Ricson Services Limited Filleted accounts for Companies House (small and micro)

Ricson Services Limited Filleted accounts for Companies House (small and micro)

RICSON SERVICES LTD - Company Information

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COMPANY REGISTRATION NUMBER: 05080260
Ricson Services Limited
Filleted Unaudited Financial Statements
31 March 2019
Ricson Services Limited
Statement of Financial Position
31 March 2019
2019
2018
Note
£
£
Fixed assets
Tangible assets
5
8
1,762
Current assets
Debtors
6
57,326
62,087
Cash at bank and in hand
55,815
119,033
----------
----------
113,141
181,120
Creditors: amounts falling due within one year
7
75,945
108,123
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----------
Net current assets
37,196
72,997
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--------
Total assets less current liabilities
37,204
74,759
--------
--------
Net assets
37,204
74,759
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
36,204
73,759
--------
--------
Shareholders funds
37,204
74,759
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 December 2019 , and are signed on behalf of the board by:
Mrs D Maiden
Director
Company registration number: 05080260
Ricson Services Limited
Notes to the Financial Statements
year ended 31st March 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite G1, Verulam Industrial Estate, 224 London Road, St Albans, AL1 1JB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis are prepared in sterling which is the functional currency of the entity.
Revenue recognition
Turnover is the total amount receivable by the company, excluding VAT, for the provision of payroll and accountancy services for contract workers in the UK.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25%-33% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2018: 12 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1st April 2018 and 31st March 2019
170,270
170,270
----------
----------
Depreciation
At 1st April 2018
168,508
168,508
Charge for the year
1,754
1,754
----------
----------
At 31st March 2019
170,262
170,262
----------
----------
Carrying amount
At 31st March 2019
8
8
----------
----------
At 31st March 2018
1,762
1,762
----------
----------
6. Debtors
2019
2018
£
£
Trade debtors
32,780
41,746
Other debtors
24,546
20,341
--------
--------
57,326
62,087
--------
--------
7. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
1,231
12,774
Social security and other taxes
16,828
22,697
Other creditors
57,886
72,652
--------
----------
75,945
108,123
--------
----------