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Registered number: 11198742
Recbid.Com Limited
Financial Statements
For The Year Ended 31 March 2025
Accounting Freedom
Westhill House
2b Devonshire Road
Bexleyheath
DA6 8DS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11198742
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 16,062 30,776
Cash at bank and in hand (1,269 ) 14,079
14,793 44,855
Creditors: Amounts Falling Due Within One Year 6 (376,702 ) (551,333 )
NET CURRENT ASSETS (LIABILITIES) (361,909 ) (506,478 )
TOTAL ASSETS LESS CURRENT LIABILITIES (361,909 ) (506,478 )
NET LIABILITIES (361,909 ) (506,478 )
CAPITAL AND RESERVES
Called up share capital 7 11 11
Share premium account 806,991 731,991
Profit and Loss Account (1,168,911 ) (1,238,480 )
SHAREHOLDERS' FUNDS (361,909) (506,478)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Clarkin
Director
31/10/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Recbid.Com Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11198742 . The registered office is Hosehill Farm Hosehill, Sulhamstead, Reading, RG7 4BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10
Computer Equipment 10
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
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Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 500 1,699 2,199
As at 31 March 2025 500 1,699 2,199
Depreciation
As at 1 April 2024 500 1,699 2,199
As at 31 March 2025 500 1,699 2,199
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 - - -
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 2,349 2,349
Other debtors 13,374 28,111
VAT 339 316
16,062 30,776
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 39,999 140,000
Accruals and deferred income 145,000 145,000
Director's loan account 191,703 266,333
376,702 551,333
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 11 11
Page 3