Realm Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06194692 (England and Wales)

REALM ENGINEERING LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2019

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

A R Cocking

REGISTERED OFFICE:

Vale Business Centre

9 Abbey Lane Court

Abbey Lane

Evesham

Worcestershire

WR11 4BY

REGISTERED NUMBER:

06194692 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Realm Engineering Limited for the year ended 30 April 2019 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Realm Engineering Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Realm Engineering Limited and state those matters that we have agreed to state to the director of Realm Engineering Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Realm Engineering Limited and its director for our work or for this report.

It is your duty to ensure that Realm Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Realm Engineering Limited. You consider that Realm Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Realm Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

29 January 2020

FIXED ASSETS

Intangible assets

4

-

2,099

Tangible assets

5

560

161

560

2,260

CURRENT ASSETS

Stocks

8,500

8,450

Debtors

6

33,309

6,898

Prepayments and accrued income

17,849

17,193

Cash at bank and in hand

168,236

221,918

227,894

254,459

CREDITORS

Amounts falling due within one year

7

(47,870

)

(53,771

)

NET CURRENT ASSETS

180,024

200,688

TOTAL ASSETS LESS CURRENT LIABILITIES

180,584

202,948

PROVISIONS FOR LIABILITIES

(106

)

(30

)

NET ASSETS

180,478

202,918

CAPITAL AND RESERVES

Called up share capital

20,989

20,989

Retained earnings

159,489

181,929

SHAREHOLDERS' FUNDS

180,478

202,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 January 2020 and were signed by:

A R Cocking - Director

1.	STATUTORY INFORMATION

Realm Engineering 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.	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.

Goodwill

Goodwill relates to a business incorporated in 2007. The carrying value is reviewed each year and amortisation

charged accordingly.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

33% on cost

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Going concern

The financial statements have been prepared on a going concern basis and no material uncertainties exist that

impact on the company's ability to trade.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

20,988

AMORTISATION

At 1 May 2018

18,889

Charge for year

2,099

At 30 April 2019

20,988

NET BOOK VALUE

At 30 April 2019

-

At 30 April 2018

2,099

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2018

292

1,100

892

2,284

Additions

-

-

515

515

At 30 April 2019

292

1,100

1,407

2,799

DEPRECIATION

At 1 May 2018

131

1,100

892

2,123

Charge for year

44

-

72

116

At 30 April 2019

175

1,100

964

2,239

NET BOOK VALUE

At 30 April 2019

117

-

443

560

At 30 April 2018

161

-

-

161

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

10,094

5,228

Directors' loan accounts

22,290

-

VAT

925

1,670

33,309

6,898

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Payments on account

448

191

Trade creditors

35,326

34,830

Tax

3,210

13,102

Social security and other taxes

181

595

Other creditors

7,780

3,888

Directors' loan accounts

-

240

Accruals and deferred income

925

925

47,870

53,771

8.	RELATED PARTY DISCLOSURES

Mr A Cocking

As at the balance sheet date, there is an amount due from the director of £22,290 (2018:£240Cr)