Company Registration No. 12333034 (England and Wales)
R44 Performance Limited
Unaudited accounts
for the year ended 30 November 2024
R44 Performance Limited
Unaudited accounts
Contents
R44 Performance Limited
Company Information
for the year ended 30 November 2024
Company Number
12333034 (England and Wales)
Registered Office
Unit 4 Latif House
First Way, Wembley
London
HA9 0JD
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
R44 Performance Limited
Statement of financial position
as at 30 November 2024
Tangible assets
373,979
355,541
Inventories
147,195
309,083
Cash at bank and in hand
25,100
25,570
Creditors: amounts falling due within one year
(310,702)
(412,387)
Net current assets
15,320
26,929
Total assets less current liabilities
389,299
382,470
Creditors: amounts falling due after more than one year
(260,657)
(210,091)
Provisions for liabilities
Deferred tax
(13,131)
(14,217)
Net assets
115,511
158,162
Called up share capital
100
100
Profit and loss account
115,411
158,062
Shareholders' funds
115,511
158,162
For the year ending 30 November 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 29 August 2025 and were signed on its behalf by
Mr R Herd
Director
Company Registration No. 12333034
R44 Performance Limited
Notes to the Accounts
for the year ended 30 November 2024
R44 Performance Limited is a private company, limited by shares, registered in England and Wales, registration number 12333034. The registered office is Unit 4 Latif House, First Way, Wembley, London, HA9 0JD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
15% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
3 Year Straight Line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
R44 Performance Limited
Notes to the Accounts
for the year ended 30 November 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
129,352
236,054
38,498
15,556
419,460
Additions
129,262
5,900
-
6,951
142,113
Disposals
(11,382)
(59,467)
-
-
(70,849)
At 30 November 2024
247,232
182,487
38,498
22,507
490,724
At 1 December 2023
25,725
21,545
9,786
6,863
63,919
Charge for the year
23,310
24,132
4,307
5,934
57,683
On disposals
(1,893)
(2,964)
-
-
(4,857)
At 30 November 2024
47,142
42,713
14,093
12,797
116,745
At 30 November 2024
200,090
139,774
24,405
9,710
373,979
At 30 November 2023
103,627
214,509
28,712
8,693
355,541
Amounts falling due within one year
Trade debtors
84,288
48,799
Other debtors
69,439
47,788
R44 Performance Limited
Notes to the Accounts
for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,200
37,797
Obligations under finance leases and hire purchase contracts
42,147
24,019
Trade creditors
159,720
302,709
Taxes and social security
5,261
18,919
Other creditors
91,271
28,943
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
132,821
96,667
Other creditors
124,236
103,173
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Average number of employees
During the year the average number of employees was 12 (2023: 15).