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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
Page
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R44 Performance Limited Company Information for the year ended 30 November 2023
Director
Mr R Herd
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
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R44 Performance Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
355,541 
149,619 
Current assets
Inventories
309,083 
276,216 
Debtors
104,663 
146,458 
Cash at bank and in hand
25,570 
92,446 
439,316 
515,120 
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 
Capital and reserves
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
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R44 Performance Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 taxation
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Foreign exchange
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
8,076 
- 
Trade debtors
48,799 
70,551 
Other debtors
47,788 
75,907 
104,663 
146,458 
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 
412,387 
265,936 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,251 
167,850 
Obligations under finance leases and hire purchase contracts
96,667 
- 
Other creditors
103,173 
- 
210,091 
167,850 
8
Average number of employees
During the year the average number of employees was 15 (2022: 9).
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