Radnor Range Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05639696 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Radnor Range Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

C N Bromage

G Kirkpatrick

D C Shepley-Cuthbert

Registered office:

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

Business address:

11 Broadaxe Business Park

Presteigne

Powys

LD8 2UH

Registered number:

05639696 (England and Wales)

FIXED ASSETS

Tangible assets

4

268,394

240,062

CURRENT ASSETS

Stocks

97,013

7,650

Debtors

398,968

457,972

Cash at bank

54,758

92,997

550,739

558,619

CREDITORS

Amounts falling due within one year

192,884

238,089

NET CURRENT ASSETS

357,855

320,530

TOTAL ASSETS LESS CURRENT LIABILITIES

626,249

560,592

CREDITORS

Amounts falling due after more than one year

212,345

268,665

ACCRUALS AND DEFERRED INCOME

11,982

17,970

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Retained earnings

400,922

272,957

SHAREHOLDERS' FUNDS

401,922

273,957

626,249

560,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 15 October 2019 and were signed on its behalf by:

C N Bromage - Director

1.	STATUTORY INFORMATION

Radnor Range 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

-

25% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 12 (2018 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 April 2018

385,371

Additions

79,864

At 31 March 2019

465,235

Depreciation

At 1 April 2018

145,309

Charge for year

51,532

At 31 March 2019

196,841

Net book value

At 31 March 2019

268,394

At 31 March 2018

240,062

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary

£1

1,000

1,000