Company Registration No. 10585194 (England and Wales)
Rothwell Traders Ltd
Unaudited accounts
for the year ended 31 March 2019
Rothwell Traders Ltd
Unaudited accounts
Contents
Rothwell Traders Ltd
Company Information
for the year ended 31 March 2019
Directors
Paul George Rothwell
Avril Denise Rothwell
Company Number
10585194 (England and Wales)
Registered Office
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Accountants
Andrew B Sharkey Ltd
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Rothwell Traders Ltd
Statement of financial position
as at 31 March 2019
Intangible assets
17,000
20,000
Tangible assets
14,865
5,534
Cash at bank and in hand
3,457
2,467
Creditors: amounts falling due within one year
(89,385)
(62,937)
Net current liabilities
(7,232)
(18,219)
Called up share capital
100
100
Profit and loss account
24,533
7,215
Shareholders' funds
24,633
7,315
For the year ending 31 March 2019 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 directors acknowledge their 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 4 September 2019.
Paul George Rothwell
Director
Company Registration No. 10585194
Rothwell Traders Ltd
Notes to the Accounts
for the year ended 31 March 2019
Rothwell Traders Ltd is a private company, limited by shares, registered in England and Wales, registration number 10585194. The registered office is Jasmine Cottage, Rowland, Bakewell, Derbyshire, DE45 1NR. The principal place of business is 5 Royal Oak Place, Matlock Street, Bakewell, Derbyshire, DE45 1EE.
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.
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
20% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated at rates to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of the asset may not be fully recoverable.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Rothwell Traders Ltd
Notes to the Accounts
for the year ended 31 March 2019
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
6,400
517
6,917
Additions
5,411
7,636
13,047
At 31 March 2019
11,811
8,153
19,964
At 1 April 2018
1,280
103
1,383
Charge for the year
2,106
1,610
3,716
At 31 March 2019
3,386
1,713
5,099
At 31 March 2019
8,425
6,440
14,865
At 31 March 2018
5,120
414
5,534
Finished goods
78,696
42,251
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
7,769
3,066
Loans from directors
81,616
58,507
Rothwell Traders Ltd
Notes to the Accounts
for the year ended 31 March 2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company paid a dividend of £11,500 to Paul G Rothwell and £1,278 to Avril Denise Rothwell (directors and shareholders). (2018: £5,000).
10
Average number of employees
During the year the average number of employees was 2 (2018: 2).
