Rannoch Adventure Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07887751 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

Rannoch Adventure Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C R B Pitcher

REGISTERED OFFICE:

2 High Street

Burnham on Crouch

Essex

CM0 8AA

REGISTERED NUMBER:

07887751 (England and Wales)

ACCOUNTANTS:

Harvey Smith & Co DVQ Limited

Chartered Certified Accountants

2 High Street

Burnham on Crouch

Essex

CM0 8AA

FIXED ASSETS

Tangible assets

4

108,882

102,181

CURRENT ASSETS

Stocks

20,000

Debtors

5

285,203

158,969

Cash at bank and in hand

81,620

55,808

386,823

234,777

CREDITORS

Amounts falling due within one year

6

270,636

199,123

NET CURRENT ASSETS

116,187

35,654

TOTAL ASSETS LESS CURRENT
LIABILITIES

225,069

137,835

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

224,969

137,735

SHAREHOLDERS' FUNDS

225,069

137,835

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

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

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.

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 director on 26 June 2019 and were signed by:

C R B Pitcher - Director

1.	STATUTORY INFORMATION

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

The financial statements have been prepared on a going concern basis. This assumes that the company will

continue in existence for the foreseeable future.

The validity of this assumption depends on the continued financial support of the directors and creditors.

If the company were unable to continue in operational existence, adjustments would have to be made to reduce

the balance sheet values of assets to their recoverable amounts, and to provide for any further liabilities that

might arise and to reclassify fixed assets as current assets. Long term liabilities would also have to be

reclassified as current liabilities.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

These financial statements for the year ended 31 December 2016 are the first financial statements that comply

with FRS 102 Section 1A small entities. The date of transition is 1 January 2015.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting

policies to those used previously. The nature and impact of these changes, if applicable, are set out below.

Turnover

Turnover 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 machinery etc

-

15% on cost

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.

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 6 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2017

146,221

Additions

34,355

At 30 November 2018

180,576

DEPRECIATION

At 1 December 2017

44,040

Charge for year

27,654

At 30 November 2018

71,694

NET BOOK VALUE

At 30 November 2018

108,882

At 30 November 2017

102,181

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

Trade debtors

151,744

60,107

Other debtors

133,459

98,862

285,203

158,969

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

Trade creditors

210,660

138,203

Taxation and social security

26,236

10,194

Other creditors

33,740

50,726

270,636

199,123

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2018 and the

period ended 30 November 2017:

30.11.18

30.11.17

£

C R B Pitcher

Balance outstanding at start of year

52,756

35,813

Amounts advanced

72,642

66,943

Amounts repaid

(52,756

)

(50,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

72,642

52,756

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2017 - £55,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C R B Pitcher.

Rannoch Adventure Limited - Accounts to registrar (filleted) - small 18.2

Rannoch Adventure Limited - Accounts to registrar (filleted) - small 18.2