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REGISTERED NUMBER: 07525354 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

RBU Sales UK Limited

RBU Sales UK Limited (Registered number: 07525354)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RBU Sales UK Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R J Buchanan
A L Buchanan





REGISTERED OFFICE: iRecruit UK
Gresley House
Ten Pound Walk
Doncaster
DN4 5HX





REGISTERED NUMBER: 07525354 (England and Wales)

RBU Sales UK Limited (Registered number: 07525354)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,161 44,302
34,161 44,302

CURRENT ASSETS
Stocks 96,870 -
Debtors 6 598,336 452,868
Cash at bank 78,786 3,889
773,992 456,757
CREDITORS
Amounts falling due within one year 7 667,455 437,415
NET CURRENT ASSETS 106,537 19,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,698

63,644

CREDITORS
Amounts falling due after more than one
year

8

(131,831

)

(53,988

)

PROVISIONS FOR LIABILITIES 11 (6,490 ) (8,417 )
NET ASSETS 2,377 1,239

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 2,375 1,237
SHAREHOLDERS' FUNDS 2,377 1,239

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

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

RBU Sales UK Limited (Registered number: 07525354)

Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





A L Buchanan - Director


RBU Sales UK Limited (Registered number: 07525354)

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

1. STATUTORY INFORMATION

RBU Sales UK 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The branding is being amortised evenly over its estimated useful life of 5 years.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


RBU Sales UK Limited (Registered number: 07525354)

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

2. ACCOUNTING POLICIES - continued
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.

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Branding
£   
COST
At 1 February 2022
and 31 January 2023 300,000
AMORTISATION
At 1 February 2022
and 31 January 2023 300,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Branding has been fully amortised.

RBU Sales UK Limited (Registered number: 07525354)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 56,325 37,250 767 94,342
Additions - - 1,082 1,082
At 31 January 2023 56,325 37,250 1,849 95,424
DEPRECIATION
At 1 February 2022 48,259 1,552 229 50,040
Charge for year 2,017 8,925 281 11,223
At 31 January 2023 50,276 10,477 510 61,263
NET BOOK VALUE
At 31 January 2023 6,049 26,773 1,339 34,161
At 31 January 2022 8,066 35,698 538 44,302

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 284,308 196,281
Other debtors 64,711 13,211
Directors' current accounts 162,534 135,506
Tax 43,167 5,039
Prepayments and accrued income 43,616 102,831
598,336 452,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,517 5,516
Trade creditors 39,104 35,586
Taxation and social security 276,132 186,605
Other creditors 346,702 209,708
667,455 437,415

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 21,987 27,503
Other creditors 109,844 26,485
131,831 53,988

RBU Sales UK Limited (Registered number: 07525354)

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

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Other loans 73,105 16,064

Amounts falling due between one and two years:
Other loans - 1-2 years 51,486 26,485

Amounts falling due between two and five years:
Other loans - 2-5 years 58,358 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Factoring account 266,885 162,712

The factoring account liabilities are secured against the assets they relate to by way of a fixed and floating charge.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,490 8,417

Deferred
tax
£   
Balance at 1 February 2022 8,417
Provided during year (1,927 )
Balance at 31 January 2023 6,490

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

RBU Sales UK Limited (Registered number: 07525354)

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

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
R J Buchanan and A L Buchanan
Balance outstanding at start of year 135,506 246,709
Amounts advanced 193,128 165,398
Amounts repaid (166,100 ) (276,601 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 162,534 135,506

Included within other creditors is a loan which the directors have a shared personal guarantee over the borrowing facilities up to a maximum amount of £100,000.