Recipro (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07337400 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Recipro (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Close

Miss R C Owens

L Owens

SECRETARY:

REGISTERED OFFICE:

2 Britannia House

Dock Road

Wallasey

CH41 1DF

REGISTERED NUMBER:

07337400 (England and Wales)

ACCOUNTANTS:

Elevate Accounting Solutions Limited

14 John Bradshaw Court

Alexandria Court

Congleton

Cheshire

CW12 1LB

FIXED ASSETS

Tangible assets

4

5,299

9,941

CURRENT ASSETS

Debtors

5

11,611

7,861

Cash at bank

45,381

10,075

56,992

17,936

CREDITORS

Amounts falling due within one year

6

33,842

956,522

NET CURRENT ASSETS/(LIABILITIES)

23,150

(938,586

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,449

(928,645

)

PROVISIONS FOR LIABILITIES

1,006

3,169

NET ASSETS/(LIABILITIES)

27,443

(931,814

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

27,442

(931,815

)

27,443

(931,814

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 May 2019 and were signed on its behalf by:

L Owens - Director

1.	STATUTORY INFORMATION

Recipro (UK) 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.

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.

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

-

33% on cost and 15% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

60,212

Additions

194

At 31 December 2018

60,406

DEPRECIATION

At 1 January 2018

50,271

Charge for year

4,836

At 31 December 2018

55,107

NET BOOK VALUE

At 31 December 2018

5,299

At 31 December 2017

9,941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

9,929

7,522

Other debtors

1,682

339

11,611

7,861

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

2,119

-

Trade creditors

3,759

2,804

Taxation and social security

19,163

11,260

Other creditors

8,801

942,458

33,842

956,522

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Owens.

On 31 August 2018, the entire share capital of company's parent company, Recipro Limited, was

acquired by the director, L Owens. From that date, L Owens has been the ultimate controlling

party of the company. Prior to that date, The Trustland Group Limited was the ultimate controlling

party.