Ramp & Co Limited - Accounts to registrar (filleted) - small 18.2
Ramp & Co Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| FOR |
| RAMP & CO LIMITED |
| RAMP & CO LIMITED (REGISTERED NUMBER: 03600476) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 OCTOBER 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| RAMP & CO LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 OCTOBER 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Savoy House |
| Savoy Circus |
| London |
| W3 7DA |
| RAMP & CO LIMITED (REGISTERED NUMBER: 03600476) |
| BALANCE SHEET |
| 31 OCTOBER 2018 |
| 31.10.18 | 31.10.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| RAMP & CO LIMITED (REGISTERED NUMBER: 03600476) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| RAMP & CO LIMITED (REGISTERED NUMBER: 03600476) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 OCTOBER 2018 |
| 1. | STATUTORY INFORMATION |
| Ramp & Co Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net sales excluding value added tax. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business, is written off over its estimated |
| useful life. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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. |
| Current or deferred taxation assets and liabilities are not discounted. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 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. |
| 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. |
| RAMP & CO LIMITED (REGISTERED NUMBER: 03600476) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 OCTOBER 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 November 2017 |
| and 31 October 2018 |
| AMORTISATION |
| At 1 November 2017 |
| and 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 November 2017 |
| and 31 October 2018 |
| DEPRECIATION |
| At 1 November 2017 |
| Charge for year |
| At 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| Included in cost of land and buildings is freehold land of £ 450,000 (2017 - £ 450,000 ) which is not depreciated. |
| RAMP & CO LIMITED (REGISTERED NUMBER: 03600476) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 OCTOBER 2018 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| The freehold property is maintained to a high standard and no depreciation is charged as, in the opinion of the |
| directors, any such sum is immaterial. |
| The cost of the freehold property for capital gains tax purposes is £492,475. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CURRENT ASSET INVESTMENTS |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Unlisted investments | 7,669 | - |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Bank overdrafts |
| The loan is secured by a legal charge over the freehold property. |
| 10. | PROVISIONS FOR LIABILITIES |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | 1,636 | 1,637 |
| Freehold property | 89,576 | 96,271 |
| 91,212 | 97,908 |
| RAMP & CO LIMITED (REGISTERED NUMBER: 03600476) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 OCTOBER 2018 |
| 10. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2017 |
| Movement in the year | (6,696 | ) |
| Balance at 31 October 2018 |
| In accordance with the requirements of FRS 102, deferred tax of £89,576 has been recognised and is based on |
| the difference between the book cost of freehold land and buildings and cost for capital gains tax purposes. |
| 11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| Interest on the loan to the director, P R Wollaston was charged at the official rate. The highest balance |
| outstanding during the year was £36,937. At the year-end, the director was owed £11,899. |