Roger Rich & Co. Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10883370 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

25 JULY 2017 TO 30 SEPTEMBER 2018

FOR

ROGER RICH & CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R D Rich

Mrs V J Rich

Ms R Sanders

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

2a Marston House

Cromwell Park

Chipping Norton

Oxfordshire

OX7 5SR

REGISTERED NUMBER:

10883370 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Intangible assets

4

16,000

Tangible assets

5

698

16,698

CURRENT ASSETS

Stocks

61,460

Debtors

6

45,360

Cash at bank and in hand

1,237

108,057

CREDITORS

Amounts falling due within one year

7

87,117

NET CURRENT ASSETS

20,940

TOTAL ASSETS LESS CURRENT LIABILITIES

37,638

PROVISIONS FOR LIABILITIES

9

133

NET ASSETS

37,505

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

37,405

SHAREHOLDERS' FUNDS

37,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4 April 2019 and were signed on its behalf by:

Mr R D Rich - Director

Mrs V J Rich - Director

Ms R Sanders - Director

1.	STATUTORY INFORMATION

Roger Rich & Co. Limited is a private company, limited by shares , registered in England and Wales. The

company's 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes, as adjusted for changes in the value of work in progress.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Stocks

Work in progress is valued on the basis of the extent to which the revenue has been earned, taking into account

the stage of completion of the work carried out, and the final expected value of the total fees.

Taxation

Taxation for the period 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 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 period 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.

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.

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 period was 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

20,000

At 30 September 2018

20,000

AMORTISATION

Charge for period

4,000

At 30 September 2018

4,000

NET BOOK VALUE

At 30 September 2018

16,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

930

At 30 September 2018

930

DEPRECIATION

Charge for period

232

At 30 September 2018

232

NET BOOK VALUE

At 30 September 2018

698

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

41,154

Social security and other

taxes

1,129

Prepayments

3,077

45,360

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

11,188

Trade creditors

1,640

Tax

10,401

VAT

1,717

Directors' current accounts

58,754

Accrued expenses

3,417

87,117

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank overdraft

11,188

The bank overdraft is secured by way of a fixed and floating charge dated 4 October 2017, over all of the

property or undertaking of the company, in favour of National Westminster Bank PLC.

9.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

133

Deferred

tax

£

Provided during period

133

Balance at 30 September 2018

133

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.