Registered number
10495889
Rex Solutions Ltd
Filleted Accounts
30 November 2023
Rex Solutions Ltd
Registered number: 10495889
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 313
Current assets
Debtors 4 86,405 26,483
Cash at bank and in hand 32 33,683
86,437 60,166
Creditors: amounts falling due within one year 5 (86,217) (59,662)
Net current assets 220 504
Net assets 220 817
Capital and reserves
Called up share capital 100 100
Profit and loss account 120 717
Shareholders' funds 220 817
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Tavoni
Director
Approved by the board on 29 August 2024
Rex Solutions Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance method
Fixtures, fittings, tools and equipment 25% Reducing balance method
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 10,568 25,857 36,425
At 30 November 2023 10,568 25,857 36,425
Depreciation
At 1 December 2022 10,256 25,856 36,112
Charge for the year 312 1 313
At 30 November 2023 10,568 25,857 36,425
Net book value
At 30 November 2023 - - -
At 30 November 2022 312 1 313
4 Debtors 2023 2022
£ £
Trade debtors 17,824 24,746
Director's account 68,581 1,737
86,405 26,483
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 85,746 58,798
Accruals 471 864
86,217 59,662
6 Related party transactions
The company paid the directors who are also the shareholders of the company a total dividend of £102,500 (2022: £130,583) for the year.
7 Controlling party
The director Mr P Tavoni controls the company.
8 Other information
Rex Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
11 Croyde Road
Lytham
St. Annes
Lancashire
FY18 1EX
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