Radox Radiators Ltd,Ltd - AccountsLtd - Accounts

Radox Radiators Ltd,Ltd - AccountsLtd - Accounts

RADOX RADIATORS LTD - Company Information

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2019-04-01 07056324 2020-03-31 07056324 2019-04-01 2020-03-31 07056324 2019-03-31 07056324 2018-04-01 2019-03-31 07056324 uk-core:WithinOneYear 2019-03-31 07056324 uk-core:WithinOneYear 2020-03-31 07056324 uk-core:AfterOneYear 2019-03-31 07056324 uk-core:AfterOneYear 2020-03-31 07056324 uk-core:ShareCapital 2020-03-31 07056324 uk-core:ShareCapital 2019-03-31 07056324 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 07056324 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 07056324 uk-bus:Director1 2019-04-01 2020-03-31 07056324 uk-core:ToolsEquipment 2019-03-31 07056324 uk-core:FurnitureFittings 2019-03-31 07056324 uk-core:MotorCars 2019-03-31 07056324 uk-core:ToolsEquipment 2019-04-01 2020-03-31 07056324 uk-core:FurnitureFittings 2019-04-01 2020-03-31 07056324 uk-core:MotorCars 2019-04-01 2020-03-31 07056324 uk-core:MotorCars 2020-03-31 07056324 uk-core:FurnitureFittings 2020-03-31 07056324 uk-core:ToolsEquipment 2020-03-31 07056324 uk-core:AfterOneYear uk-core:Secured 2020-03-31 07056324 uk-core:AfterOneYear uk-core:Secured 2019-03-31 iso4217:GBP xbrli:pure 07056324 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 07056324 uk-bus:FRS102 2019-04-01 2020-03-31 07056324 uk-bus:FullAccounts 2019-04-01 2020-03-31 07056324 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
Radox Radiators Ltd
Registered Number:07056324
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
As at 31 March 2020
Radox Radiators Ltd
Statement of Financial Position
Registered Number :
07056324
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
25,582
43,429
2
25,582
43,429
Current assets
Inventories
427,737
557,330
3
Trade and other receivables
282,849
207,915
4
26,230
Cash and cash equivalents
15,478
780,723
736,816
Trade and other payables: amounts falling due within one
year
(500,017)
(582,600)
5
236,799
198,123
Net current assets
Total assets less current liabilities
223,705
280,228
Trade and other payables: amounts falling due after more
than one year
(143,598)
(61,451)
6
162,254
Net assets
136,630
Capital and reserves
Called up share capital
100
100
Retained earnings
162,154
136,530
162,254
136,630
Shareholders' funds
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Florin Neacsu Director
These financial statements were approved and authorised for issue by the Board on 09 June 2020 and were signed by:
The notes form part of these financial statements
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3
For the year ended 31 March 2020
Radox Radiators Ltd
Notes to the Financial Statements
Statutory Information
Radox Radiators Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07056324.
Registered address:
Unit 3 Midlands Industrial Estate
Holt
Trowbridge
Wiltshire
BA14 6RU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 April 2019
93,395
15,324
19,060
59,011
116
116
-
-
Additions
-
-
(21,249)
Disposals
(21,249)
At 31 March 2020
37,762
19,060
15,440
72,262
Provision for depreciation and impairment
At 01 April 2019
49,966
10,333
14,573
25,060
Charge for year
9,932
1,781
1,431
6,720
(13,218)
-
-
(13,218)
On disposal
At 31 March 2020
46,680
12,114
16,004
18,562
At 31 March 2020
Net book value
19,200
3,056
3,326
25,582
At 31 March 2019
33,951
4,487
4,991
43,429
3. Inventories
2019
2020
£
£
Stocks
557,330
427,737
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4
For the year ended 31 March 2020
Radox Radiators Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2019
2020
£
£
Trade debtors
200,792
276,502
Other debtors
7,123
6,347
282,849
207,915
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
515,473
422,715
Taxation and social security
57,099
61,664
Other creditors
10,028
15,638
582,600
500,017
6. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft
61,451
143,598
7. Average number of persons employed
During the year the average number of employees was 8 (2019 : 7)
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