Welshpool Radio Communications Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03462165 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

WELSHPOOL RADIO COMMUNICATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Wainhouse

SECRETARY:

Mrs J Wainhouse

REGISTERED OFFICE:

Unit 2 Village Workshops

Talerddig Road

Llanerfyl

Nr Welshpool

Powys

SY21 0HN

REGISTERED NUMBER:

03462165 (England and Wales)

ACCOUNTANTS:

D.J. Beer & Co

335 Jockey Road

Sutton Coldfield

West Midlands

B73 5XE

FIXED ASSETS

Intangible assets

4

-

500

Tangible assets

5

8,422

3,961

8,422

4,461

CURRENT ASSETS

Stocks

300

300

Debtors

6

-

1,800

Cash at bank

2,861

1,082

3,161

3,182

CREDITORS

Amounts falling due within one year

7

3,674

7,641

NET CURRENT LIABILITIES

(513

)

(4,459

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,909

2

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

7,899

(8

)

SHAREHOLDERS' FUNDS

7,909

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 9 August 2019 and were signed by:

G Wainhouse - Director

1.	STATUTORY INFORMATION

Welshpool Radio Communications 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 2003, is being amortised evenly over its estimated useful life of fifteen years.

The company acquired an additional business in 2010 and is being amortised evenly over its estimated life of ten

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 etc

-

25% on reducing balance

Stocks

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

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

20,000

AMORTISATION

At 1 April 2018

19,500

Charge for year

500

At 31 March 2019

20,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

32,482

Additions

7,300

Disposals

(12,000

)

At 31 March 2019

27,782

DEPRECIATION

At 1 April 2018

28,521

Charge for year

2,839

Eliminated on disposal

(12,000

)

At 31 March 2019

19,360

NET BOOK VALUE

At 31 March 2019

8,422

At 31 March 2018

3,961

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

1,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

173

1,469

Taxation and social security

1,968

3,358

Other creditors

1,533

2,814

3,674

7,641