Radius Export Packing Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06442968 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

RADIUS EXPORT PACKING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Brown

L M Brown

SECRETARY:

M E Brown

REGISTERED OFFICE:

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

REGISTERED NUMBER:

06442968 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

90,513

77,237

90,513

77,237

CURRENT ASSETS

Stocks

35,030

31,608

Debtors

6

165,216

136,072

Cash at bank and in hand

541,388

494,407

741,634

662,087

CREDITORS

Amounts falling due within one year

7

153,115

136,009

NET CURRENT ASSETS

588,519

526,078

TOTAL ASSETS LESS CURRENT LIABILITIES

679,032

603,315

PROVISIONS FOR LIABILITIES

16,882

14,101

NET ASSETS

662,150

589,214

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

662,050

589,114

SHAREHOLDERS' FUNDS

662,150

589,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 29 May 2019 and were signed on its behalf by:

M E Brown - Director

1.	STATUTORY INFORMATION

Radius Export Packing Services Ltd 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.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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 11 (2018 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2018

and 28 February 2019

50,000

AMORTISATION

At 1 March 2018

and 28 February 2019

50,000

NET BOOK VALUE

At 28 February 2019

-

At 28 February 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2018

84,111

10,004

72,920

3,182

170,217

Additions

18,250

-

15,600

-

33,850

Disposals

-

-

(4,600

)

-

(4,600

)

At 28 February 2019

102,361

10,004

83,920

3,182

199,467

DEPRECIATION

At 1 March 2018

43,574

6,406

40,939

2,061

92,980

Charge for year

8,818

540

10,130

267

19,755

Eliminated on disposal

-

-

(3,781

)

-

(3,781

)

At 28 February 2019

52,392

6,946

47,288

2,328

108,954

NET BOOK VALUE

At 28 February 2019

49,969

3,058

36,632

854

90,513

At 28 February 2018

40,537

3,598

31,981

1,121

77,237

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

135,000

113,233

Prepayments and accrued income

30,216

22,839

165,216

136,072

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

49,912

42,906

Taxation

14,948

18,118

Social security and other taxes

7,288

4,811

VAT

23,585

16,752

Directors' current accounts

314

314

Accrued expenses

57,068

53,108

153,115

136,009

8.

RESERVES

Retained

earnings

£

At 1 March 2018

589,114

Profit for the year

72,936

At 28 February 2019

662,050