Roxylight Project Services (N) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06537318 (England and Wales)

ROXYLIGHT PROJECT SERVICES (NOTTINGHAM)

LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D C L Miller

N H Brunskill

SECRETARY:

C G Morgan

REGISTERED OFFICE:

50 Aylesbury Road

Aston Clinton

Aylesbury

Buckinghamshire

REGISTERED NUMBER:

06537318 (England and Wales)

FIXED ASSETS

Tangible assets

4

7,438

4,102

Investments

5

1

1

7,439

4,103

CURRENT ASSETS

Debtors

6

140,179

787,811

Cash at bank

6,608

9,591

146,787

797,402

CREDITORS

Amounts falling due within one year

7

(113,002

)

(490,324

)

NET CURRENT ASSETS

33,785

307,078

TOTAL ASSETS LESS CURRENT LIABILITIES

41,224

311,181

CREDITORS

Amounts falling due after more than one year

8

-

(185,000

)

NET ASSETS

41,224

126,181

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

40,224

125,181

SHAREHOLDERS' FUNDS

41,224

126,181

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 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 28 August 2019 and were signed on its behalf by:

D C L Miller - Director

1.	STATUTORY INFORMATION

Roxylight Project Services (Nottingham) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

FRS 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by FRS 102 including Section 1A:

-

the requirements of Section 7 Statement of Cash Flows; and

- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

Significant judgements and estimates

The preparation of financial statements requires management to make judgements, estimates and

assumptions about the carrying values of assets and liabilities that are not readily apparent from other

sources. The estimates and underlying assumptions are based on historical experience and other

factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the revision affects both

current and future periods.

In the opinion of the Directors, there are no specific key judgements or areas of estimation to disclose.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover

represents amounts due to the company for the provision of property management services and is

recognised in line with the management agreements with its customers.

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

-

4 years straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Debtors

Trade and other debtors are measured at their transaction price less any impairment unless the

arrangement constitutes a financing transaction in which case the transaction is measured at the

present value of the future receipts discounted at the prevailing market rate of interest. Loans are

initially measured at fair value and are subsequently measured at amortised cost using the effective

interest method less any impairment.

Cash at bank and in hand

Cash at bank in the Balance Sheet comprise cash at bank and in hand and short term deposits with an

original maturity date of three months or less.

Creditors

Trade and other creditors are measured at their transaction price unless the arrangement constitutes a

financing transaction in which case the transaction is measured at the present value of the future

payments discounted at the prevailing market rate of interest. Other financial liabilities are initially

measured at fair value net of their transaction costs. They are subsequently measured at amortised

cost using the effective interest method.

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.

Group accounts

The company is exempt from preparing consolidated financial statements on the grounds that taken

together with its subsidiaries, it qualifies as a small group under section 398 of the Companies Act

2006. These financial statements therefore present information about the company as an individual

undertaking and not about its group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2017

17,404

Additions

5,662

At 30 November 2018

23,066

DEPRECIATION

At 1 December 2017

13,302

Charge for year

2,326

At 30 November 2018

15,628

NET BOOK VALUE

At 30 November 2018

7,438

At 30 November 2017

4,102

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2017

and 30 November 2018

1

NET BOOK VALUE

At 30 November 2018

1

At 30 November 2017

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

137

137

Amounts owed by related companies

117,621

491,589

Other debtors

22,421

296,085

140,179

787,811

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,557

19,649

Amounts owed to group companies

18,670

70,736

Amounts owed to related companies

-

230,088

Taxation and social security

4,488

4,488

Other creditors

87,287

165,363

113,002

490,324

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

-

185,000