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REGISTERED NUMBER: 02120720 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

R.B. DESIGNS LIMITED

R.B. DESIGNS LIMITED (REGISTERED NUMBER: 02120720)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R.B. DESIGNS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: C Watkins
S M Watkins
D L Howe





SECRETARY: C Watkins





REGISTERED OFFICE: Unit 15, No. 2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ





REGISTERED NUMBER: 02120720 (England and Wales)





ACCOUNTANTS: Hockley Wright & Co Limited
Unit 15, No.2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ

R.B. DESIGNS LIMITED (REGISTERED NUMBER: 02120720)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,923 5,231

CURRENT ASSETS
Debtors 5 102,546 36,827
Cash at bank and in hand 169,257 183,435
271,803 220,262
CREDITORS
Amounts falling due within one year 6 61,089 37,944
NET CURRENT ASSETS 210,714 182,318
TOTAL ASSETS LESS CURRENT LIABILITIES 214,637 187,549

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 214,627 187,539
SHAREHOLDERS' FUNDS 214,637 187,549

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 July 2024 and were signed on its behalf by:




C Watkins - Director S M Watkins - Director




D L Howe - Director


R.B. DESIGNS LIMITED (REGISTERED NUMBER: 02120720)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

R.B. Designs Limited 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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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, if material, 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 4 (2023 - 5 ) .

R.B. DESIGNS LIMITED (REGISTERED NUMBER: 02120720)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 6,634 36,994 43,628
DEPRECIATION
At 1 April 2023 6,591 31,806 38,397
Charge for year 11 1,297 1,308
At 31 March 2024 6,602 33,103 39,705
NET BOOK VALUE
At 31 March 2024 32 3,891 3,923
At 31 March 2023 43 5,188 5,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 83,369 18,218
Prepayments and accrued income 19,177 18,609
102,546 36,827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,545 280
Tax 22,262 9,165
Social security and other taxes 5,181 3,034
VAT 25,957 17,417
Other creditors - 171
Directors' current accounts 1,084 5,817
Accruals and deferred income 2,060 2,060
61,089 37,944

7. RELATED PARTY DISCLOSURES



8. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, R.B. Designs Limited is the Ultimate Controlling Party. The Company is controlled by its director C Watkins by virtue of the fact that they own 80% of all of the Company's ordinary issued share capital.