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Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Ricambio Limited

Ricambio Limited (Registered number: 00987997)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ricambio Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: F Roselli





SECRETARY: F Roselli





REGISTERED OFFICE: 11 Manor Road
Wallington
Surrey
SM6 0BW





REGISTERED NUMBER: 00987997 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8/10 South Street
Epsom
Surrey
KT18 7PF

Ricambio Limited (Registered number: 00987997)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,426 33,508

CURRENT ASSETS
Stocks 5 158,650 219,453
Debtors 6 2,113 1,963
Cash at bank 75,054 118,236
235,817 339,652
CREDITORS
Amounts falling due within one year 7 77,483 57,728
NET CURRENT ASSETS 158,334 281,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,760

315,432

CREDITORS
Amounts falling due after more than one
year

8

(34,565

)

(39,839

)

PROVISIONS FOR LIABILITIES (6,889 ) (6,255 )
NET ASSETS 152,306 269,338

CAPITAL AND RESERVES
Called up share capital 9 3,000 3,000
Retained earnings 149,306 266,338
SHAREHOLDERS' FUNDS 152,306 269,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:




F Roselli - Director


Ricambio Limited (Registered number: 00987997)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Ricambio Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

Ricambio Limited (Registered number: 00987997)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 60,303 32,327 70,247 15,989 178,866
Additions - 7,753 - - 7,753
At 30 June 2024 60,303 40,080 70,247 15,989 186,619
DEPRECIATION
At 1 July 2023 57,638 14,317 58,476 14,927 145,358
Charge for year 533 2,005 2,943 354 5,835
At 30 June 2024 58,171 16,322 61,419 15,281 151,193
NET BOOK VALUE
At 30 June 2024 2,132 23,758 8,828 708 35,426
At 30 June 2023 2,665 18,010 11,771 1,062 33,508

5. STOCKS
2024 2023
£    £   
Stocks 158,650 219,453

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 2,113 1,963

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,074 17,564
Tax 19,965 17,240
VAT 13,333 10,527
Other creditors 181 4,933
Other Taxes & PAYE 3,670 3,126
Accrued Expenses 2,815 2,815
Directors' current accounts 445 1,523
77,483 57,728

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
HSBC BBL loan 34,565 39,839

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,000 Ordinary £1 3,000 3,000

Ricambio Limited (Registered number: 00987997)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


10. ULTIMATE CONTROLLING PARTY

The company is under the control of F Roselli.