RW Retires Limited
RW Retires Limited
Registered number: 07426412
Unaudited Financial Statements
For The Year Ended 30 November 2018
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
RW Retires Limited
Unaudited Financial Statements
For The Year Ended 30 November 2018
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
RW Retires Limited
Balance Sheet
As at
30 November 2018
Balance Sheet
Registered number:
07426412
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2018 | 2017 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 30,332 | 199 | |||
Page 1
RW Retires Limited
Balance Sheet (continued)
As at
30 November 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
RW Retires Limited
Notes to the Financial Statements
For The Year Ended 30 November 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles |
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Computer Equipment |
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1.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2018 | 2017 | ||
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Office and administration |
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Page 3
RW Retires Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2018
3.
Tangible Assets
Motor Vehicles | Computer Equipment | Total | |
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£ | £ | £ | |
Cost | |||
As at |
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Disposals |
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As at |
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Depreciation | |||
As at |
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Provided during the period |
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Disposals |
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As at |
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Net Book Value | |||
As at |
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As at |
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4.
Debtors
2018 | 2017 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other taxes and social security |
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5.
Creditors: Amounts Falling Due Within One Year
2018 | 2017 | ||
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£ | £ | ||
Trade creditors |
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Corporation tax |
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Other taxes and social security | - |
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VAT |
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Accruals and deferred income |
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Directors' loan accounts |
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Page 4
RW Retires Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2018
7.
Dividends
2018 | 2017 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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30,000 | - | ||
8.
General Information
RW Retires Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07426412 . The registered office is Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.
Page 5