Ramage (Trade Windows) Ltd 30/04/2020 iXBRL
Ramage (Trade Windows) Ltd 30/04/2020 iXBRL
Company registration number:
03530515
Unaudited filleted financial statements
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
|
|
|
||
Secretary |
|
|
Company number |
|
|
Registered office |
|
|
|
||
|
||
|
||
|
||
Business address |
|
|
|
||
|
||
|
||
|
||
Accountants |
|
|
246 Park View | ||
Whitley Bay | ||
Tyne and Wear | ||
NE26 3QX | ||
Bankers |
|
|
Regent Centre | ||
Gosforth | ||
Newcastle upon Tyne | ||
NE3 3WN | ||
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Ramage (Trade Windows) Ltd
Year ended 30th April 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ramage (Trade Windows) Ltd for the year ended 30th April 2020 which comprise the statement of financial position, statement of changes in equity and 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, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.
This report is made solely to the board of directors of Ramage (Trade Windows) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ramage (Trade Windows) Ltd and state those matters that we have agreed to state to the board of directors of Ramage (Trade Windows) Ltd as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ramage (Trade Windows) Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Ramage (Trade Windows) Ltd 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 Ramage (Trade Windows) Ltd. You consider that Ramage (Trade Windows) Ltd 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 Ramage (Trade Windows) Ltd. 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.
Chartered Accountants
246 Park View
Whitley Bay
Tyne and Wear
NE26 3QX
Statement of financial position
30th April 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
|
|
||||||
_______ | _______ | ||||||||
|
|
||||||||
Current assets | |||||||||
Stocks |
|
|
|||||||
Debtors | 6 |
|
|
||||||
Cash at bank and in hand |
|
|
|||||||
_______ | _______ | ||||||||
|
|
||||||||
Creditors: amounts falling due | |||||||||
within one year | 7 |
(
|
(
|
||||||
_______ | _______ | ||||||||
Net current assets |
|
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
|
|
|||||||
_______ | _______ | ||||||||
Net assets |
|
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
|
|
|||||||
_______ | _______ | ||||||||
Shareholders funds |
|
|
|||||||
_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 October 2020
, and are signed on behalf of the board by:
Director
Company registration number:
03530515
Statement of changes in equity
Year ended 30th April 2020
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1st May 2018 |
|
|
|
||
Profit for the year |
|
|
|||
_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
|
|
||
Dividends paid and payable |
(
|
(
|
|||
_______ | _______ | _______ | |||
Total investments by and distributions to owners | - |
(
|
(
|
||
_______ | _______ | _______ | |||
At 30th April 2019 and 1st May 2019 |
|
|
|
||
Profit for the year |
|
|
|||
_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
|
|
||
Dividends paid and payable |
(
|
(
|
|||
_______ | _______ | _______ | |||
Total investments by and distributions to owners | - |
(
|
(
|
||
_______ | _______ | _______ | |||
At 30th April 2020 |
|
|
|
||
_______ | _______ | _______ | |||
Notes to the financial statements
Year ended 30th April 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is George Stephenson Industrial Estate, Ramage House, Samson Close, Killingworth, Newcastle upon Tyne, NE12 6DX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
|
|
|
Fittings fixtures and equipment | - |
|
|
|
Motor vehicles | - |
|
|
|
Impairment
Stocks
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2019:
8
).
5.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1st May 2019 |
|
|
|
|
Additions | 70,000 | - | 70,000 | |
_______ | _______ | _______ | ||
At 30th April 2020 |
|
|
|
|
_______ | _______ | _______ | ||
Depreciation | ||||
At 1st May 2019 |
|
|
|
|
Charge for the year |
|
- |
|
|
_______ | _______ | _______ | ||
At 30th April 2020 |
|
|
|
|
_______ | _______ | _______ | ||
Carrying amount | ||||
At 30th April 2020 |
|
- |
|
|
_______ | _______ | _______ | ||
At 30th April 2019 |
|
- |
|
|
_______ | _______ | _______ | ||
6.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors |
|
|
||
Other debtors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Trade creditors |
|
|
||
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
||
Corporation tax |
|
|
||
Social security and other taxes |
|
|
||
Other creditors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
8.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2020 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
|
- |
(
|
(
|
|
_______ | _______ | _______ | ||
2019 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
|
- | - | - | |
_______ | _______ | _______ | ||
9.
Controlling party