Rogers & Co Lettings Limited - Period Ending 2018-10-31
Rogers & Co Lettings Limited - Period Ending 2018-10-31
Registration number:
Rogers & Co Lettings Limited
for the Year Ended 31 October 2018
Rogers & Co Lettings Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Rogers & Co Lettings Limited
(Registration number: 07043939)
Balance Sheet as at 31 October 2018
Note |
2018 |
2017 |
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Fixed assets |
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Tangible assets |
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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 current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than 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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Profit and loss account |
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Total equity |
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For the financial year ending 31 October 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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 1 |
Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2018
General information |
The company is a private company limited by share capital, incorporated in England and Wales..
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
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 except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities, net of value added tax and discounts, and rent due from tenants.
Tax
The tax expense for the period comprises current tax, and is recognised as a charge against the company's profit.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation; cost includes directly attributable incremental costs incurred in their acquisition.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties, over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
25% on cost |
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business, and are recognised initially at the transaction price.
Page 2 |
Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2018
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are recognised initially at the transaction price.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs; 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.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 November 2017 |
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At 31 October 2018 |
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Amortisation |
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At 1 November 2017 |
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At 31 October 2018 |
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Net book value |
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At 31 October 2018 |
- |
- |
Page 3 |
Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2018
Tangible assets |
Land and buildings |
Computer equipment |
Total |
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Cost or valuation |
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At 1 November 2017 |
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Additions |
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- |
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At 31 October 2018 |
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Depreciation |
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At 1 November 2017 |
- |
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Charge for the year |
- |
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At 31 October 2018 |
- |
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Net book value |
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At 31 October 2018 |
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- |
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At 31 October 2017 |
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Debtors |
2018 |
2017 |
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Trade debtors |
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Other debtors |
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Page 4 |
Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2018
Creditors |
Amounts falling due within one year
Note |
2018 |
2017 |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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- |
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Other creditors |
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Corporation tax |
23,125 |
19,423 |
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Amounts falling due after more than one year
Note |
2018 |
2017 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
2018 |
2017 |
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Non-current loans and borrowings |
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Bank borrowings |
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2018 |
2017 |
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Current loans and borrowings |
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Bank borrowings |
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Page 5 |