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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
Page
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R44 Performance Limited Company Information for the year ended 30 November 2024
Director
Mr R Herd
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
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R44 Performance Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
373,979 
355,541 
Current assets
Inventories
147,195 
309,083 
Debtors
153,727 
104,663 
Cash at bank and in hand
25,100 
25,570 
326,022 
439,316 
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 
Capital and reserves
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
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R44 Performance Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
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.
Turnover
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.
Foreign exchange
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
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.
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R44 Performance Limited Notes to the Accounts for the year ended 30 November 2024
Deferred taxation
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.
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.
4
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,076 
Trade debtors
84,288 
48,799 
Other debtors
69,439 
47,788 
153,727 
104,663 
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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 
VAT
5,103 
- 
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 
310,702 
412,387 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,600 
10,251 
Obligations under finance leases and hire purchase contracts
132,821 
96,667 
Other creditors
124,236 
103,173 
260,657 
210,091 
8
Average number of employees
During the year the average number of employees was 12 (2023: 15).
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