RA Accounts Ltd - Filleted accounts

Registered number

11283384

RA Accounts Ltd

Filleted Accounts

31 March 2019

RA Accounts Ltd
Registered number:		11283384
Balance Sheet
as at 31 March 2019

Notes			2019
£
Fixed assets
Tangible assets	2		144

Current assets
Debtors	3	8,330
Cash at bank and in hand		3,209
		11,539

Creditors: amounts falling due within one year	4	(9,251)

Net current assets			2,288

Net assets			2,432

Capital and reserves
Called up share capital			1
Profit and loss account			2,431

Shareholder's funds			2,432

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




0
Director
Approved by the board on 31 December 2019

RA Accounts Ltd
Notes to the Accounts
for the year ended 31 March 2019


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Tangible fixed assets
				Office equipment
£
	Cost
	Additions			180
	At 31 March 2019			180

	Depreciation
	Charge for the year			36
	At 31 March 2019			36

	Net book value
	At 31 March 2019			144


3	Debtors		2019
£

	Trade debtors		8,330


4	Creditors: amounts falling due within one year		2019
£

	Director's laon account		7,131
	Taxation and social security costs		2,120
			9,251


5	Controlling party

	Mrs R Apps, director, is the ultimate controlling party by virtue of her ownership of 100% of the company's issued share capital.


6	Other information

	RA Accounts Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 173 80 Churchill Square
	Kings Hill
	West Malling
	Kent
	ME19 4YU