Registered number
06893286
Research Republic Ltd
Filleted Accounts
30 April 2024
Research Republic Ltd
Registered number: 06893286
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 19,088 19,088
Current assets
Cash at bank and in hand 329 929
Creditors: amounts falling due within one year 5 (38,234) (38,216)
Net current liabilities (37,905) (37,287)
Net liabilities (18,817) (18,199)
Capital and reserves
Called up share capital 100 100
Profit and loss account (18,917) (18,299)
Shareholders' funds (18,817) (18,199)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Lekhi
Director
Approved by the board on 21 January 2025
Research Republic Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 28,632
At 30 April 2024 28,632
Amortisation
At 1 May 2023 9,544
At 30 April 2024 9,544
Net book value
At 30 April 2024 19,088
At 30 April 2023 19,088
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 4,662
At 30 April 2024 4,662
Depreciation
At 1 May 2023 4,662
At 30 April 2024 4,662
Net book value
At 30 April 2024 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director current account 37,712 37,712
Other creditors 522 504
38,234 38,216
6 Other information
Research Republic Ltd is a private company limited by shares and incorporated in England. Its registered office is:
30 Ellesmere Road
Manchester
M21 0SR
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