Ralph Riley Limited - Period Ending 2019-01-31
Ralph Riley Limited - Period Ending 2019-01-31
Registration number:
Ralph Riley Limited
for the Year Ended 31 January 2019
First Floor
111 Queens Road
Weybridge
Surrey
KT13 9UN
Ralph Riley Limited
Contents
Company Information |
|
Director's Report |
|
Abridged Profit and Loss Account |
|
Statement of Comprehensive Income |
|
Abridged Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Abridged Financial Statements |
Ralph Riley Limited
Company Information
Director |
Philip Crowson |
Registered office |
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Accountants |
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Page 1 |
Ralph Riley Limited
Director's Report for the Year Ended 31 January 2019
The director presents his report and the abridged financial statements for the year ended 31 January 2019.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is entertainment, online content production
Small companies provision statement
This report has 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.
Approved by the
.........................................
Director
Page 2 |
Ralph Riley Limited
Abridged Profit and Loss Account for the Year Ended 31 January 2019
Note |
2019 |
2018 |
|
Gross (loss)/profit |
( |
|
|
Administrative expenses |
( |
( |
|
Interest payable and similar expenses |
|
( |
|
(Loss)/profit before tax |
( |
|
|
Taxation |
( |
( |
|
(Loss)/profit for the financial year |
( |
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Page 3 |
Ralph Riley Limited
Statement of Comprehensive Income for the Year Ended 31 January 2019
2019 |
2018 |
|
(Loss)/profit for the year |
( |
|
Total comprehensive income for the year |
( |
|
Page 4 |
Ralph Riley Limited
(Registration number: 3910390)
Abridged Balance Sheet as at 31 January 2019
Note |
2019 |
2018 |
|
Fixed assets |
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Tangible assets |
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|
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Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current (liabilities)/assets |
( |
|
|
Total assets less current liabilities |
( |
|
|
Accruals and deferred income |
- |
( |
|
Net (liabilities)/assets |
( |
|
|
Capital and reserves |
|||
Called up share capital |
|
|
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Profit and loss account |
( |
|
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Total equity |
( |
|
For the financial year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his 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.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Page 5 |
Ralph Riley Limited
(Registration number: 3910390)
Abridged Balance Sheet as at 31 January 2019 (continued)
Approved and authorised by the
.........................................
Philip Crowson
Director
Page 6 |
Ralph Riley Limited
Statement of Changes in Equity for the Year Ended 31 January 2019
Share capital |
Profit and loss account |
Total |
|
At 1 February 2018 |
|
|
|
Loss for the year |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
At 31 January 2019 |
|
( |
( |
Share capital |
Profit and loss account |
Total |
|
At 1 February 2017 |
|
|
|
Profit for the year |
- |
|
|
Total comprehensive income |
- |
|
|
Dividends |
- |
( |
( |
At 31 January 2018 |
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|
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Page 7 |
Ralph Riley Limited
Notes to the Abridged Financial Statements for the Year Ended 31 January 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 abridged 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 abridged 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.
Going concern
The financial statements have been prepared on a going concern basis. The Company made a loss during the year ended 31 January 2019 but the director is continuing in business with an expanded range of services and will continue to support the business for at least 12 months from the date of signature of the balance sheet.
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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current 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.
Page 8 |
Ralph Riley Limited
Notes to the Abridged Financial Statements for the Year Ended 31 January 2019 (continued)
2 |
Accounting policies (continued) |
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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:
Asset class |
Depreciation method and rate |
Computer equipment |
Straight line over three years |
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 9 |
Ralph Riley Limited
Notes to the Abridged Financial Statements for the Year Ended 31 January 2019 (continued)
2 |
Accounting policies (continued) |
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.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 10 |
Ralph Riley Limited
Notes to the Abridged Financial Statements for the Year Ended 31 January 2019 (continued)
Tangible assets |
Other tangible assets |
Total |
|
Cost or valuation |
||
At 1 February 2018 |
|
|
At 31 January 2019 |
|
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Depreciation |
||
At 1 February 2018 |
|
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Charge for the year |
|
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At 31 January 2019 |
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Carrying amount |
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At 31 January 2019 |
|
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At 31 January 2018 |
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Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Dividends |
2019 |
2018 |
|||
£ |
£ |
|||
Interim dividend of £Nil (2018 - £ |
- |
10,000 |
||
Page 11 |
Ralph Riley Limited
Notes to the Abridged Financial Statements for the Year Ended 31 January 2019 (continued)
Related party transactions |
Transactions with directors |
2019 |
At 1 February 2018 |
Advances to directors |
Repayments by director |
At 31 January 2019 |
Philip Crowson |
||||
Loan from director |
(20,672) |
( |
|
|
2018 |
At 1 February 2017 |
Advances to directors |
At 31 January 2018 |
Philip Crowson |
|||
Loan from director |
3,299 |
|
|
Directors' remuneration
The director's remuneration for the year was as follows:
2019 |
2018 |
|
Remuneration |
|
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Page 12 |