Replica Limited 04195528 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of designing and manufacturing, importing and exporting retail display equipment, manufacturing fake food and the sale of such items and related activities.” Digita Accounts Production Advanced 6.30.9574.0 true true true 04195528 2023-03-01 2024-02-29 04195528 2024-02-29 04195528 bus:OrdinaryShareClass1 2024-02-29 04195528 core:CurrentFinancialInstruments 2024-02-29 04195528 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 04195528 core:Non-currentFinancialInstruments 2024-02-29 04195528 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 04195528 core:FurnitureFittingsToolsEquipment 2024-02-29 04195528 bus:SmallEntities 2023-03-01 2024-02-29 04195528 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04195528 bus:FilletedAccounts 2023-03-01 2024-02-29 04195528 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04195528 bus:RegisteredOffice 2023-03-01 2024-02-29 04195528 bus:Director2 2023-03-01 2024-02-29 04195528 bus:Director3 2023-03-01 2024-02-29 04195528 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 04195528 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04195528 core:PlantMachinery 2023-03-01 2024-02-29 04195528 1 2023-03-01 2024-02-29 04195528 countries:AllCountries 2023-03-01 2024-02-29 04195528 2023-02-28 04195528 core:FurnitureFittingsToolsEquipment 2023-02-28 04195528 2022-03-01 2023-02-28 04195528 2023-02-28 04195528 bus:OrdinaryShareClass1 2023-02-28 04195528 core:CurrentFinancialInstruments 2023-02-28 04195528 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 04195528 core:Non-currentFinancialInstruments 2023-02-28 04195528 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 04195528 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04195528

Replica Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Replica Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Replica Limited

Company Information
__________________________________________________________________________

Directors

Mrs L Senior

Mrs C M Mellett-Smith

Registered office

342 Regents Park Road
Finchley
London
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Replica Limited

(Registration number: 04195528)
Balance Sheet as at 29 February 2024
__________________________________________________________________________

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1

1

Current assets

 

Stocks

4

18,400

19,800

Debtors

5

46,374

42,184

Cash at bank and in hand

 

106,375

38,372

 

171,149

100,356

Creditors: Amounts falling due within one year

6

(65,419)

(43,147)

Net current assets

 

105,730

57,209

Total assets less current liabilities

 

105,731

57,210

Creditors: Amounts falling due after more than one year

6

(32,189)

(32,500)

Net assets

 

73,542

24,710

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

73,442

24,610

Shareholders' funds

 

73,542

24,710

For the financial year ending 29 February 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 July 2024 and signed on its behalf by:
 

.........................................
Mrs L Senior
Director

 

Replica Limited

Notes to the Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Replica Limited

Notes to the Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Replica Limited

Notes to the Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Replica Limited

Notes to the Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

46,992

46,992

At 29 February 2024

46,992

46,992

Depreciation

At 1 March 2023

46,991

46,991

At 29 February 2024

46,991

46,991

Carrying amount

At 29 February 2024

1

1

At 28 February 2023

1

1

4

Stocks

2024
£

2023
£

Other inventories

18,400

19,800

5

Debtors

Current

2024
£

2023
£

Trade debtors

43,474

31,164

Other debtors

2,900

11,020

 

46,374

42,184

 

Replica Limited

Notes to the Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

5,160

10,000

trade creditors

 

20,698

11,409

Taxation and social security

 

24,480

5,820

Other creditors

 

15,081

7,270

Amounts owed to group undertakings and undertakings in which the company has a participating interest

 

-

8,648

 

65,419

43,147

Due after one year

 

Loans and borrowings

8

32,189

32,500

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

32,189

32,500

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

32,189

32,500

9

Parent and ultimate parent undertaking

The company's immediate parent is Replica Group Limited, incorporated in England and Wales.