RDW Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09506024 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

RDW Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K H Davies

REGISTERED OFFICE:

Stone Acre

Heol Ddu

Ammanford

Dyfed

SA18 2UG

REGISTERED NUMBER:

09506024 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Tangible assets

5

42,628

44,587

CURRENT ASSETS

Debtors

6

53,600

63,014

Cash at bank

12,525

4,898

66,125

67,912

CREDITORS

Amounts falling due within one year

7

63,273

73,407

NET CURRENT ASSETS/(LIABILITIES)

2,852

(5,495

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,480

39,092

PROVISIONS FOR LIABILITIES

2,970

2,772

NET ASSETS

42,510

36,320

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

42,509

36,319

SHAREHOLDERS' FUNDS

42,510

36,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 16 December 2019 and were signed by:

K H Davies - Director

1.	STATUTORY INFORMATION

RDW Services Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 each asset over its estimated useful life.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2018

30,000

20,611

50,611

Additions

-

6,250

6,250

At 31 March 2019

30,000

26,861

56,861

DEPRECIATION

At 1 April 2018

-

6,024

6,024

Charge for year

3,000

5,209

8,209

At 31 March 2019

3,000

11,233

14,233

NET BOOK VALUE

At 31 March 2019

27,000

15,628

42,628

At 31 March 2018

30,000

14,587

44,587

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

4,550

1,311

Other debtors

49,050

58,800

VAT

-

2,903

53,600

63,014

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Tax

151

(2,425

)

VAT

423

-

Directors' current accounts

62,099

74,882

Accrued expenses

600

950

63,273

73,407

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

K H Davies

Balance outstanding at start of year

(74,882

)

(34,000

)

Amounts advanced

34,783

(43,500

)

Amounts repaid

(22,000

)

2,618

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(62,099

)

(74,882

)

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

At the year the company was owed £49,050 (2018 £58,800) by Renewable Developments (Wales) Ltd a

company under the common control of Mr. K. H. Davies the director.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is K H Davies.