Registration number:
Rabix Limited
trading as
for the Year Ended 31 August 2019
Chartered Certified Accountants
8f Millars Brook
Molly Millars Lane
Wokingham
Berkshire
RG41 2AD
Rabix Limited
trading as UnaVida Life Planning
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Rabix Limited
trading as UnaVida Life Planning
Company Information
Director |
Mr R L C Best |
Company secretary |
Pareto Lawrence Limited |
Registered office |
|
Accountants |
|
Page 1 |
Rabix Limited
trading as UnaVida Life Planning
(Registration number: 05553273)
Balance Sheet as at 31 August 2019
Note |
2019 |
2018 |
|
Current assets |
|||
Debtors |
|
|
|
Investments |
56,079 |
- |
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
34,750 |
34,750 |
|
Share premium reserve |
7,810 |
7,810 |
|
Profit and loss account |
143,617 |
84,178 |
|
Total equity |
186,177 |
126,738 |
For the financial year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 2 |
Rabix Limited
trading as UnaVida Life Planning
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
4 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Page 3 |
Rabix Limited
trading as UnaVida Life Planning
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
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 taxable income.
Investments
Investments are measured at fair value
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits,
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured less any provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 4 |
Rabix Limited
trading as UnaVida Life Planning
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
|
Current financial assets |
||
Cost or valuation |
||
Additions |
110,414 |
110,414 |
Fair value adjustments |
(5,695) |
(5,695) |
Disposals |
(48,640) |
(48,640) |
At 31 August 2019 |
56,079 |
56,079 |
Carrying amount |
||
At 31 August 2019 |
|
56,079 |
Debtors |
2019 |
2018 |
|
Prepayments |
|
|
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2019 |
2018 |
|
Due within one year |
||
Trade creditors |
|
|
Taxation and social security |
|
|
Accruals and deferred income |
|
|
Other creditors |
|
|
|
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Page 5 |
Rabix Limited
trading as UnaVida Life Planning
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
|||
No. |
£ |
No. |
£ |
|
|
|
7,500 |
|
7,500 |
|
|
2,250 |
|
2,250 |
|
|
|
|
Allotted, called up and not fully paid shares
2019 |
2018 |
|||
No. |
£ |
No. |
£ |
|
|
|
15,000 |
|
15,000 |
|
|
10,000 |
|
10,000 |
|
25,000 |
|
25,000 |
Related party transactions |
The director, Mr R L C Best, is also a director and the controlling shareholder of Pareto Lawrence Limited. At the year end, £nil was owed by Pareto Lawrence Limited to this company (2018: £11,687). No interest is charged on this balance.
The director, Mr R L C Best, is also a director and the controlling shareholder of Wills, Tax and Trusts Limited. At the year end, £13,942 was owed by Wills Tax and Trusts Limited to the company (2018: £28,035). No interest is charged on this balance.
As at 31 August 2019, the director owes £25,000 (2018 - £25,000) to the company with respect to a share rights issue on 6 June 2018. This is share capital not paid up and is disclosed under other debtors. No interest is charged on this balance
Transactions with directors |
2019 |
At 1 September 2018 |
Advances to directors |
Repayments by director |
At 31 August 2019 |
Mr R L C Best |
||||
Overdrawn director's loan |
- |
|
( |
|
- |
147,782 |
(126,766) |
21,016 |
|
Page 6 |
Rabix Limited
trading as UnaVida Life Planning
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
2018 |
At 1 September 2017 |
Advances to directors |
Repayments by director |
Other payments made to company by director |
At 31 August 2018 |
Mr R L C Best |
|||||
Overdrawn director's loan |
|
- |
( |
(2,825) |
- |
Overdrawn director's loan (1) |
- |
|
( |
- |
- |
10,879 |
73,500 |
(81,554) |
(2,825) |
- |
|
Directors' remuneration
The director's remuneration for the year was as follows:
2019 |
2018 |
|
Remuneration |
|
|
Dividends paid to directors |
2019 |
2018 |
|||
Mr R L C Best |
||||
Ordinary A shares |
- |
- |
||
Financial instruments |
Categorisation of financial instruments
2019 |
2018 |
Financial assets measured at fair value
Portfolio investments
Mid Market values as advised at period ends
The fair value is £56,079
(2018 - £49)
and the change in value included in profit or loss is
£
(5,695)
(2018 - £Nil).
Page 7 |