Company Registration No. 03734071 (England and Wales)
Rexhepi Distribution Services Ltd.
Unaudited accounts
for the year ended 30 June 2024
Rexhepi Distribution Services Ltd.
Unaudited accounts
Contents
Rexhepi Distribution Services Ltd.
Company Information
for the year ended 30 June 2024
Directors
Kathleen Elizabeth Rexhepi
Mursel Rexhepi
Company Number
03734071 (England and Wales)
Registered Office
15 Lambfields
Theale
Reading
RG7 5DB
Accountants
Woods Russell Limited
First Floor Unit S
Loddon Business Centre
Roentgen Road
Basingstoke
RG24 8NG
Rexhepi Distribution Services Ltd.
Statement of financial position
as at 30 June 2024
Tangible assets
2,791
2,155
Investment property
720,232
300,000
Inventories
70,000
130,000
Cash at bank and in hand
92,275
193,194
Creditors: amounts falling due within one year
(394,921)
(131,518)
Net current (liabilities)/assets
(156,445)
212,432
Total assets less current liabilities
566,578
514,587
Provisions for liabilities
Deferred tax
(31,246)
(13,947)
Net assets
535,332
500,640
Called up share capital
100
100
Revaluation reserve
122,196
122,196
Profit and loss account
413,036
378,344
Shareholders' funds
535,332
500,640
For the year ending 30 June 2024 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 15 October 2024 and were signed on its behalf by
Kathleen Elizabeth Rexhepi
Director
Company Registration No. 03734071
Rexhepi Distribution Services Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Rexhepi Distribution Services Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03734071. The registered office is 15 Lambfields, Theale, Reading, RG7 5DB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
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.
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.
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined from time to time by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit of loss and directly transferred to non distributable reserves.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rexhepi Distribution Services Ltd.
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
4,023
19,660
23,683
At 30 June 2024
5,445
19,660
25,105
At 1 July 2023
4,023
17,505
21,528
Charge for the year
355
431
786
At 30 June 2024
4,378
17,936
22,314
At 30 June 2024
1,067
1,724
2,791
At 30 June 2023
-
2,155
2,155
Fair value at 1 July 2023
300,000
Fair value has been based on valuations as provided by an independent valuer and the directors consider no further adjustment is necessary.
Amounts falling due within one year
Trade debtors
76,201
14,297
Rexhepi Distribution Services Ltd.
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
499
-
Trade creditors
114,611
22,467
Taxes and social security
135,946
51,924
Other creditors
125,000
41,566
8
Deferred taxation
2024
2023
Accelerated capital allowances
31,246
13,947
Provision at start of year
13,947
13,947
Charged to the profit and loss account
17,299
-
Provision at end of year
31,246
13,947
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 19 (2023: 18).