Company Registration No. 05131892 (England and Wales)
RPC Suppliers Ltd
Unaudited accounts
for the year ended 31 December 2018
RPC Suppliers Ltd
Unaudited accounts
Contents
RPC Suppliers Ltd
Company Information
for the year ended 31 December 2018
Company Number
05131892 (England and Wales)
Registered Office
Unit 3 & 4 Dalcliff Business Park
Appledore Road
Ashford
Kent
TN26 3TJ
ENGLAND
Accountants
Helrik and Louw and Palason
72
Great Suffolk Street
London
SE1 0BL
RPC Suppliers Ltd
Statement of financial position
as at 31 December 2018
Tangible assets
126,763
157,296
Inventories
182,533
155,000
Cash at bank and in hand
286,239
463,682
Creditors: amounts falling due within one year
(182,516)
(278,020)
Net current assets
308,144
363,051
Total assets less current liabilities
434,907
520,347
Creditors: amounts falling due after more than one year
(339,622)
(411,270)
Provisions for liabilities
Deferred tax
(24,085)
(28,225)
Called up share capital
1,000
1,000
Profit and loss account
70,200
79,852
Shareholders' funds
71,200
80,852
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 August 2019.
C Smith
Director
Company Registration No. 05131892
RPC Suppliers Ltd
Notes to the Accounts
for the year ended 31 December 2018
RPC Suppliers Ltd is a private company, limited by shares, registered in England and Wales, registration number 05131892. The registered office is Unit 3 & 4 Dalcliff Business Park, Appledore Road, Ashford, Kent, TN26 3TJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% on reducing value
Motor vehicles
18% on reducing value
Fixtures & fittings
18% on reducing value
Computer equipment
18% on reducing value
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
RPC Suppliers Ltd
Notes to the Accounts
for the year ended 31 December 2018
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2018
94,988
113,413
35,059
8,248
251,708
Additions
3,447
-
-
-
3,447
Disposals
(7,785)
-
-
-
(7,785)
At 31 December 2018
90,650
113,413
35,059
8,248
247,370
At 1 January 2018
54,409
21,497
11,485
7,021
94,412
Charge for the year
7,925
16,545
4,243
221
28,934
On disposals
(2,739)
-
-
-
(2,739)
At 31 December 2018
59,595
38,042
15,728
7,242
120,607
At 31 December 2018
31,055
75,371
19,331
1,006
126,763
At 31 December 2017
40,579
91,916
23,574
1,227
157,296
Finished goods
182,533
155,000
RPC Suppliers Ltd
Notes to the Accounts
for the year ended 31 December 2018
Accrued income and prepayments
18,016
22,230
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Creditors: amounts falling due within one year
2018
2017
Trade creditors
141,800
137,508
Taxes and social security
34,033
18,669
Other creditors
160
104,525
Loans from directors
4,023
17,318
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Creditors: amounts falling due after more than one year
2018
2017
Bank loans
285,606
341,445
Obligations under finance leases and hire purchase contracts
54,016
69,825
9
Average number of employees
During the year the average number of employees was 3 (2017: 4).
