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REGISTERED NUMBER: 01020568 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

RAND MARKINGS LIMITED

RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAND MARKINGS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S M Smith
Mrs L M Smith





SECRETARY: Mrs L M Smith





REGISTERED OFFICE: 39 Brunel Road
Churchfield Industrial Estate
St.Leonards-on-Sea
East Sussex
TN38 9RT





REGISTERED NUMBER: 01020568 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 189,638 183,757

CURRENT ASSETS
Stocks 300 300
Debtors 5 12,269 13,781
Cash at bank 183,502 210,751
196,071 224,832
CREDITORS
Amounts falling due within one year 6 22,325 35,772
NET CURRENT ASSETS 173,746 189,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,384

372,817

PROVISIONS FOR LIABILITIES 31,715 21,978
NET ASSETS 331,669 350,839

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 331,569 350,739
SHAREHOLDERS' FUNDS 331,669 350,839

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.

RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)

Balance Sheet - 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 25 September 2024 and were signed on its behalf by:





S M Smith - Director


RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Rand Markings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 95,221 494,347 2,866
Additions - 985 -
At 31 December 2023 95,221 495,332 2,866
DEPRECIATION
At 1 January 2023 30,164 376,381 2,866
Charge for year 4,761 17,843 -
At 31 December 2023 34,925 394,224 2,866
NET BOOK VALUE
At 31 December 2023 60,296 101,108 -
At 31 December 2022 65,057 117,966 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 2,695 16,776 611,905
Additions 36,990 - 37,975
At 31 December 2023 39,685 16,776 649,880
DEPRECIATION
At 1 January 2023 2,695 16,042 428,148
Charge for year 9,248 242 32,094
At 31 December 2023 11,943 16,284 460,242
NET BOOK VALUE
At 31 December 2023 27,742 492 189,638
At 31 December 2022 - 734 183,757

RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 10,267 12,485
Other debtors 800 -
Prepayments and accrued income 1,202 1,296
12,269 13,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,595 16,431
Tax 3,317 11,549
Social security and other taxes (114 ) 372
VAT 4,831 4,730
Other creditors 18 36
Directors' current accounts 778 754
Accrued expenses 1,900 1,900
22,325 35,772

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100