2023-01-012023-12-312023-12-31false09966471R & W ONLINE 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R & W ONLINE LIMITED

Registered Number
09966471
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

R & W ONLINE LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

PURDY, Graeme Lewis
UREN, Lucy Alice

Registered Address

Hamilton Court Carthouse Lane
Horsell
Woking
GU21 4XS

Registered Number

09966471 (England and Wales)
R & W ONLINE LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets339,55531,309
Tangible assets450,51860,326
90,07391,635
Current assets
Stocks5959,358554,118
Debtors217,610131,300
Current asset investments6109,895-
Cash at bank and on hand110,31253,339
1,397,175738,757
Creditors amounts falling due within one year7(1,165,815)(663,146)
Net current assets (liabilities)231,36075,611
Total assets less current liabilities321,433167,246
Creditors amounts falling due after one year8(82,438)-
Net assets238,995167,246
Capital and reserves
Called up share capital22
Profit and loss account238,993167,244
Shareholders' funds238,995167,246
The financial statements were approved and authorised for issue by the Board of Directors on 23 August 2024, and are signed on its behalf by:
PURDY, Graeme Lewis
Director
Registered Company No. 09966471
R & W ONLINE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year88
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 2341,97541,975
Additions16,21116,211
At 31 December 2358,18658,186
Amortisation and impairment
At 01 January 2310,66610,666
Charge for year7,9657,965
At 31 December 2318,63118,631
Net book value
At 31 December 2339,55539,555
At 31 December 2231,30931,309
4.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 January 2396,5584,361100,919
Additions-483483
At 31 December 2396,5584,844101,402
Depreciation and impairment
At 01 January 2338,6351,95840,593
Charge for year9,65663510,291
At 31 December 2348,2912,59350,884
Net book value
At 31 December 2348,2672,25150,518
At 31 December 2257,9232,40360,326
5.Stocks

2023

2022

££
Raw materials and consumables108,409-
Other stocks850,949554,118
Total959,358554,118
6.Current asset investments
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables328,813291,289
Bank borrowings and overdrafts406,524263,818
Taxation and social security129,24658,186
Other creditors241,11433,000
Accrued liabilities and deferred income60,11816,853
Total1,165,815663,146
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts82,438-
Total82,438-