RfM Fylde Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09532900 (England and Wales)

RfM Fylde Limited

Unaudited Financial Statements for the Year Ended 30 June 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr A J Meikle

Mrs G Telford

Mr P C Newsham

Registered office:

Summerdale

Head Dyke Lane

Pilling

Preston

Lancashire

PR3 6SJ

Registered number:

09532900 (England and Wales)

Accountants:

RfM Fylde Limited

Summerdale

Head Dyke Lane

Pilling

Preston

Lancashire

PR3 6SJ

Fixed assets

Intangible assets

4

150,666

175,433

Tangible assets

5

11,055

12,669

161,721

188,102

Current assets

Stocks

92,474

95,213

Debtors

6

135,323

162,137

Cash at bank and in hand

72,011

75,195

299,808

332,545

Creditors

Amounts falling due within one year

7

201,910

221,841

Net current assets

97,898

110,704

Total assets less current liabilities

259,619

298,806

Creditors

Amounts falling due after more than one year

8

(204,486

)

(253,844

)

Provisions for liabilities

(1,750

)

(1,980

)

Net assets

53,383

42,982

Capital and reserves

Called up share capital

11

100

100

Retained earnings

53,283

42,882

Shareholders' funds

53,383

42,982

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 24 February 2020 and were signed on its behalf by:

Mr A J Meikle - Director

1.	Statutory information

RfM Fylde 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, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 14 (2018 - 14 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 July 2018

and 30 June 2019

247,670

Amortisation

At 1 July 2018

72,237

Amortisation for year

24,767

At 30 June 2019

97,004

Net book value

At 30 June 2019

150,666

At 30 June 2018

175,433

5.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 July 2018

7,754

13,909

21,663

Additions

200

600

800

At 30 June 2019

7,954

14,509

22,463

Depreciation

At 1 July 2018

2,355

6,639

8,994

Charge for year

840

1,574

2,414

At 30 June 2019

3,195

8,213

11,408

Net book value

At 30 June 2019

4,759

6,296

11,055

At 30 June 2018

5,399

7,270

12,669

6.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

108,778

127,718

Other debtors

26,545

34,419

135,323

162,137

7.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

15,924

27,967

Amounts owed to associates

28,309

20,309

Taxation and social security

60,293

71,389

Other creditors

97,384

102,176

201,910

221,841

8.

Creditors: amounts falling due after more than one year

2019

2018

£

£

Other creditors

204,486

253,844

Amounts falling due in more than five years:

Repayable by instalments

Loan - due more than 5 years

-

50,314

9.	Leasing agreements

At 30 June 2019, the company had total commitments under non-cancellable operating leasing over the

remaining life of those leases of £1,075 (2018 - £13,975).

10.	Secured debts

The following secured debts are included within creditors:

2019

2018

£

£

Loan

253,844

302,237

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100