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Company Registration No. 02574866 (England and Wales)
REXMORE MARKETING LIMITED Unaudited accounts for the year ended 31 May 2024
REXMORE MARKETING LIMITED Unaudited accounts Contents
Page
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REXMORE MARKETING LIMITED Company Information for the year ended 31 May 2024
Directors
SIMPSON, Brian David SIMPSON, Hannah Chloe SIMPSON, Alison
Company Number
02574866 (England and Wales)
Registered Office
THE HOLLY & LAUREL HORSHAM ROAD SOUTH HOLMWOOD DORKING SURREY RH5 4NG
Accountants
Surrey Hills Accountancy Limited The Old Workshop Longfrey Cottage Dorking Road Chilworth GU4 8RH
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REXMORE MARKETING LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
929,617 
934,051 
Current assets
Inventories
20,500 
21,850 
Debtors
331,217 
168,886 
Cash at bank and in hand
14,700 
225,175 
366,417 
415,911 
Creditors: amounts falling due within one year
(6,204)
(229,251)
Net current assets
360,213 
186,660 
Total assets less current liabilities
1,289,830 
1,120,711 
Creditors: amounts falling due after more than one year
(646,745)
(449,783)
Net assets
643,085 
670,928 
Capital and reserves
Called up share capital
500 
500 
Share premium
3,600 
3,600 
Revaluation reserve
300,000 
300,000 
Profit and loss account
338,985 
366,828 
Shareholders' funds
643,085 
670,928 
For the year ending 31 May 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 19 February 2025 and were signed on its behalf by
SIMPSON, Hannah Chloe Director Company Registration No. 02574866
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REXMORE MARKETING LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
REXMORE MARKETING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02574866. The registered office is THE HOLLY & LAUREL, HORSHAM ROAD SOUTH HOLMWOOD , DORKING, SURREY, RH5 4NG.
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.
Presentation currency
The accounts are presented in £ sterling.
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
4 Years
Motor vehicles
4 Years
Fixtures & fittings
6.6 Years
Computer equipment
3 Years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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REXMORE MARKETING LIMITED Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
916,653 
40,688 
33,658 
23,007 
24,780 
1,038,786 
Disposals
- 
- 
- 
(750)
- 
(750)
At 31 May 2024
916,653 
40,688 
33,658 
22,257 
24,780 
1,038,036 
Depreciation
At 1 June 2023
- 
27,753 
33,658 
19,953 
23,371 
104,735 
Charge for the year
- 
2,940 
- 
433 
592 
3,965 
On disposals
- 
- 
- 
(281)
- 
(281)
At 31 May 2024
- 
30,693 
33,658 
20,105 
23,963 
108,419 
Net book value
At 31 May 2024
916,653 
9,995 
- 
2,152 
817 
929,617 
At 31 May 2023
916,653 
12,935 
- 
3,054 
1,409 
934,051 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,385 
2,307 
Trade debtors
(60)
300 
Amounts due from group undertakings etc.
7,751 
19,442 
Accrued income and prepayments
6,843 
4,899 
Other debtors
3,808 
1,445 
22,727 
28,393 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
308,490 
140,493 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,333 
13,333 
Trade creditors
5,967 
8,809 
Amounts owed to group undertakings and other participating interests
(528)
- 
Taxes and social security
1,631 
2,168 
Other creditors
26,985 
20,613 
Loans from directors
(42,878)
182,828 
Accruals
1,694 
1,500 
6,204 
229,251 
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REXMORE MARKETING LIMITED Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
141,129 
149,756 
Obligations under finance leases and hire purchase contracts
17,067 
21,715 
Amounts owed to group undertakings and other participating interests
278,312 
278,312 
Loans from directors
210,237 
- 
646,745 
449,783 
8
Transactions with related parties
During the year under review, the company received rent of £2,500 per month from REXMORE RETAIL LIMITED, a group company, for the use of freehold property by the company, which is owned by the company. The lease is under formal contract terms and has an independently verified rent review period every one year. REXMORE RETAIL LIMITED, a group company, has received a loan from the company of £180,000. 15 years loan terms - market interest rates applied. Start Mar 2020. Remaining balance: £128,490.31 REXMORE RETAIL LIMITED, a group company, has received a short-term loan from the company of £32,000. Remaining balance: £7,751.32 REXMORE RETAIL LIMITED, a group company, has received a long-term loan from the company of £180,000.00 on 06/06/2023 - with no interests payable on the loan. Remaining balance: £180,000.00 The company pays REXMORE RETAIL LIMITED, a group company £100 per month for the usage of the company telephone facilities. The company receives from REXMORE RETAIL LIMITED, a group company, £618.95 per month for directors benefits, £446.48 per month for the usage of leased car GJ70 WFM, and £685.45 up to Jan 2024 (from May 24 this was £721.92) for the above van insurance. As of 31/05/2024 other intercompany balances due to REXMORE RETAIL LIMITED stand at £278,311.63. Salaries paid to directors equals £30,000.00 gross which was a fair market renumeration.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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