Company Registration No. 12576179 (England and Wales)
2R1 LIMITED
Unaudited accounts
for the year ended 30 April 2024
2R1 LIMITED
Unaudited accounts
Contents
2R1 LIMITED
Company Information
for the year ended 30 April 2024
Directors
Imran Khan Raja
Mohammad Ali Raja
Salman Qamar
Company Number
12576179 (England and Wales)
Registered Office
297 WEST END ROAD
RUISLIP
HA4 6QS
ENGLAND
2R1 LIMITED
Statement of financial position
as at 30 April 2024
Intangible assets
27,000
30,000
Tangible assets
147,280
178,902
Cash at bank and in hand
65,668
61,699
Creditors: amounts falling due within one year
(86,360)
(55,272)
Net current assets
23,333
30,420
Total assets less current liabilities
197,613
239,322
Creditors: amounts falling due after more than one year
(331,126)
(322,790)
Net liabilities
(133,513)
(83,468)
Called up share capital
100
100
Profit and loss account
(133,613)
(83,568)
Shareholders' funds
(133,513)
(83,468)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
Imran Khan Raja
Director
Company Registration No. 12576179
2R1 LIMITED
Notes to the Accounts
for the year ended 30 April 2024
2R1 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12576179. The registered office is 297 WEST END ROAD, RUISLIP, HA4 6QS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 Years
Computer equipment
5 Years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
2R1 LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
24,960
221,660
21,454
268,074
Additions
1,688
2,398
753
4,839
At 30 April 2024
26,648
224,058
22,207
272,913
At 1 May 2023
10,473
67,990
10,709
89,172
Charge for the year
5,259
26,870
4,332
36,461
At 30 April 2024
15,732
94,860
15,041
125,633
At 30 April 2024
10,916
129,198
7,166
147,280
At 30 April 2023
14,487
153,670
10,745
178,902
Amounts falling due within one year
Trade debtors
13,185
5,993
Amounts falling due after more than one year
Other debtors
26,125
18,000
2R1 LIMITED
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
60,327
21,697
Taxes and social security
2,134
2,142
Other creditors
6,622
6,477
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
331,126
322,790
Mr Imran Raja, Mr Mohammad Ali and Mr Salman Qamar, the directors, control the company by virtue of 34%, 33% and 33% of the issued ordinary share capital respectively.
10
Average number of employees
During the year the average number of employees was 18 (2023: 20).