IRIS Accounts Production
v24.3.0.553
13862420
Board of Directors
1.3.23
29.2.24
29.2.24
8/11/2024
false
true
false
false
true
false
Auditors Opinion
Ordinary
250,100.00000
Ordinary
250,100.00000
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REGISTERED NUMBER: 13862420 (England and Wales) |
Rubicon UK Holdings Limited |
Audited Financial Statements for the Year Ended 29 February 2024 |
|
Notes to the Financial Statements |
3 |
|
to |
|
5 |
|
REGISTERED OFFICE: |
C/o Mazars Llp The Pinnacle |
|
REGISTERED NUMBER: |
13862420 (England and Wales) |
|
AUDITORS: |
Tearle & Carver Limited |
Tangible assets |
4 |
1,016 |
|
839 |
|
|
Debtors |
5 |
347,266 |
|
575,136 |
|
|
Cash at bank |
67,784 |
|
71,229 |
|
|
Amounts falling due within one year |
6 |
1,058,561 |
|
1,206,580 |
|
|
NET CURRENT ASSETS |
193,537 |
|
261,710 |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
194,553 |
|
262,549 |
|
|
Called up share capital |
7 |
250,100 |
|
250,100 |
|
|
Retained earnings |
(55,547 |
) |
12,449 |
|
|
SHAREHOLDERS' FUNDS |
194,553 |
|
262,549 |
|
|
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 Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by: |
|
Rubicon UK Holdings 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. |
|
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Computer equipment is depreciated over an expected useful economic life of three years |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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 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. |
3. |
EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was 2 (2023 - 2 ) . |
|
At 29 February 2024 |
1,843 |
|
|
|
At 29 February 2024 |
1,016 |
|
|
5. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Trade debtors |
347,266 |
|
575,031 |
|
|
6. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Wages & salaries control |
3,893 |
|
3,558 |
|
|
|
Trade creditors |
165,090 |
|
849,305 |
|
|
|
Taxation and social security |
128,642 |
|
102,254 |
|
|
|
Other creditors |
760,936 |
|
251,463 |
|
|
7. |
CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
|
Number: |
Class: |
Nominal |
2024 |
2023 |
|
|
250,100 |
Ordinary |
25010 |
0 |
250,100 |
|
250,100 |
|
|
8. |
DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
Kameliya Harrison FCA (Senior Statutory Auditor) |
|
for and on behalf of Tearle & Carver Limited |
9. |
RELATED PARTY DISCLOSURES |
|
At the end of the period a balance of £252,455 was owed to Rubicon Electrical Distributor Proprietary Limited in the form of an unsecured loan, this is payable on demand |
|
A further balance of £489,676 is owed to Western Cape Rubicon Electrical as a trade creditor |
|
Having considered the balance sheet position and availability of support from parent companies the Directors believe that the entity is a going concern. |