Company Registration No. 12333034 (England and Wales)
R44 Performance Limited
Unaudited accounts
for the year ended 30 November 2023
R44 Performance Limited
Unaudited accounts
Contents
R44 Performance Limited
Company Information
for the year ended 30 November 2023
Company Number
12333034 (England and Wales)
Registered Office
Unit 4 Latif House
First Way, Wembley
London
HA9 0JD
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
R44 Performance Limited
Statement of financial position
as at 30 November 2023
Tangible assets
355,541
149,619
Inventories
309,083
276,216
Cash at bank and in hand
25,570
92,446
Creditors: amounts falling due within one year
(412,387)
(265,936)
Net current assets
26,929
249,184
Total assets less current liabilities
382,470
398,803
Creditors: amounts falling due after more than one year
(210,091)
(167,850)
Provisions for liabilities
Deferred tax
(14,217)
(15,465)
Net assets
158,162
215,488
Called up share capital
100
100
Profit and loss account
158,062
215,388
Shareholders' funds
158,162
215,488
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2024 and were signed on its behalf by
Mr R Herd
Director
Company Registration No. 12333034
R44 Performance Limited
Notes to the Accounts
for the year ended 30 November 2023
R44 Performance Limited is a private company, limited by shares, registered in England and Wales, registration number 12333034. The registered office is Unit 4 Latif House, First Way, Wembley, London, HA9 0JD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
3 Year straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
R44 Performance Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
59,387
72,581
35,086
8,559
175,613
Additions
70,506
276,054
3,412
6,997
356,969
Disposals
(541)
(112,581)
-
-
(113,122)
At 30 November 2023
129,352
236,054
38,498
15,556
419,460
At 1 December 2022
7,341
10,887
4,880
2,886
25,994
Charge for the year
18,391
21,545
4,906
3,977
48,819
On disposals
(7)
(10,887)
-
-
(10,894)
At 30 November 2023
25,725
21,545
9,786
6,863
63,919
At 30 November 2023
103,627
214,509
28,712
8,693
355,541
At 30 November 2022
52,046
61,694
30,206
5,673
149,619
Amounts falling due within one year
Trade debtors
48,799
70,551
Other debtors
47,788
75,907
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
37,797
74,370
Obligations under finance leases and hire purchase contracts
24,019
-
Trade creditors
302,709
120,043
Taxes and social security
18,919
31,810
Other creditors
28,943
39,713
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
96,667
-
8
Average number of employees
During the year the average number of employees was 15 (2022: 9).