1 May 2023 false Taxfiler 2024.6 12576179business:PrivateLimitedCompanyLtd2023-05-012024-04-30 125761792023-04-30 125761792023-05-012024-04-30 12576179business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 12576179business:FilletedAccounts2023-05-012024-04-30 125761792024-04-30 12576179business:Director12023-05-012024-04-30 12576179business:Director22023-05-012024-04-30 12576179business:Director32023-05-012024-04-30 12576179business:RegisteredOffice2023-05-012024-04-30 125761792023-04-30 12576179core:WithinOneYear2024-04-30 12576179core:WithinOneYear2023-04-30 12576179core:AfterOneYear2024-04-30 12576179core:AfterOneYear2023-04-30 12576179core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 12576179core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 12576179core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 12576179core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 12576179core:PreviouslyStatedAmount2024-04-30 12576179core:PreviouslyStatedAmount2023-04-30 12576179business:SmallEntities2023-05-012024-04-30 12576179countries:EnglandWales2023-05-012024-04-30 12576179core:PlantMachinery2023-05-012024-04-30 12576179core:FurnitureFittings2023-05-012024-04-30 12576179core:ComputerEquipment2023-05-012024-04-30 12576179core:IntangibleAssetsOtherThanGoodwill2023-04-30 12576179core:IntangibleAssetsOtherThanGoodwill2024-04-30 12576179core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30 12576179core:PlantMachinery2023-04-30 12576179core:FurnitureFittings2023-04-30 12576179core:ComputerEquipment2023-04-30 12576179core:PlantMachinery2024-04-30 12576179core:FurnitureFittings2024-04-30 12576179core:ComputerEquipment2024-04-30 125761792022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 12576179 (England and Wales)
2R1 LIMITED Unaudited accounts for the year ended 30 April 2024
2R1 LIMITED Unaudited accounts Contents
Page
- 2 -
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
- 3 -
2R1 LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,000 
30,000 
Tangible assets
147,280 
178,902 
174,280 
208,902 
Current assets
Debtors
44,025 
23,993 
Cash at bank and in hand
65,668 
61,699 
109,693 
85,692 
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)
Capital and reserves
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
- 4 -
2R1 LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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:
Plant & machinery
5 Years
Fixtures & fittings
5 Years
Computer equipment
5 Years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
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.
- 5 -
2R1 LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
30,000 
At 30 April 2024
30,000 
Amortisation
At 1 May 2023
- 
Charge for the year
3,000 
At 30 April 2024
3,000 
Net book value
At 30 April 2024
27,000 
At 30 April 2023
30,000 
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 
Depreciation
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 
Net book value
At 30 April 2024
10,916 
129,198 
7,166 
147,280 
At 30 April 2023
14,487 
153,670 
10,745 
178,902 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,185 
5,993 
Other debtors
4,715 
- 
17,900 
5,993 
Amounts falling due after more than one year
Other debtors
26,125 
18,000 
- 6 -
2R1 LIMITED Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,277 
24,956 
Trade creditors
60,327 
21,697 
Taxes and social security
2,134 
2,142 
Other creditors
6,622 
6,477 
86,360 
55,272 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
331,126 
322,790 
9
Controlling party
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).
- 7 -