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REGISTERED NUMBER: 06484149 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

REXPRIDE LIMITED

REXPRIDE LIMITED (REGISTERED NUMBER: 06484149)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REXPRIDE LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: Dean Simons





REGISTERED OFFICE: Vision House
119 Factory Road
Hinckley
Leicestershire
LE10 0DP





REGISTERED NUMBER: 06484149 (England and Wales)

REXPRIDE LIMITED (REGISTERED NUMBER: 06484149)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 12,228 16,114

CURRENT ASSETS
Debtors 4 154,392 102,422
Cash at bank and in hand 1,197 154
155,589 102,576
CREDITORS
Amounts falling due within one year 5 216,133 208,710
NET CURRENT LIABILITIES (60,544 ) (106,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,316

)

(90,020

)

CREDITORS
Amounts falling due after more than one
year

6

25,766

36,925
NET LIABILITIES (74,082 ) (126,945 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (74,085 ) (126,948 )
SHAREHOLDERS' FUNDS (74,082 ) (126,945 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

REXPRIDE LIMITED (REGISTERED NUMBER: 06484149)

BALANCE SHEET - continued
31 January 2024


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 director and authorised for issue on 30 October 2024 and were signed by:





Dean Simons - Director


REXPRIDE LIMITED (REGISTERED NUMBER: 06484149)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. 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
Revenue 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.
Plant and machinery etc - 15% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

REXPRIDE LIMITED (REGISTERED NUMBER: 06484149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

3. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2023 17,491 40,030 57,521
Additions - 1,979 1,979
Disposals (17,491 ) (5,962 ) (23,453 )
At 31 January 2024 - 36,047 36,047
DEPRECIATION
At 1 February 2023 15,124 26,283 41,407
Charge for year - 3,057 3,057
Eliminated on disposal (15,124 ) (5,521 ) (20,645 )
At 31 January 2024 - 23,819 23,819
NET BOOK VALUE
At 31 January 2024 - 12,228 12,228
At 31 January 2023 2,367 13,747 16,114

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 128,415 40,363
Other debtors 25,977 62,059
154,392 102,422

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 30,993 33,256
Trade creditors 27,195 46,381
Taxation and social security 31,887 27,633
Other creditors 126,058 101,440
216,133 208,710

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 25,766 36,925

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,766 36,925