Remlive Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05216368 (England and Wales)

REMLIVE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors' Responsibilities Statement

6

Independent Chartered Accountant's Review Report

7

DIRECTORS:

Mrs L Rollason

J B Rollason

SECRETARY:

Mrs L Rollason

REGISTERED OFFICE:

Fairbank

Pollard Avenue

Eldwick

Bingley

West Yorkshire

BD16 3DD

REGISTERED NUMBER:

05216368 (England and Wales)

ACCOUNTANT:

The Bailey Group

Nat West Bank Chambers

The Grove

Ilkley

West Yorkshire

LS29 9LS

BANKERS:

HSBC Bank Plc

7 Prospect Crescent

Harrogate

North Yorkshire

HG1 1RN

FIXED ASSETS

Property, plant and equipment

4

1,944

4,517

CURRENT ASSETS

Inventories

26,939

56,019

Debtors

5

95,072

86,076

Cash at bank

289,258

306,113

411,269

448,208

CREDITORS

Amounts falling due within one year

6

88,006

92,465

NET CURRENT ASSETS

323,263

355,743

TOTAL ASSETS LESS CURRENT LIABILITIES

325,207

360,260

PROVISIONS FOR LIABILITIES

369

858

NET ASSETS

324,838

359,402

CAPITAL AND RESERVES

Called up share capital

7

7,500

7,500

Share premium

8

29,250

29,250

Retained earnings

8

288,088

322,652

SHAREHOLDERS' FUNDS

324,838

359,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 March 2019 and were signed on its behalf by:

Mrs L Rollason - Director

1.	STATUTORY INFORMATION

Remlive 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.

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

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

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and equipment

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 January 2018

and 31 December 2018

28,454

1,045

29,499

DEPRECIATION

At 1 January 2018

24,804

178

24,982

Charge for year

2,225

348

2,573

At 31 December 2018

27,029

526

27,555

NET BOOK VALUE

At 31 December 2018

1,425

519

1,944

At 31 December 2017

3,650

867

4,517

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

85,201

66,624

Other debtors

4,438

19,452

Prepayments

5,433

-

95,072

86,076

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

11,194

4,215

Tax

68,201

80,045

Social security and other taxes

842

408

Loan

5,961

5,961

Director's current account

183

2

Accrued expenses

1,625

1,834

88,006

92,465

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

7,500

Ordinary

£1

7,500

7,500

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2018

322,652

29,250

351,902

Profit for the year

287,936

287,936

Dividends

(322,500

)

(322,500

)

At 31 December 2018

288,088

29,250

317,338

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends of £167,700 to L Rollason and £29,025 to J B Rollason (2017

£64,350 and £11,138). At 31st December 2018 the company owed £183 to L Rollason (2017 £2).

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2018 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

Mrs L Rollason - Director

21 March 2019

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

I have reviewed the financial statements of Remlive Limited for the year ended 31 December 2018, which comprise the Income Statement, Balance Sheet and the related notes 1 to 10. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's directors, as a body, in accordance with my terms of engagement. My review has been undertaken so that I might state to the directors those matters that I have agreed with them in my engagement letter and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's directors as a body for my work, for this report or the conclusions I have formed.

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page nine, the directors are responsible

for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountant's responsibility

My responsibility is to express a conclusion based on my review of the financial statements. I conducted my review in

accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review

historical financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on

historical financial statements'. ISRE 2400 also requires me to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. I have

performed additional procedures to those required under a compilation engagement. These primarily consist of

making enquiries of management and others within the entity, as appropriate, applying analytical procedures and

evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in

an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, I do not

express an audit opinion on these financial statements.

Conclusion

Based on my review, nothing has come to my attention that causes me to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 31 December 2018 and of its profit for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

The Bailey Group

Nat West Bank Chambers

The Grove

Ilkley

West Yorkshire

LS29 9LS

21 March 2019