RFC Power Limited - Period Ending 2018-06-30
RFC Power Limited - Period Ending 2018-06-30
Registration number:
RFC Power Limited
for the Period from 27 June 2017 to 30 June 2018
Pages for filing with Registrar
RFC Power Limited
Contents
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Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
RFC Power Limited
Company Information
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Directors |
Prof N P Brandon Dr V Yufit Prof A R J Kucernak T A Von Werne |
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Registered office |
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Registered number |
10838031 |
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Accountants |
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RFC Power Limited
(Registration number: 10838031)
Balance Sheet as at 30 June 2018
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Note |
2018 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial period ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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.
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Page 2 |
RFC Power Limited
(Registration number: 10838031)
Balance Sheet as at 30 June 2018
Approved and authorised for issue by the
.........................................
Director
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Page 3 |
RFC Power Limited
Statement of Changes in Equity for the Period from 27 June 2017 to 30 June 2018
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Share capital |
Total |
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At 27 June 2017 |
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New share capital subscribed |
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At 30 June 2018 |
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Page 4 |
RFC Power Limited
Notes to the Financial Statements for the Period from 27 June 2017 to 30 June 2018
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Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies
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.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Disclosure of long or short period
Government grants
Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
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Page 5 |
RFC Power Limited
Notes to the Financial Statements for the Period from 27 June 2017 to 30 June 2018
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Taxation |
No liability to UK corporation tax arose on ordinary activities for the period from 27 June 2017 to 30 June 2018.
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Page 6 |
RFC Power Limited
Notes to the Financial Statements for the Period from 27 June 2017 to 30 June 2018
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Debtors: amounts falling due within one year |
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2018 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2018 |
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Accruals |
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Directors' loan accounts |
359 |
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Share capital |
Allotted, called up and fully paid shares
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2018 |
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No. |
£ |
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0.50 |
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9.50 |
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Loans and borrowings |
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2018 |
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Current loans and borrowings |
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Directors' loan accounts |
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Page 7 |