Runmore Ltd - Period Ending 2019-03-31

Runmore Ltd

Annual Report and Unaudited Financial Statements
Period from 14 March 2018 to 31 March 2019

Registration number: 11255310

Runmore Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

Runmore Ltd

Company Information

Directors

Mrs S Keeling Mr T Keeling

Registered office

55 Staplegrove Road Taunton Somerset TA1 1DG

Accountants

Francis Clark LLP Ground Floor Blackbrook Gate 1 Blackbrook Business Park Taunton Somerset TA1 2PX

Page 1

Runmore Ltd

Balance Sheet

31 March 2019

	Note	2019 £
Current assets
Stocks		23,570
Debtors	3	10,748
Cash at bank and in hand		2,511
		36,829
Creditors: Amounts falling due within one year	4	(44,644)
Net liabilities		(7,815)
Capital and reserves
Called up share capital		100
Profit and loss account		(7,915)
Total equity		(7,815)

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 2

Runmore Ltd

Balance Sheet

31 March 2019

For the financial period ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 October 2019 and signed on its behalf by:
 

......................................... Mr T Keeling Director

Company Registration Number: 11255310

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Runmore Ltd

Notes to the Financial Statements

Period from 14 March 2018 to 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
55 Staplegrove Road
Taunton
Somerset
TA1 1DG

These financial statements were authorised for issue by the Board on 14 October 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Page 4

Runmore Ltd

Notes to the Financial Statements

Period from 14 March 2018 to 31 March 2019

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Debtors

	2019 £
Other debtors	10,748
	10,748

4

Creditors

Creditors: amounts falling due within one year

	Note	2019 £
Due within one year
Loans and borrowings	5	41,842
Trade creditors		2,052
Accrued expenses		750
		44,644

Page 5

Runmore Ltd

Notes to the Financial Statements

Period from 14 March 2018 to 31 March 2019

5	Loans and borrowings

	2019 £
Current loans and borrowings
Other borrowings	41,842

Page 6