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REGISTERED NUMBER: 12476614 (England and Wales)















RB SEWING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






RB SEWING LIMITED (REGISTERED NUMBER: 12476614)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RB SEWING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R M W Potter
S A Ross





REGISTERED OFFICE: Eurolink
Lea Green
St Helens
Merseyside
WA9 4TT





REGISTERED NUMBER: 12476614 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

RB SEWING LIMITED (REGISTERED NUMBER: 12476614)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 11,631 15,508

CURRENT ASSETS
Inventories 15,000 13,011
Debtors 5 64,500 89,659
Cash at bank and in hand 9,203 1,492
88,703 104,162
CREDITORS
Amounts falling due within one year 6 (92,754 ) (96,563 )
NET CURRENT (LIABILITIES)/ASSETS (4,051 ) 7,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,580

23,107

CREDITORS
Amounts falling due after more than one
year

7

(15,000

)

(25,240

)
NET LIABILITIES (7,420 ) (2,133 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,520 ) (2,233 )
(7,420 ) (2,133 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

RB SEWING LIMITED (REGISTERED NUMBER: 12476614)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 24 September 2024 and were signed on its behalf by:





R M W Potter - Director


RB SEWING LIMITED (REGISTERED NUMBER: 12476614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

RB Sewing Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12476614 and its registered office address is Eurolink, Lea Green, St Helens, Merseyside, WA9 4TT.

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.

At the statement of financial position, the company had net liabilities of £7,420 and reported a net loss for the year. The Company has the full support of it's directors and of an associated company.

The directors are therefore satisfied that the company is a going concern and that the accounts have been correctly prepared on this basis.

Significant judgements and estimates
In the opinion of the directors, there are currently no significant judgements or estimates applied in preparing the financial statements.

Revenue
Revenue comprises income from the sale of goods and services, net of value-added tax, rebates and discounts.

Sales of goods are recognised when the company has delivered products to the customer, the customer has accepted the products and collection of the related receivables is anticipated.

Services revenues are recognised as those services are provided to customers.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Cost comprises all direct costs in bringing the inventories to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and loans from banks and other third parties and loans to related parties.

Basic financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.


RB SEWING LIMITED (REGISTERED NUMBER: 12476614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 20 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 31,924
DEPRECIATION
At 1 January 2023 16,416
Charge for year 3,877
At 31 December 2023 20,293
NET BOOK VALUE
At 31 December 2023 11,631
At 31 December 2022 15,508

RB SEWING LIMITED (REGISTERED NUMBER: 12476614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 68
Other debtors 64,500 89,591
64,500 89,659

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,110 56,787
Amounts owed to group undertakings 28,928 -
Taxation and social security 47,716 26,599
Other creditors 3,000 3,177
92,754 96,563

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,000 25,240