Roe Commercial Management Services Ltd - Period Ending 2019-06-30
Roe Commercial Management Services Ltd - Period Ending 2019-06-30
COMPANY REGISTRATION NUMBER:
Roe Commercial Management Services Ltd
Period from 5 June 2018 to 30 June 2019
Chartered Accountants
1st Floor, 3 & 4 Cranmere Court
Lustleigh Close
Matford Business Park
Exeter
Devon
EX2 8PW
Roe Commercial Management Services Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Roe Commercial Management Services Ltd
Company Information
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Directors |
Mrs C Roe Mr C Roe |
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Registered office |
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Accountants |
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Roe Commercial Management Services Ltd
(Registration number: 11397758)
Balance Sheet as at 30 June 2019
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Note |
30 June 2019 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Roe Commercial Management Services Ltd
(Registration number: 11397758)
Balance Sheet as at 30 June 2019
For the financial period ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss has been taken.
Approved and authorised for issue by the
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Director
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Roe Commercial Management Services Ltd
Notes to the Financial Statements for the Period from 5 June 2018 to 30 June 2019
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
The financial statements are presented in Sterling and rounded to the nearest full £.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.
The company recognises revenue when income is received from customers.
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Roe Commercial Management Services Ltd
Notes to the Financial Statements for the Period from 5 June 2018 to 30 June 2019
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office Equipment |
25% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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Roe Commercial Management Services Ltd
Notes to the Financial Statements for the Period from 5 June 2018 to 30 June 2019
Share capital
Ordinary shares are classified as equity.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Roe Commercial Management Services Ltd
Notes to the Financial Statements for the Period from 5 June 2018 to 30 June 2019
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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Additions |
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At 30 June 2019 |
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Depreciation |
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Charge for the period |
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At 30 June 2019 |
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Carrying amount |
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At 30 June 2019 |
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Roe Commercial Management Services Ltd
Notes to the Financial Statements for the Period from 5 June 2018 to 30 June 2019
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Creditors |
Creditors: amounts falling due within one year
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Note |
2019 |
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Due within one year |
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Loans and borrowings |
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Accruals and deferred income |
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Other creditors |
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Roe Commercial Management Services Ltd
Notes to the Financial Statements for the Period from 5 June 2018 to 30 June 2019
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Loans and borrowings |
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2019 |
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Current loans and borrowings |
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Other borrowings |
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Share capital |
Allotted, called up and fully paid shares
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2019 |
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No. |
£ |
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100 |
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Related party transactions |
Key management personnel
The directors
Summary of transactions with key management
During the period the directors loaned money to the company. At the balance sheet date the amount due to the directors was £9,426.
No interest has been charged and there is no set repayment date.
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