Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-26false2023-09-011falseRetail sales of electronic goods1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04870699 2023-09-01 2024-08-31 04870699 2022-09-01 2023-08-31 04870699 2024-08-31 04870699 2023-08-31 04870699 c:Director1 2023-09-01 2024-08-31 04870699 d:ComputerEquipment 2023-09-01 2024-08-31 04870699 d:ComputerEquipment 2024-08-31 04870699 d:ComputerEquipment 2023-08-31 04870699 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04870699 d:CurrentFinancialInstruments 2024-08-31 04870699 d:CurrentFinancialInstruments 2023-08-31 04870699 d:Non-currentFinancialInstruments 2024-08-31 04870699 d:Non-currentFinancialInstruments 2023-08-31 04870699 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04870699 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04870699 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 04870699 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 04870699 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 04870699 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 04870699 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 04870699 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 04870699 d:ShareCapital 2024-08-31 04870699 d:ShareCapital 2023-08-31 04870699 d:RetainedEarningsAccumulatedLosses 2024-08-31 04870699 d:RetainedEarningsAccumulatedLosses 2023-08-31 04870699 c:OrdinaryShareClass1 2023-09-01 2024-08-31 04870699 c:OrdinaryShareClass1 2024-08-31 04870699 c:OrdinaryShareClass1 2023-08-31 04870699 c:FRS102 2023-09-01 2024-08-31 04870699 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04870699 c:FullAccounts 2023-09-01 2024-08-31 04870699 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04870699 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04870699














RMXDIRECT LIMITED
UNAUDITED
 FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  31 AUGUST 2024

 
RMXDIRECT LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
RMXDIRECT LIMITED
REGISTERED NUMBER:04870699

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1
41

  
1
41

Current assets
  

Stocks
  
3,542
3,887

Debtors: amounts falling due within one year
 5 
1,146
734

Cash at bank and in hand
  
3,900
3,573

  
8,588
8,194

Creditors: amounts falling due within one year
 6 
(74,222)
(51,535)

Net current liabilities
  
 
 
(65,634)
 
 
(43,341)

Total assets less current liabilities
  
(65,633)
(43,300)

Creditors: amounts falling due after more than one year
 7 
(4,212)
(7,311)

  

Net liabilities
  
(69,845)
(50,611)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(69,945)
(50,711)

  
(69,845)
(50,611)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2025.



Page 1

 
RMXDIRECT LIMITED
REGISTERED NUMBER:04870699
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024


P A Gregson
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RMXDIRECT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

RMXDirect Limited is a limited liability company registered in England and Wales. The registered address is at 100 Liverpool Road, Southport, Merseyside PR8 4DA.
The principal activity of the company continued to be that of retail sales of electronic goods.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised when goods are delivered and title has passed.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
RMXDIRECT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Basic financial instruments


The company only enters into transactions which result in basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are recognised initially at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are recognised initially at transaction costs plus attributable transaction costs.  Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.

 
2.6

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Page 4

 
RMXDIRECT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
RMXDIRECT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 September 2023
121



At 31 August 2024

121



Depreciation


At 1 September 2023
80


Charge for the year on owned assets
40



At 31 August 2024

120



Net book value



At 31 August 2024
1



At 31 August 2023
41


5.


Debtors

2024
2023
£
£


Trade debtors
311
262

Other debtors
835
472

1,146
734


Page 6

 
RMXDIRECT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
9,708
9,981

Bank loans
2,500
2,500

Trade creditors
12,206
1,187

Corporation tax
4
4

Other creditors
49,804
37,863

74,222
51,535





7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,212
7,311

4,212
7,311



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,500
2,500


2,500
2,500

Amounts falling due 1-2 years

Bank loans
2,500
2,500


2,500
2,500

Amounts falling due 2-5 years

Bank loans
1,712
4,811


1,712
4,811


6,712
9,811


Page 7

 
RMXDIRECT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 8