R. S. French Ltd - Accounts to registrar (filleted) - small 18.2
R. S. French Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2019 |
| FOR |
| R. S. FRENCH LTD |
| R. S. FRENCH LTD (REGISTERED NUMBER: 07263952) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| R. S. FRENCH LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 55 East Street |
| Faversham |
| Kent |
| ME13 8AF |
| BANKERS: |
| 49 High Street |
| Canterbury |
| Kent |
| CT1 2SE |
| R. S. FRENCH LTD (REGISTERED NUMBER: 07263952) |
| BALANCE SHEET |
| 31 MAY 2019 |
| 31.5.19 | 31.5.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| R. S. FRENCH LTD (REGISTERED NUMBER: 07263952) |
| BALANCE SHEET - continued |
| 31 MAY 2019 |
| 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. |
| 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 |
| R. S. FRENCH LTD (REGISTERED NUMBER: 07263952) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2019 |
| 1. | STATUTORY INFORMATION |
| R. S. French Ltd is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
| measured at cost less any accumulated amortisation and any accumulated impairment |
| losses. |
| Tangible fixed assets |
| Freehold property | - |
| Containers and equipment | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Office equipment | - |
| 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 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. |
| R. S. FRENCH LTD (REGISTERED NUMBER: 07263952) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 June 2018 |
| and 31 May 2019 |
| AMORTISATION |
| At 1 June 2018 |
| Amortisation for year |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| R. S. FRENCH LTD (REGISTERED NUMBER: 07263952) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Containers |
| Freehold | and | Plant and |
| property | equipment | machinery |
| £ | £ | £ |
| COST |
| At 1 June 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2019 |
| DEPRECIATION |
| At 1 June 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| Motor | Office |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2019 |
| DEPRECIATION |
| At 1 June 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| Included in cost of land and buildings is freehold land of £ 199,408 (2018 - £ 199,408 ) which |
| is not depreciated. |
| R. S. FRENCH LTD (REGISTERED NUMBER: 07263952) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2019 |
| 6. | STOCKS |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Stocks |
| Stock of fuel |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Trade debtors |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT |
| Other creditors |
| Credit card |
| Directors' loan accounts |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Bank loans - 2-5 years |
| Hire purchase contracts |
| R. S. FRENCH LTD (REGISTERED NUMBER: 07263952) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2019 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Bank loans |
| The bank loans are secured by a first legal charge over the commercial freehold of land at |
| Uplands Farm, High Street Road, Waterham, Kent and land to the north of High Street |
| Road. |
| 11. | PROVISIONS FOR LIABILITIES |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Deferred tax |
| Deferred |
| tax |
| £ |
| Balance at 1 June 2018 |
| Charge to Income Statement during year |
| Balance at 31 May 2019 |