Rrl Access Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07716307 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

RRL ACCESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L H Ainsworth

SECRETARY:

R E Warner

REGISTERED OFFICE:

C/o Olive Grosvenor House

George Street

Corby

Northamptonshire

NN17 1QB

REGISTERED NUMBER:

07716307 (England and Wales)

ACCOUNTANTS:

Durrants - Calleva

Accountants and Tax Advisors

4 Comet House

Calleva Park

Aldermaston

Berkshire

RG7 8JA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

58,083

401,218

58,083

401,218

CURRENT ASSETS

Stocks

884,000

350,000

Debtors

6

1,482,919

1,548,198

Cash at bank and in hand

3,103

2,393

2,370,022

1,900,591

CREDITORS

Amounts falling due within one year

7

2,276,291

2,157,007

NET CURRENT ASSETS/(LIABILITIES)

93,731

(256,416

)

TOTAL ASSETS LESS CURRENT LIABILITIES

151,814

144,802

CREDITORS

Amounts falling due after more than one year

8

-

(16,387

)

PROVISIONS FOR LIABILITIES

-

(61,666

)

NET ASSETS

151,814

66,749

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

51,814

(33,251

)

151,814

66,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 15 April 2020 and were signed by:

L H Ainsworth - Director

1.	STATUTORY INFORMATION

Rrl Access 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 0, is being amortised evenly over its estimated useful life of nil 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.

Land and buildings

-

20% on cost and 20% on reducing balance

Plant and machinery etc

-

20% on reducing balance

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.

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 25 (2019 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

3,000

AMORTISATION

At 1 April 2019

and 31 March 2020

3,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2019

25,000

724,282

749,282

Reclassification/transfer

-

(338,135

)

(338,135

)

At 31 March 2020

25,000

386,147

411,147

DEPRECIATION

At 1 April 2019

10,000

338,064

348,064

Charge for year

5,000

-

5,000

At 31 March 2020

15,000

338,064

353,064

NET BOOK VALUE

At 31 March 2020

10,000

48,083

58,083

At 31 March 2019

15,000

386,218

401,218

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Trade debtors

690,863

801,712

Amounts owed by group undertakings

792,056

733,097

Other debtors

-

13,389

1,482,919

1,548,198

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Bank loans and overdrafts

1,296,856

944,969

Hire purchase contracts

11,705

25,266

Trade creditors

174,462

457,459

Taxation and social security

369,376

290,568

Other creditors

423,892

438,745

2,276,291

2,157,007

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/20

31/3/19

£

£

Hire purchase contracts

-

16,387