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Registered number: 12426496

42R Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
CP Accountancy
21 Shirewell Road
Orrell
Wigan
Lancashire
WN5 8SP

42R Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
David Liam Albert Swindells
REGISTERED OFFICE
5 Dean Close
Upholland
Skelmersdale
Lancashire
WN8 0HD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12426496
ACCOUNTANTS
CP Accountancy
21 Shirewell Road
Orrell
Wigan
Lancashire
WN5 8SP

42R Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

42R Ltd

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets36,9525,116
CURRENT ASSETS
Debtors991,048
Cash at bank and in hand25,90213,302
26,00114,350
CREDITORS: Amounts falling due within one year10,0035,669
NET CURRENT ASSETS15,9988,681
TOTAL ASSETS LESS CURRENT LIABILITIES22,95013,797
CAPITAL AND RESERVES
Called up share capital411
Profit and loss account22,94913,796
SHAREHOLDERS' FUNDS22,95013,797
For the year ending 31/01/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 09/10/2024 and signed on their behalf by
.............................
David Liam Albert Swindells
Director

42R Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 5%
Fixtures and Fittingsreducing balance 15%
Equipmentstraight line 33.33%
Motor Carsstraight line 20%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

42R Ltd

3. TANGIBLE FIXED ASSETS
Plant andFixturesBicycles
Machineryand FittingsEquipmentMotor Cars
£££££
Cost
At 01/02/20232,8277082,6741,7107,919
Additions--3,815-3,815
Disposals-(118)-(285)(403)
At 31/01/20242,8275906,4891,42511,331
Depreciation
At 01/02/20231411961,7826842,803
For the year141591,0912851,576
At 31/01/20242822552,8739694,379
Net Book Amounts
At 31/01/20242,5453353,6164566,952
At 31/01/20232,6865128921,0265,116
4. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
5. CONTROLLING PARTY
The company is controlled by it's Director Mr David Liam Albert Swindells, who holds 100% issued share capital in the company.
6. RELATED PARTY TRANSACTIONS
Included in creditors is an amount of £1,536 (2023: £1,474), which relates to an interest free loan provided by a key member of mangement personnel.