100,525 100,525 xbrli:pure xbrli:shares iso4217:GBP 13483464 2022-07-01 2023-06-30 13483464 2023-06-30 13483464 2022-06-30 13483464 2021-06-29 2022-06-30 13483464 2022-06-30 13483464 2021-06-28 13483464 bus:Director1 2022-07-01 2023-06-30 13483464 core:WithinOneYear 2023-06-30 13483464 core:WithinOneYear 2022-06-30 13483464 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13483464 core:ShareCapital 2023-06-30 13483464 core:ShareCapital 2022-06-30 13483464 core:RetainedEarningsAccumulatedLosses 2023-06-30 13483464 core:RetainedEarningsAccumulatedLosses 2022-06-30 13483464 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 13483464 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 13483464 bus:SmallEntities 2022-07-01 2023-06-30 13483464 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 13483464 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 13483464 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13483464 bus:FullAccounts 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 13483464
REMCO ASSOCIATES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2023
REMCO ASSOCIATES LTD
STATEMENT OF FINANCIAL POSITION
30 June 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
100,525
CURRENT ASSETS
Debtors
5
154,498
130,960
Cash at bank and in hand
15,551
63,363
---------
---------
170,049
194,323
CREDITORS: amounts falling due within one year
6
( 50,371)
( 200,418)
---------
---------
NET CURRENT ASSETS/(LIABILITIES)
119,678
( 6,095)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
119,678
94,430
---------
--------
NET ASSETS
119,678
94,430
---------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
119,578
94,330
---------
--------
SHAREHOLDERS FUNDS
119,678
94,430
---------
--------
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 comprehensive income has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
REMCO ASSOCIATES LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 20 March 2024 , and are signed on behalf of the board by:
O Amar
Director
Company registration number: 13483464
REMCO ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 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 20-22 Bridge End, Leeds, United Kingdom, LS1 4DJ.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. TANGIBLE ASSETS
Investment Property
£
Cost
At 1 July 2022
100,525
Disposals
( 100,525)
---------
At 30 June 2023
---------
Depreciation
At 1 July 2022 and 30 June 2023
---------
Carrying amount
At 30 June 2023
---------
At 30 June 2022
100,525
---------
5. DEBTORS
2023
2022
£
£
Trade debtors
3,705
1,587
Other debtors
150,793
129,373
---------
---------
154,498
130,960
---------
---------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
718
Corporation tax
16,020
29,163
Social security and other taxes
608
Other creditors
33,025
171,255
--------
---------
50,371
200,418
--------
---------