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REGISTERED NUMBER: 07525354 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

RBU Sales UK Limited

RBU Sales UK Limited (Registered number: 07525354)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RBU Sales UK Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R J Buchanan
A L Buchanan





REGISTERED OFFICE: iRecruit UK
Gresley House
Ten Pound Walk
Doncaster
DN4 5HX





REGISTERED NUMBER: 07525354 (England and Wales)

RBU Sales UK Limited (Registered number: 07525354)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 102,663 34,161
102,663 34,161

CURRENT ASSETS
Stocks 86,118 96,870
Debtors 6 480,256 598,336
Cash at bank 49,459 78,786
615,833 773,992
CREDITORS
Amounts falling due within one year 7 681,843 667,455
NET CURRENT (LIABILITIES)/ASSETS (66,010 ) 106,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,653

140,698

CREDITORS
Amounts falling due after more than one
year

8

(137,115

)

(131,831

)

PROVISIONS FOR LIABILITIES 11 (17,952 ) (6,490 )
NET (LIABILITIES)/ASSETS (118,414 ) 2,377

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings (118,416 ) 2,375
SHAREHOLDERS' FUNDS (118,414 ) 2,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RBU Sales UK Limited (Registered number: 07525354)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





A L Buchanan - Director


RBU Sales UK Limited (Registered number: 07525354)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

RBU Sales UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The branding is being amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


RBU Sales UK Limited (Registered number: 07525354)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The directors believe the company will have sufficient funds available to settle its liabilities as they fall due for a period of twelve months from the date of approval of these financial statements and on this basis it is therefore appropriate that they are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Branding
£   
COST
At 1 February 2023
and 31 January 2024 300,000
AMORTISATION
At 1 February 2023
and 31 January 2024 300,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Branding has been fully amortised.

RBU Sales UK Limited (Registered number: 07525354)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 56,325 37,250 1,849 95,424
Additions - 79,693 892 80,585
At 31 January 2024 56,325 116,943 2,741 176,009
DEPRECIATION
At 1 February 2023 50,276 10,477 510 61,263
Charge for year 1,512 10,013 558 12,083
At 31 January 2024 51,788 20,490 1,068 73,346
NET BOOK VALUE
At 31 January 2024 4,537 96,453 1,673 102,663
At 31 January 2023 6,049 26,773 1,339 34,161

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 37,250
Additions 79,693
At 31 January 2024 116,943
DEPRECIATION
At 1 February 2023 10,477
Charge for year 10,013
At 31 January 2024 20,490
NET BOOK VALUE
At 31 January 2024 96,453
At 31 January 2023 26,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 247,196 284,308
Other debtors 41,916 64,711
Directors' current accounts 109,580 162,534
Tax 43,167 43,167
Prepayments and accrued income 38,397 43,616
480,256 598,336

RBU Sales UK Limited (Registered number: 07525354)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,354 5,517
Trade creditors 58,806 39,104
Taxation and social security 263,985 276,132
Other creditors 343,698 346,702
681,843 667,455

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 78,756 21,987
Other creditors 58,359 109,844
137,115 131,831

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 51,485 73,105

Amounts falling due between one and two years:
Other loans - 1-2 years 53,359 51,486

Amounts falling due between two and five years:
Other loans - 2-5 years 5,000 58,358

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Factoring account 276,116 266,885

The factoring account liabilities are secured against the assets they relate to by way of a fixed and floating charge.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,952 6,490

RBU Sales UK Limited (Registered number: 07525354)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 6,490
Charge to Statement of Income and Retained Earnings during year 11,462
Balance at 31 January 2024 17,952

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
R J Buchanan and A L Buchanan
Balance outstanding at start of year 162,534 135,506
Amounts advanced 286,473 193,128
Amounts repaid (339,427 ) (166,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 109,580 162,534

Included within other creditors is a loan which the directors have a shared personal guarantee over the borrowing facilities up to a maximum amount of £100,000.