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COMPANY REGISTRATION NUMBER: 04482611
RobinHud Limited
Filleted Unaudited Financial Statements
31 March 2024
RobinHud Limited
Financial Statements
Year Ended 31 March 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
RobinHud Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible assets
6
12,884
9,848
Current Assets
Stocks
55,228
54,885
Debtors
7
98,789
58,962
Cash at bank and in hand
63,499
83,934
---------
---------
217,516
197,781
Creditors: amounts falling due within one year
8
112,248
111,249
---------
---------
Net Current Assets
105,268
86,532
---------
--------
Total Assets Less Current Liabilities
118,152
96,380
Provisions
Taxation including deferred tax
2,656
1,375
---------
--------
Net Assets
115,496
95,005
---------
--------
Capital and Reserves
Called up share capital
9
200
200
Profit and loss account
115,296
94,805
---------
--------
Shareholders Funds
115,496
95,005
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RobinHud Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
Mr D Hudson
Mr W Robinson
Director
Director
Company registration number: 04482611
RobinHud Limited
Notes to the Financial Statements
Year Ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 335-347 Sheffield Road, Whittington Moor, Chesterfield, Derbyshire, S41 8LQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.
Revenue recognition
The turnover shown in the profit and loss account represents amounts earned during the year, exclusive of Value Added Tax.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered 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 where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
straight line over 20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
15% reducing balance
Fixtures & Fittings
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2023: 14 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
150,000
---------
Amortisation
At 1 April 2023 and 31 March 2024
150,000
---------
Carrying amount
At 31 March 2024
---------
At 31 March 2023
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
2,978
11,563
27,460
42,001
Additions
4,750
4,750
-------
--------
--------
--------
At 31 March 2024
2,978
11,563
32,210
46,751
-------
--------
--------
--------
Depreciation
At 1 April 2023
2,629
9,422
20,102
32,153
Charge for the year
52
321
1,341
1,714
-------
--------
--------
--------
At 31 March 2024
2,681
9,743
21,443
33,867
-------
--------
--------
--------
Carrying amount
At 31 March 2024
297
1,820
10,767
12,884
-------
--------
--------
--------
At 31 March 2023
349
2,141
7,358
9,848
-------
--------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
84,722
34,183
Other debtors
14,067
24,779
--------
--------
98,789
58,962
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
47,891
66,096
Corporation tax
8,624
10,846
Social security and other taxes
34,079
21,165
Other creditors
21,654
13,142
---------
---------
112,248
111,249
---------
---------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A Shares shares of £ 1 each
100
100
100
100
Ordinary B Shares shares of £ 1 each
90
90
90
90
Ordinary C Shares shares of £ 1 each
10
10
10
10
----
----
----
----
200
200
200
200
----
----
----
----
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Creditor brought forward 1 April 2022 Amounts advanced to directors Debtor carried forward 31 March 2023
Directors loan accounts (834) 15,846 14,652
Debtor brought forward 1 April 2023 Amounts repaid by directors Debtor carried forward 31 March 2024
£ £ £
Directors loan account 14,652 5,600 9,052