Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-2862023-03-01falseOperation of warehousing and storage facilities for land transport activities6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13937837 2023-03-01 2024-02-28 13937837 2022-02-24 2023-02-28 13937837 2024-02-28 13937837 2023-02-28 13937837 c:Director1 2023-03-01 2024-02-28 13937837 d:PlantMachinery 2023-03-01 2024-02-28 13937837 d:PlantMachinery 2024-02-28 13937837 d:PlantMachinery 2023-02-28 13937837 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13937837 d:MotorVehicles 2023-03-01 2024-02-28 13937837 d:MotorVehicles 2024-02-28 13937837 d:MotorVehicles 2023-02-28 13937837 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13937837 d:OfficeEquipment 2023-03-01 2024-02-28 13937837 d:OfficeEquipment 2024-02-28 13937837 d:OfficeEquipment 2023-02-28 13937837 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13937837 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13937837 d:CurrentFinancialInstruments 2024-02-28 13937837 d:CurrentFinancialInstruments 2023-02-28 13937837 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 13937837 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13937837 d:ShareCapital 2024-02-28 13937837 d:ShareCapital 2023-02-28 13937837 d:RetainedEarningsAccumulatedLosses 2024-02-28 13937837 d:RetainedEarningsAccumulatedLosses 2023-02-28 13937837 c:FRS102 2023-03-01 2024-02-28 13937837 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13937837 c:FullAccounts 2023-03-01 2024-02-28 13937837 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13937837 e:PoundSterling 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure

Registered number: 13937837









RRM WAREHOUSING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2024

 
RRM WAREHOUSING LIMITED
REGISTERED NUMBER: 13937837

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
2023
                                                                            Note
£
£

Fixed assets
  

Tangible assets
 4 
42,451
38,874

  
42,451
38,874

Current assets
  

Stocks
  
6,623
6,623

Debtors: amounts falling due within one year
 6 
104,487
73,332

Cash at bank and in hand
 7 
22,294
47,755

  
133,404
127,710

Creditors: amounts falling due within one year
 8 
(355,856)
(141,792)

Net current liabilities
  
 
 
(222,452)
 
 
(14,082)

Total assets less current liabilities
  
(180,001)
24,792

  

Net (liabilities)/assets
  
(180,001)
24,792


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(180,002)
24,791

  
(180,001)
24,792


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2024.


Page 1

 
RRM WAREHOUSING LIMITED
REGISTERED NUMBER: 13937837
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2024



N Payne
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RRM WAREHOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

RRM Warehousing Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is The Bank, 36 Hight Street, Halstead, Essex, United Kingdom, CO9 2AQ.
The principal activity of the Company continued to be that of outsourcing warehousing and storage facilities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on the going concern basis. The company incurred a loss of £204,793 during the period and net liabilities of £180,001 as at 28 February 2024 indicating that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.
As part of its going concern review, the director has followed the guidelines published by the Financial Reporting Council entitled ''Guidance on the Going Concern Basis of Accounting and Reporting on Solvency and Liquidity Risks''. The director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Thus the director continue to adopt the going concern basis of accounting in preparing theannual financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
RRM WAREHOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line basis
Motor vehicles
-
20%
straight line basis
Office equipment
-
25%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Page 4

 
RRM WAREHOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2023 - 6).

Page 5

 
RRM WAREHOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2023
39,701
9,750
881
50,332


Additions
-
20,000
-
20,000


Disposals
(5,525)
(9,750)
-
(15,275)



At 28 February 2024

34,176
20,000
881
55,057



Depreciation


At 1 March 2023
6,381
4,875
202
11,458


Charge for the year on owned assets
9,256
2,438
220
11,914


Disposals
(3,453)
(7,313)
-
(10,766)



At 28 February 2024

12,184
-
422
12,606



Net book value



At 28 February 2024
21,992
20,000
459
42,451



At 28 February 2023
33,320
4,875
679
38,874


5.


Stocks

2024
2023
£
£

Stocks
6,623
6,623

6,623
6,623


Page 6

 
RRM WAREHOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
53,992
67,532

Other debtors
33,983
1,501

Prepayments and accrued income
16,512
4,299

104,487
73,332



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
22,294
47,755

22,294
47,755



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
40,428
47,749

Other taxation and social security
3,757
24,663

Other creditors
305,535
66,211

Accruals and deferred income
6,136
3,169

355,856
141,792



9.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,210 (2023 - £3,368). Contributions totalling £22 (2023 - £1,292) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

At the year end is an amount owed to the director of the company amounting to £26,369 (2023: £Nil).
At the year end is an amount owed by a connected entity amounting to £19,541 
(2023: £Nil).

Page 7

 
RRM WAREHOUSING LIMITED
 
 
 Page 8