Nick Rafferty Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08874536 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2019

for

Nick Rafferty Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N F Rafferty

REGISTERED OFFICE:

No1 Parkside Court

Greenhough Road

Lichfield

Staffordshire

WS13 7FE

REGISTERED NUMBER:

08874536 (England and Wales)

ACCOUNTANTS:

The Boss Partnership

Chartered Certified Accountants

No1 Parkside Court

Greenhough Road

Lichfield

Staffordshire

WS13 7FE

FIXED ASSETS

Tangible assets

4

153

53

CURRENT ASSETS

Debtors

5

25

2,145

Cash at bank

28,208

45,357

28,233

47,502

CREDITORS

Amounts falling due within one year

6

18,483

30,559

NET CURRENT ASSETS

9,750

16,943

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,903

16,996

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

9,803

16,896

SHAREHOLDERS' FUNDS

9,903

16,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 November 2019 and were signed by:

N F Rafferty - Director

1.	STATUTORY INFORMATION

Nick Rafferty Ltd 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2018

1,310

Additions

229

At 28 February 2019

1,539

DEPRECIATION

At 1 March 2018

1,257

Charge for year

129

At 28 February 2019

1,386

NET BOOK VALUE

At 28 February 2019

153

At 28 February 2018

53

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

-

2,120

Other debtors

25

2,145

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Taxation and social security

4,328

3,652

Other creditors

14,155

26,907

18,483

30,559

7.	ULTIMATE CONTROLLING PARTY

The controlling party is N F Rafferty.

Nick Rafferty Ltd - Accounts to registrar (filleted) - small 18.2

Nick Rafferty Ltd - Accounts to registrar (filleted) - small 18.2