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Company Registration No. 8353876 (England and Wales)
REFC LIMITED Unaudited accounts for the year ended 31 March 2024
REFC LIMITED Unaudited accounts Contents
Page
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REFC LIMITED Company Information for the year ended 31 March 2024
Director
Nir Yedid
Company Number
8353876 (England and Wales)
Registered Office
3 CADBURY CLOSE LONDON N20 9BD ENGLAND
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REFC LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
81,658 
14,446 
Current assets
Debtors
97,635 
160,508 
Cash at bank and in hand
26,991 
59,936 
124,626 
220,444 
Creditors: amounts falling due within one year
(132,905)
(116,135)
Net current (liabilities)/assets
(8,279)
104,309 
Total assets less current liabilities
73,379 
118,755 
Creditors: amounts falling due after more than one year
(857,514)
(926,495)
Net liabilities
(784,135)
(807,740)
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
(784,435)
(808,040)
Shareholders' funds
(784,135)
(807,740)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 17 March 2025 and were signed on its behalf by
Nir Yedid Director Company Registration No. 8353876
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REFC LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
REFC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8353876. The registered office is 3 CADBURY CLOSE, LONDON, N20 9BD, 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.
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:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
86,063 
86,063 
Additions
84,273 
- 
84,273 
At 31 March 2024
84,273 
86,063 
170,336 
Depreciation
At 1 April 2023
- 
71,617 
71,617 
Charge for the year
2,615 
14,446 
17,061 
At 31 March 2024
2,615 
86,063 
88,678 
Net book value
At 31 March 2024
81,658 
- 
81,658 
At 31 March 2023
- 
14,446 
14,446 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
97,635 
160,508 
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REFC LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
11,843 
- 
Other creditors
117,012 
112,085 
Accruals
4,050 
4,050 
132,905 
116,135 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
857,514 
926,495 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
100 Ordinary B shares of £1 each
100 
100 
100 Ordinary C shares of £1 each
100 
100 
300 
300 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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