Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3112023-02-01falseOther business support service activities1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12428005 2023-02-01 2024-01-31 12428005 2022-02-01 2023-01-31 12428005 2024-01-31 12428005 2023-01-31 12428005 c:Director1 2023-02-01 2024-01-31 12428005 d:OfficeEquipment 2023-02-01 2024-01-31 12428005 d:OfficeEquipment 2024-01-31 12428005 d:OfficeEquipment 2023-01-31 12428005 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12428005 d:CurrentFinancialInstruments 2024-01-31 12428005 d:CurrentFinancialInstruments 2023-01-31 12428005 d:Non-currentFinancialInstruments 2024-01-31 12428005 d:Non-currentFinancialInstruments 2023-01-31 12428005 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12428005 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12428005 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12428005 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12428005 d:ShareCapital 2024-01-31 12428005 d:ShareCapital 2023-01-31 12428005 d:RetainedEarningsAccumulatedLosses 2024-01-31 12428005 d:RetainedEarningsAccumulatedLosses 2023-01-31 12428005 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 12428005 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 12428005 c:OrdinaryShareClass1 2023-02-01 2024-01-31 12428005 c:OrdinaryShareClass1 2024-01-31 12428005 c:OrdinaryShareClass1 2023-01-31 12428005 c:FRS102 2023-02-01 2024-01-31 12428005 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12428005 c:FullAccounts 2023-02-01 2024-01-31 12428005 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12428005 2 2023-02-01 2024-01-31 12428005 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12428005









RB GLOBAL METELLI LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
RB GLOBAL METELLI LIMITED
REGISTERED NUMBER: 12428005

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,070
1,093

  
1,070
1,093

Current assets
  

Debtors: amounts falling due within one year
 5 
18,091
14,704

Cash at bank and in hand
  
5,480
1,151

  
23,571
15,855

Creditors: amounts falling due within one year
 6 
(19,439)
(14,845)

Net current assets
  
 
 
4,132
 
 
1,010

Total assets less current liabilities
  
5,202
2,103

Creditors: amounts falling due after more than one year
 7 
-
(771)

Provisions for liabilities
  

Deferred tax
 8 
(202)
(208)

  
 
 
(202)
 
 
(208)

Net assets
  
5,000
1,124


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
4,999
1,123

  
5,000
1,124


Page 1

 
RB GLOBAL METELLI LIMITED
REGISTERED NUMBER: 12428005
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 income and retained earnings 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 30 October 2024.




Richard Ivan Bennett
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RB GLOBAL METELLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The company is registered in England and Wales. Its registered office is Stanley House, 27 Wellington
Road, Bilston, West Midlands, WV14 6AH. The company's principal activity is car parts consultancy.  

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

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
RB GLOBAL METELLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance 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 profit or loss.

 
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.

Page 4

 
RB GLOBAL METELLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
RB GLOBAL METELLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2023
1,140



At 31 January 2024

1,140



Depreciation


At 1 February 2023
47


Charge for the year on owned assets
23



At 31 January 2024

70



Net book value



At 31 January 2024
1,070



At 31 January 2023
1,093

Page 6

 
RB GLOBAL METELLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
11,529
3,662

Other debtors
6,562
11,042

18,091
14,704



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
1,980

Corporation tax
10,234
4,667

Other taxation and social security
681
726

Other creditors
2,840
2,000

Accruals and deferred income
5,684
5,472

19,439
14,845



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
771

-
771


Page 7

 
RB GLOBAL METELLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Deferred taxation




2024


£






At beginning of year
208


Utilised in year
(5)



At end of year
(203)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
203
208

203
208


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Transactions with directors

During the year the company received repayments from the director totalling £5,999. Interest was levied on the loan of £307. The balance owed by the director at the reporting date was £Nil. (2023 £5,999).

 
Page 8