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REGISTERED NUMBER: 09676918 (England and Wales)















RW 320 LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2023






RW 320 LIMITED (REGISTERED NUMBER: 09676918)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


RW 320 LIMITED (REGISTERED NUMBER: 09676918)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 7,537 10,100

Current assets
Debtors 5 83,100 71,850
Cash at bank 10,926 4,922
94,026 76,772
Creditors
Amounts falling due within one year 6 73,483 47,668
Net current assets 20,543 29,104
Total assets less current liabilities 28,080 39,204

Creditors
Amounts falling due after more than one year 7 28,076 35,318
Net assets 4 3,886

Capital and reserves
Called up share capital 1 1
Retained earnings 3 3,885
Shareholders' funds 4 3,886

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

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

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2024 and were signed by:





A R Westgate - Director


RW 320 LIMITED (REGISTERED NUMBER: 09676918)

Notes to the Financial Statements
for the year ended 31 July 2023

1. Statutory information

RW 320 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09676918

Registered office: 5-6
Greenfield Crescent
Edgbaston
Birmingham
West Midlands
B15 3BE

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

RW 320 LIMITED (REGISTERED NUMBER: 09676918)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 August 2022 16,912 2,609 19,521
Additions - 600 600
At 31 July 2023 16,912 3,209 20,121
Depreciation
At 1 August 2022 7,399 2,022 9,421
Charge for year 2,378 785 3,163
At 31 July 2023 9,777 2,807 12,584
Net book value
At 31 July 2023 7,135 402 7,537
At 31 July 2022 9,513 587 10,100

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 14,000 16,500
Directors' current accounts 15,600 -
Accrued income 53,500 55,350
83,100 71,850

6. Creditors: amounts falling due within one year
2023 2022
£ £
Other loans 6,010 950
Trade creditors 3,448 960
Corporation tax 52,895 42,808
VAT 8,530 -
Directors' current accounts - 1,150
Accrued expenses 2,600 1,800
73,483 47,668

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other loans - 1-2 years 6,010 3,800
Other loans - 2-5 years 18,030 11,400
Other loans more 5yrs instal 4,036 20,118
28,076 35,318

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 4,036 20,118

RW 320 LIMITED (REGISTERED NUMBER: 09676918)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£ £
A R Westgate
Balance outstanding at start of year (1,150 ) 19,168
Amounts advanced 75,100 59,075
Amounts repaid (58,350 ) (79,393 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,600 (1,150 )