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Company Registration No. 8338208 (England and Wales)
Rixxo Limited Unaudited accounts for the year ended 31 December 2023
Rixxo Limited Unaudited accounts Contents
Page
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Rixxo Limited Company Information for the year ended 31 December 2023
Directors
Christopher Gee Richard Gee
Company Number
8338208 (England and Wales)
Registered Office
20 Berkeley Square Bristol BS8 1HP
Accountants
Bergsmith Accountancy Services Ltd 31 King Harold's View Portskewett Caldicot NP26 5RS
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Rixxo Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
2,542 
Tangible assets
34,042 
41,708 
34,042 
44,250 
Current assets
Debtors
90,182 
57,166 
Cash at bank and in hand
456,650 
337,756 
546,832 
394,922 
Creditors: amounts falling due within one year
(174,750)
(93,845)
Net current assets
372,082 
301,077 
Total assets less current liabilities
406,124 
345,327 
Provisions for liabilities
Deferred tax
(7,763)
(7,599)
Net assets
398,361 
337,728 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
398,359 
337,726 
Shareholders' funds
398,361 
337,728 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Richard Gee Director Company Registration No. 8338208
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Rixxo Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Rixxo Limited is a private company, limited by shares, registered in England and Wales, registration number 8338208. The registered office is 20 Berkeley Square, Bristol, BS8 1HP.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is accounted for on a straight line basis at 33%.
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
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Rixxo Limited Notes to the Accounts for the year ended 31 December 2023
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
90,173 
At 31 December 2023
90,173 
Amortisation
At 1 January 2023
87,631 
Charge for the year
2,542 
At 31 December 2023
90,173 
Net book value
At 31 December 2023
- 
At 31 December 2022
2,542 
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Rixxo Limited Notes to the Accounts for the year ended 31 December 2023
5
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 January 2023
6,012 
49,120 
7,350 
37,122 
99,604 
Additions
- 
- 
- 
2,988 
2,988 
At 31 December 2023
6,012 
49,120 
7,350 
40,110 
102,592 
Depreciation
At 1 January 2023
5,262 
21,486 
4,265 
26,883 
57,896 
Charge for the year
191 
6,906 
770 
2,787 
10,654 
At 31 December 2023
5,453 
28,392 
5,035 
29,670 
68,550 
Net book value
At 31 December 2023
559 
20,728 
2,315 
10,440 
34,042 
At 31 December 2022
750 
27,634 
3,085 
10,239 
41,708 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
87,334 
23,561 
Accrued income and prepayments
2,848 
25,435 
Other debtors
- 
8,170 
90,182 
57,166 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
49,772 
36,808 
Trade creditors
14,446 
13,640 
Taxes and social security
29,487 
22,543 
Other creditors
3,315 
1,828 
Loans from directors
5,810 
(6,767)
Accruals
50,920 
16,793 
Deferred income
21,000 
9,000 
174,750 
93,845 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
3,406 
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Rixxo Limited Notes to the Accounts for the year ended 31 December 2023
10
Average number of employees
During the year the average number of employees was 9 (2022: 10).
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