REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 29 NOVEMBER 2020 |
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RUPERT AND BUCKLEY LTD. |
REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 29 NOVEMBER 2020 |
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FOR |
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RUPERT AND BUCKLEY LTD. |
RUPERT AND BUCKLEY LTD. (REGISTERED NUMBER: 07651576) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 29 November 2020 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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RUPERT AND BUCKLEY LTD. |
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COMPANY INFORMATION |
for the year ended 29 November 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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RUPERT AND BUCKLEY LTD. (REGISTERED NUMBER: 07651576) |
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ABRIDGED BALANCE SHEET |
29 November 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium | 9 |
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Retained earnings | 9 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
RUPERT AND BUCKLEY LTD. (REGISTERED NUMBER: 07651576) |
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ABRIDGED BALANCE SHEET - continued |
29 November 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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RUPERT AND BUCKLEY LTD. (REGISTERED NUMBER: 07651576) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 29 November 2020 |
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1. | STATUTORY INFORMATION |
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Rupert And Buckley Ltd. is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below. |
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At 29 November 2019 the company has net current liabilities of £648,384 (2019 - £1,950,245) and overall net liabilities of £687,710 (2019 - £1,937,771). |
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The company entered into a Company Voluntary Arrangement on 24 May 2019. With the adoption of this agreement and the support of Mr Nigel Robinson, the directors are of the opinion that the company is a going concern and the financial statements have been prepared on this basis. |
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Turnover |
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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RUPERT AND BUCKLEY LTD. (REGISTERED NUMBER: 07651576) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 29 November 2020 |
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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. |
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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. |
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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. |
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Foreign currencies |
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 30 November 2019 |
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Additions |
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At 29 November 2020 |
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DEPRECIATION |
At 30 November 2019 |
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Charge for year |
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At 29 November 2020 |
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NET BOOK VALUE |
At 29 November 2020 |
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At 29 November 2019 |
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RUPERT AND BUCKLEY LTD. (REGISTERED NUMBER: 07651576) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 29 November 2020 |
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5. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
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Other debtors relate to the deferred tax asset. |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
2020 | 2019 |
£ | £ |
Repayable by instalments |
Bank loans - more than 5 years | 7,904 | - |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2020 | 2019 |
£ | £ |
Within one year |
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Between one and five years |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary £8.50 | £8.50 | 51,884 | 15,122 |
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Ordinary £8.50 non-voting | £8.50 | 51 | 51 |
51,935 | 15,173 |
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On 7th May 2020, 4,325 Ordinary £8.50 shares were issued at £346.82 per share for a total consideration of £1,499,997. |
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On 11th May 2020, Rupert and Buckley Ltd entered into a group reorganisation, following agreement by its members. The entire share capital of the company was acquired by Rupert and Buckley International Ltd, The consideration being the allotment of new shares issued in Rupert and Buckley International Ltd. |
RUPERT AND BUCKLEY LTD. (REGISTERED NUMBER: 07651576) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 29 November 2020 |
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9. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 30 November 2019 | ( |
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(1,952,944 | ) |
Deficit for the year | ( |
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Cash share issue | - | 1,463,234 | 1,463,234 |
At 29 November 2020 | ( |
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(739,645 | ) |
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Share premium |
This represents the premium paid to acquire share capital in the company |
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10. | PENSION |
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At the year end there were outstanding pensions contributions of £
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