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REGISTERED NUMBER: 02459656 (England and Wales)















Road Runners Despatch Limited

Unaudited Financial Statements

for the year ended

31 May 2024






Road Runners Despatch Limited (Registered number: 02459656)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4 to 5


Road Runners Despatch Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: C L Littlewood
S A Littlewood





SECRETARY: S A Littlewood





REGISTERED OFFICE: 1 Westfield Lane
Woodborough
Nottingham
Nottinghamshire
NG14 6EP





REGISTERED NUMBER: 02459656 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Road Runners Despatch 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 Statement of Financial Position. 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 Road Runners Despatch Limited for the year ended 31 May 2024 which comprise the Income Statement, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Road Runners Despatch 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 Road Runners Despatch Limited and state those matters that we have agreed to state to the Board of Directors of Road Runners Despatch Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Road Runners Despatch Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Road Runners Despatch 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 Road Runners Despatch Limited. You consider that Road Runners Despatch 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 Road Runners Despatch 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.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


30 August 2024

Road Runners Despatch Limited (Registered number: 02459656)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 90,200 82,588

CURRENT ASSETS
Debtors 5 88,627 90,917
Cash at bank and in hand 156,838 166,681
245,465 257,598
CREDITORS
Amounts falling due within one year 6 (122,253 ) (126,365 )
NET CURRENT ASSETS 123,212 131,233
TOTAL ASSETS LESS CURRENT LIABILITIES 213,412 213,821

PROVISIONS FOR LIABILITIES (5,473 ) (7,588 )
NET ASSETS 207,939 206,233

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 207,839 206,133
207,939 206,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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:




C L Littlewood - Director



S A Littlewood - Director


Road Runners Despatch Limited (Registered number: 02459656)

Notes to the Financial Statements
for the year ended 31 May 2024


1. STATUTORY INFORMATION

Road Runners Despatch 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.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on reducing balance
Motor vehicles - 33% on cost

Financial instruments
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

Road Runners Despatch Limited (Registered number: 02459656)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, when it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 June 2023 43,449 60,249 103,698
Additions 7,998 58,775 66,773
Disposals - (60,249 ) (60,249 )
At 31 May 2024 51,447 58,775 110,222
DEPRECIATION
At 1 June 2023 15,253 5,857 21,110
Charge for year 4,769 11,804 16,573
Eliminated on disposal - (17,661 ) (17,661 )
At 31 May 2024 20,022 - 20,022
NET BOOK VALUE
At 31 May 2024 31,425 58,775 90,200
At 31 May 2023 28,196 54,392 82,588

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 86,210 86,027
Other debtors 2,417 4,890
88,627 90,917

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,082 3,458
Taxation and social security 115,839 104,201
Other creditors 2,332 18,706
122,253 126,365