RANGE STEEL STOCKHOLDERS LIMITED,Ltd - AccountsLtd - Accounts

RANGE STEEL STOCKHOLDERS LIMITED,Ltd - AccountsLtd - Accounts

RANGE STEEL STOCKHOLDERS LTD - Company Information

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2018-09-01 01302744 2019-08-31 01302744 2018-09-01 2019-08-31 01302744 2018-08-31 01302744 2017-09-01 2018-08-31 01302744 uk-core:WithinOneYear 2018-08-31 01302744 uk-core:WithinOneYear 2019-08-31 01302744 uk-core:ShareCapital 2019-08-31 01302744 uk-core:ShareCapital 2018-08-31 01302744 uk-core:RetainedEarningsAccumulatedLosses 2019-08-31 01302744 uk-core:RetainedEarningsAccumulatedLosses 2018-08-31 01302744 uk-bus:Director1 2018-09-01 2019-08-31 01302744 uk-core:LandBuildings 2018-09-01 2019-08-31 01302744 uk-core:PlantMachinery 2018-09-01 2019-08-31 01302744 uk-core:ToolsEquipment 2018-09-01 2019-08-31 01302744 uk-core:CommercialMotorVehicles 2018-09-01 2019-08-31 01302744 uk-core:FurnitureFittings 2018-09-01 2019-08-31 01302744 uk-core:ToolsEquipment 2018-08-31 01302744 uk-core:FurnitureFittings 2018-08-31 01302744 uk-core:CommercialMotorVehicles 2018-08-31 01302744 uk-core:PlantMachinery 2018-08-31 01302744 uk-core:LandBuildings 2018-08-31 01302744 uk-core:LandBuildings 2019-08-31 01302744 uk-core:CommercialMotorVehicles 2019-08-31 01302744 uk-core:FurnitureFittings 2019-08-31 01302744 uk-core:ToolsEquipment 2019-08-31 01302744 uk-core:PlantMachinery 2019-08-31 iso4217:GBP xbrli:pure 01302744 uk-bus:AuditExemptWithAccountantsReport 2018-09-01 2019-08-31 01302744 uk-bus:FRS102 2018-09-01 2019-08-31 01302744 uk-bus:FullAccounts 2018-09-01 2019-08-31 01302744 uk-bus:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31
RANGE STEEL STOCKHOLDERS LIMITED
Registered Number:01302744
For the year ended 31 August 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2019
RANGE STEEL STOCKHOLDERS LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 August 2019
RANGE STEEL STOCKHOLDERS LIMITED
Statement of Financial Position
Registered Number :
01302744
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
12,130
13,309
2
12,130
13,309
Current assets
Inventories
103,155
101,983
3
Trade and other receivables
171,533
141,639
4
49,069
Cash and cash equivalents
70,061
313,683
323,757
Trade and other payables: amounts falling due within one
year
(98,900)
(83,193)
5
224,857
230,490
Net current assets
Total assets less current liabilities
242,620
238,166
(1,809)
(1,925)
Provisions for liabilities
240,811
Net assets
236,241
Capital and reserves
Called up share capital
100
100
Retained earnings
240,711
236,141
240,811
236,241
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Norman Barnes Director
These financial statements were approved and authorised for issue by the Board on 11 October 2019 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2019
RANGE STEEL STOCKHOLDERS LIMITED
Notes to the Financial Statements
Statutory Information
RANGE STEEL STOCKHOLDERS LIMITED is a private limited company, limited by shares, domiciled in England and
Wales, registration number 01302744.
Registered address:
Unit 8 Duddeston Mill Trading Estate
Duddeston Mill Road
Saltley
Birmingham
B8 1AP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
Period of Lease Straight line
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2 of 4
5
For the year ended 31 August 2019
RANGE STEEL STOCKHOLDERS LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 September
2018
418,341
134,561
53,797
27,119
182,179
20,685
2,865
-
2,865
-
-
-
Additions
At 31 August
2019
20,685
27,119
56,662
134,561
421,206
182,179
Provision for depreciation and impairment
At 01 September
2018
405,032
131,408
53,304
21,487
178,148
20,685
Charge for year
4,044
788
840
1,408
1,008
-
At 31 August
2019
409,076
132,196
54,144
22,895
179,156
20,685
At 31 August
2019
Net book value
-
3,023
4,224
2,518
2,365
12,130
-
4,031
5,632
493
3,153
13,309
At 31 August
2018
3. Inventories
2018
2019
£
£
Stocks
101,983
103,155
4. Trade and other receivables
2018
2019
£
£
Trade debtors
128,104
155,974
Prepayments and accrued income
13,535
15,559
171,533
141,639
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6
For the year ended 31 August 2019
RANGE STEEL STOCKHOLDERS LIMITED
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
67,337
82,842
Taxation and social security
11,994
14,237
Accruals and deferred income
3,233
1,821
Other creditors
629
-
83,193
98,900
6. Related party transactions
The ultimate controlling party during the year was NRP Barnes , director , whom controls the company by virtue of
owning 25% of the share capital.
7. Average number of persons employed
During the year the average number of employees was 8 (2018 : 8)
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