Resulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05209786 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

RESULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Browne

S P O Baber

N J Coburn

REGISTERED OFFICE:

76 King Street

Manchester

Greater Manchester

M2 4NH

REGISTERED NUMBER:

05209786 (England and Wales)

ACCOUNTANTS:

WatkinsonBlack

1st Floor

264 Manchester Road

Warrington

Cheshire

WA1 3RB

BANKERS:

Barclays Bank Plc

23-25 Golden Square

Warrington

Cheshire

WA1 1TW

FIXED ASSETS

Intangible assets

4

104,173

72,057

Tangible assets

5

439,885

18,607

Investments

6

30,000

30,000

574,058

120,664

CURRENT ASSETS

Stocks

705

1,463

Debtors

7

1,718,340

1,194,502

Cash at bank

879,975

1,405,835

2,599,020

2,601,800

CREDITORS

Amounts falling due within one year

8

789,476

973,347

NET CURRENT ASSETS

1,809,544

1,628,453

TOTAL ASSETS LESS CURRENT LIABILITIES

2,383,602

1,749,117

CAPITAL AND RESERVES

Called up share capital

600

600

Capital redemption reserve

400

400

Retained earnings

2,382,602

1,748,117

SHAREHOLDERS' FUNDS

2,383,602

1,749,117

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2020 and were signed on its behalf by:

S P O Baber - Director

1.	STATUTORY INFORMATION

Resulting 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

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 26 (2018 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2018

72,057

Additions

37,790

Disposals

(5,674

)

At 30 November 2019

104,173

NET BOOK VALUE

At 30 November 2019

104,173

At 30 November 2018

72,057

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2018

-

25,487

25,487

Additions

398,422

23,482

421,904

At 30 November 2019

398,422

48,969

447,391

DEPRECIATION

At 1 December 2018

-

6,880

6,880

Charge for year

-

626

626

At 30 November 2019

-

7,506

7,506

NET BOOK VALUE

At 30 November 2019

398,422

41,463

439,885

At 30 November 2018

-

18,607

18,607

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2018

and 30 November 2019

30,000

NET BOOK VALUE

At 30 November 2019

30,000

At 30 November 2018

30,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

1,546,789

1,034,273

Other debtors

171,551

160,229

1,718,340

1,194,502

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

480,538

572,647

Taxation and social security

277,111

247,693

Other creditors

31,827

153,007

789,476

973,347