RVD ELECTRICAL LIMITED Company accounts
RVD ELECTRICAL LIMITED Company accounts
COMPANY REGISTRATION NUMBER:
11368786
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Financial Statements |
Year ended 31 May 2019
Contents |
Page |
Director's report |
1 |
Statement of income and retained earnings |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
4 |
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Director's Report |
Year ended 31 May 2019
The director presents his report and the unaudited financial statements of the company for the year ended
31 May 2019
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
1 November 2019
and signed on behalf of the board by:
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Director |
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Registered office: |
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WEST GLAM |
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Statement of Income and Retained Earnings |
Year ended 31 May 2019
2019 |
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Note |
£ |
Turnover |
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Cost of sales |
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-------- |
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Gross profit |
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Administrative expenses |
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-------- |
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Operating loss |
(
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-------- |
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Loss before taxation |
(
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Tax on loss |
– |
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Loss for the financial year and total comprehensive income |
(
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---- |
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Retained earnings at the start of the year |
– |
------- |
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Retained losses at the end of the year |
(
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------- |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2019 |
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Note |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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------- |
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Total assets less current liabilities |
(
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Capital and reserves
Profit and loss account |
(
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------- |
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Shareholders deficit |
(
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------- |
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Director's responsibilities:
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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
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
1 November 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
11368786
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Notes to the Financial Statements |
Year ended 31 May 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 90 DARREN WEN, BAGLAN, PORT TALBOT, SA12 8YN, WEST GLAM.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Tangible assets
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:
Motor vehicles |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
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5.
Tangible assets
Motor vehicles |
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£ |
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Cost |
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At 1 June 2018 |
– |
Additions |
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------- |
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At 31 May 2019 |
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------- |
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Depreciation |
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At 1 June 2018 |
– |
Charge for the year |
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------- |
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At 31 May 2019 |
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------- |
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Carrying amount |
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At 31 May 2019 |
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------- |
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6.
Creditors:
amounts falling due within one year
2019 |
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£ |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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7.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding |
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2019 |
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£ |
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-------- |
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