IRIS Accounts Production v24.2.0.383 06829619 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068296192023-02-28068296192024-02-29068296192023-03-012024-02-29068296192022-02-28068296192022-03-012023-02-28068296192023-02-2806829619ns15:EnglandWales2023-03-012024-02-2906829619ns14:PoundSterling2023-03-012024-02-2906829619ns10:Director12023-03-012024-02-2906829619ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2906829619ns10:SmallEntities2023-03-012024-02-2906829619ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2906829619ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2906829619ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2906829619ns10:FullAccounts2023-03-012024-02-2906829619ns10:OrdinaryShareClass12023-03-012024-02-2906829619ns10:Director22023-03-012024-02-2906829619ns10:CompanySecretary12023-03-012024-02-2906829619ns10:RegisteredOffice2023-03-012024-02-2906829619ns5:CurrentFinancialInstruments2024-02-2906829619ns5:CurrentFinancialInstruments2023-02-2806829619ns5:ShareCapital2024-02-2906829619ns5:ShareCapital2023-02-2806829619ns5:RetainedEarningsAccumulatedLosses2024-02-2906829619ns5:RetainedEarningsAccumulatedLosses2023-02-2806829619ns5:PlantMachinery2023-03-012024-02-2906829619ns5:LeaseholdImprovements2023-02-2806829619ns5:PlantMachinery2023-02-2806829619ns5:LeaseholdImprovements2023-03-012024-02-2906829619ns5:LeaseholdImprovements2024-02-2906829619ns5:PlantMachinery2024-02-2906829619ns5:LeaseholdImprovements2023-02-2806829619ns5:PlantMachinery2023-02-2806829619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2906829619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806829619ns5:DeferredTaxation2023-03-012024-02-2906829619ns5:DeferredTaxation2024-02-2906829619ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 06829619 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

RALLYE TRIBUTE LIMITED

RALLYE TRIBUTE LIMITED (REGISTERED NUMBER: 06829619)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

RALLYE TRIBUTE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs K Nunes
C M Nunes





SECRETARY: Mrs K Nunes





REGISTERED OFFICE: Waungader
Pencader
Carmarthenshire
SA39 9ER





REGISTERED NUMBER: 06829619 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

RALLYE TRIBUTE LIMITED (REGISTERED NUMBER: 06829619)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,310 9,952

CURRENT ASSETS
Stocks 5 62,109 60,109
Debtors 6 327 -
Cash at bank 56,984 44,598
119,420 104,707
CREDITORS
Amounts falling due within one year 7 113,255 90,370
NET CURRENT ASSETS 6,165 14,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,475

24,289

PROVISIONS FOR LIABILITIES 8 901 -
NET ASSETS 16,574 24,289

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 16,474 24,189
SHAREHOLDERS' FUNDS 16,574 24,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

RALLYE TRIBUTE LIMITED (REGISTERED NUMBER: 06829619)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 30 August 2024 and were signed on its behalf by:





Mrs K Nunes - Director


RALLYE TRIBUTE LIMITED (REGISTERED NUMBER: 06829619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Rallye Tribute 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


RALLYE TRIBUTE LIMITED (REGISTERED NUMBER: 06829619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 March 2023 5,695 15,632 21,327
Additions 1,784 - 1,784
At 29 February 2024 7,479 15,632 23,111
DEPRECIATION
At 1 March 2023 - 11,375 11,375
Charge for year - 426 426
At 29 February 2024 - 11,801 11,801
NET BOOK VALUE
At 29 February 2024 7,479 3,831 11,310
At 28 February 2023 5,695 4,257 9,952

5. STOCKS
2024 2023
£    £   
Stocks 62,109 60,109

RALLYE TRIBUTE LIMITED (REGISTERED NUMBER: 06829619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 141 -
Prepayments 186 -
327 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 10,586 11,579
Social security and other taxes - 105
VAT 4,294 5,218
Directors' current accounts 97,375 72,468
Accrued expenses 1,000 1,000
113,255 90,370

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 901 -

Deferred
tax
£   
Provided during year 901
Balance at 29 February 2024 901

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RALLYE TRIBUTE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rallye Tribute Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Rallye Tribute Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rallye Tribute Limited and state those matters that we have agreed to state to the Board of Directors of Rallye Tribute Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rallye Tribute Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rallye Tribute Limited. You consider that Rallye Tribute Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rallye Tribute Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT


30 August 2024