REXDELL LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05707231 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

REXDELL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Hall

Mrs C Rickards

Miss A Sampson

B H D Sampson

SECRETARY:

K A Coppard

REGISTERED OFFICE:

Metro House

Northgate

Chichester

West Sussex

PO19 1BE

REGISTERED NUMBER:

05707231 (England and Wales)

ACCOUNTANTS:

James Todd & Co Limited

1 & 2 The Barn

Oldwick

West Stoke Road

Chichester

West Sussex

PO18 9AA

FIXED ASSETS

Investments

3

100

100

CURRENT ASSETS

Stocks

322,699

320,277

Debtors

950

747

Cash at bank

15,974

43,238

339,623

364,262

CREDITORS

Amounts falling due within one year

380,191

385,893

NET CURRENT LIABILITIES

(40,568

)

(21,631

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(40,468

)

(21,531

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Retained earnings

(40,469

)

(21,532

)

SHAREHOLDERS' FUNDS

(40,468

)

(21,531

)

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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2019 and were signed on its behalf by:

Mrs C Rickards - Director

1.	STATUTORY INFORMATION

REXDELL 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

The company relies on the continued support of the subsidiary company who is the major creditor.

The financial statements have been prepared on a going concern basis on the understanding that the

subsidiary company will not withdraw their loan to the detriment of other creditors.

Stocks and work in progress

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and a

proportion of fixed and variable overheads where appropriate.

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.

3.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2018

and 31 December 2018

100

NET BOOK VALUE

At 31 December 2018

100

At 31 December 2017

100

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

1

Ordinary

£1

1

1

5.	RELATED PARTY DISCLOSURES

Skeller Limited is a subsidiary of the company (see note 4). During the year the Skeller Limited

loaned the company £Nil (2017: £Nil). The balance outstanding to Skeller Limited from the company

at the year was £142,019 (2018: £207,019) and is disclosed in Creditors, note 7 of the financial

statements.

Beckdor Limited is the ultimate parent company. During the year management fees of £21,200

(2017: £18,750) were charged by Beckdor Limited. At the year end a balance of £9,950 (2017: £3,750)

was outstanding to Beckdor Limited which is included within other creditors.