Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31No description of principal activity32023-02-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03445688 2023-02-01 2024-01-31 03445688 2022-02-01 2023-01-31 03445688 2024-01-31 03445688 2023-01-31 03445688 c:CompanySecretary1 2023-02-01 2024-01-31 03445688 c:Director1 2023-02-01 2024-01-31 03445688 c:RegisteredOffice 2023-02-01 2024-01-31 03445688 c:Agent1 2023-02-01 2024-01-31 03445688 d:MotorVehicles 2023-02-01 2024-01-31 03445688 d:MotorVehicles 2024-01-31 03445688 d:MotorVehicles 2023-01-31 03445688 d:FurnitureFittings 2023-02-01 2024-01-31 03445688 d:FurnitureFittings 2024-01-31 03445688 d:FurnitureFittings 2023-01-31 03445688 d:CurrentFinancialInstruments 2024-01-31 03445688 d:CurrentFinancialInstruments 2023-01-31 03445688 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 03445688 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 03445688 d:ShareCapital 2024-01-31 03445688 d:ShareCapital 2023-01-31 03445688 d:RetainedEarningsAccumulatedLosses 2024-01-31 03445688 d:RetainedEarningsAccumulatedLosses 2023-01-31 03445688 c:FRS102 2023-02-01 2024-01-31 03445688 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03445688 c:FullAccounts 2023-02-01 2024-01-31 03445688 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03445688 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 03445688







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


RALLYE COMMUNICATIONS LIMITED






































img7797.png                        

 


RALLYE COMMUNICATIONS LIMITED
 


 
COMPANY INFORMATION


Director
Mr P Wood 




Company secretary
Mrs M Wood



Registered number
03445688



Registered office
10 Minstead Drive

Yateley

Hampshire

GU46 6EH




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX




Bankers
HSBC Bank PLC
165 High Street

Southampton

Hampshire

SO14 2NZ





 


RALLYE COMMUNICATIONS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6

 


RALLYE COMMUNICATIONS LIMITED
REGISTERED NUMBER:03445688



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,000
2,000

  
2,000
2,000

Current assets
  

Stocks
  
1,712
1,712

Debtors: amounts falling due within one year
 5 
1,999
2,552

Cash at bank and in hand
  
8,742
4,641

  
12,453
8,905

Creditors: amounts falling due within one year
 6 
(219,580)
(220,565)

Net current liabilities
  
 
 
(207,127)
 
 
(211,660)

Total assets less current liabilities
  
(205,127)
(209,660)

  

Net liabilities
  
(205,127)
(209,660)

Page 1

 


RALLYE COMMUNICATIONS LIMITED
REGISTERED NUMBER:03445688


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(206,127)
(210,660)

  
(205,127)
(209,660)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr P Wood
Director

Date: 7 August 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


RALLYE COMMUNICATIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Rallye Communications Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company's accounts are prepared on the going concern basis after review and consideration by the director.  The company is reliant on the support of its director and shareholder and the director considers this support to be forthcoming at the balance sheet date and for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


RALLYE COMMUNICATIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% straight line
Fixtures and fittings
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company
Page 4

 


RALLYE COMMUNICATIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 February 2023
35,578
19,684
55,262



At 31 January 2024

35,578
19,684
55,262



Depreciation


At 1 February 2023
33,578
19,684
53,262



At 31 January 2024

33,578
19,684
53,262



Net book value



At 31 January 2024
2,000
-
2,000

Page 5

 


RALLYE COMMUNICATIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,340
2,390

Prepayments and accrued income
659
162

1,999
2,552



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,657
2,575

Other taxation and social security
4,578
3,925

Other creditors
209,545
212,265

Accruals and deferred income
1,800
1,800

219,580
220,565



7.


Related party transactions

At the year end, included within other creditors due under one year was a directors loan account balance amounting to £189,053 (2023 - £190,553).

Page 6