Radius Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10902529 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Radius Associates Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N J Waumsley

REGISTERED OFFICE:

Unit 14a, Waterside Business Park

Livingstone Road

Hessle

Hull

HU13 0EG

REGISTERED NUMBER:

10902529 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,153

1,970

CURRENT ASSETS

Debtors

10,251

2,149

Cash at bank

4,716

7,891

14,967

10,040

CREDITORS

Amounts falling due within one year

4,969

8,561

NET CURRENT ASSETS

9,998

1,479

TOTAL ASSETS LESS CURRENT LIABILITIES

11,151

3,449

PROVISIONS FOR LIABILITIES

224

374

NET ASSETS

10,927

3,075

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10,827

2,975

SHAREHOLDERS' FUNDS

10,927

3,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 June 2020 and were signed by:

N J Waumsley - Director

1.	STATUTORY INFORMATION

Radius Associates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax.

Revenue Recognition

Revenue is recognised under an exchange transaction with a customer when, and to the extent that,

the company receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial

statements based on their fair value of the right to consideration at the balance sheet date. The value

is included in debtors as Amounts Recoverable on Contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to

determine whether there is any indication that any items have suffered an impairment loss. If any such

indication exists, the recoverable amount of an asset is estimated in order to determine the extent of

the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset,

the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

3,043

Additions

224

At 31 August 2019

3,267

DEPRECIATION

At 1 September 2018

1,073

Charge for year

1,041

At 31 August 2019

2,114

NET BOOK VALUE

At 31 August 2019

1,153

At 31 August 2018

1,970

5.	RELATED PARTY DISCLOSURES

The company had the following transactions with a related party:

2019

2018

Management charges received from the related party

2,035

2,303

Expenses recharged from the related party

893

607

Balance owing from the related party at the year-end

803

1,696

No interest is charged on the outstanding balance, and there are no formal repayment terms.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J Waumsley.