R.A.D. Mechanical Services (Oxford) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08004253 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

R.A.D. Mechanical Services (Oxford)

Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

D Spencer-Matthews

R Norris

REGISTERED OFFICE:

30 Bankside Court

Stationfields

Kidlington

Oxford

Oxfordshire

OX5 1JE

REGISTERED NUMBER:

08004253 (England and Wales)

ACCOUNTANTS:

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and

the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of R.A.D. Mechanical Services (Oxford) Limited for the year ended 31 March 2020 which comprise

the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R.A.D. Mechanical Services (Oxford) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.A.D. Mechanical Services (Oxford) Limited and state those matters that we have agreed to state to the Board of Directors of R.A.D. Mechanical Services (Oxford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.A.D. Mechanical Services (Oxford) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R.A.D. Mechanical Services (Oxford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.A.D. Mechanical Services (Oxford) Limited. You consider that R.A.D. Mechanical Services (Oxford) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.A.D. Mechanical Services (Oxford) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

Date: .............................................

FIXED ASSETS

Intangible assets

4

16,000

24,000

Tangible assets

5

47,272

12,648

63,272

36,648

CURRENT ASSETS

Stocks

9,350

9,350

Debtors

6

42,434

93,814

Cash at bank

202,004

123,620

253,788

226,784

CREDITORS

Amounts falling due within one year

7

(112,727

)

(126,356

)

NET CURRENT ASSETS

141,061

100,428

TOTAL ASSETS LESS CURRENT LIABILITIES

204,333

137,076

CREDITORS

Amounts falling due after more than one year

8

(12,778

)

-

NET ASSETS

191,555

137,076

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

191,455

136,976

191,555

137,076

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2020 and were signed on its behalf by:

D Spencer-Matthews - Director

1.	STATUTORY INFORMATION

R.A.D. Mechanical Services (Oxford) 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 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

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 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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 5 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

80,000

AMORTISATION

At 1 April 2019

56,000

Charge for year

8,000

At 31 March 2020

64,000

NET BOOK VALUE

At 31 March 2020

16,000

At 31 March 2019

24,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

60,589

Additions

52,001

Disposals

(12,204

)

At 31 March 2020

100,386

DEPRECIATION

At 1 April 2019

47,941

Charge for year

16,155

Eliminated on disposal

(10,982

)

At 31 March 2020

53,114

NET BOOK VALUE

At 31 March 2020

47,272

At 31 March 2019

12,648

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

20,255

DEPRECIATION

At 1 April 2019

13,846

Charge for year

1,602

At 31 March 2020

15,448

NET BOOK VALUE

At 31 March 2020

4,807

At 31 March 2019

6,409

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Trade debtors

40,500

93,223

Other debtors

1,934

591

42,434

93,814

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Hire purchase contracts

6,667

1,825

Trade creditors

2,313

13,907

Taxation and social security

48,947

40,939

Other creditors

54,800

69,685

112,727

126,356

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/20

31/3/19

£

£

Hire purchase contracts

12,778

-