Rame Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08036625 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

RAME CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G J Prisk

Mrs S E Prisk

REGISTERED OFFICE:

12 Bowood Road

London

SW11 6PE

REGISTERED NUMBER:

08036625 (England and Wales)

ACCOUNTANTS:

IGD Accounting Services Limited

29a High Street

West Wickham

Kent

BR4 0LP

FIXED ASSETS

Tangible assets

4

27,260

14,954

CURRENT ASSETS

Debtors

5

1,028,180

755,897

Cash at bank

704,696

678,270

1,732,876

1,434,167

CREDITORS

Amounts falling due within one year

6

333,281

298,736

NET CURRENT ASSETS

1,399,595

1,135,431

TOTAL ASSETS LESS CURRENT LIABILITIES

1,426,855

1,150,385

CAPITAL AND RESERVES

Called up share capital

110

100

Retained earnings

1,426,745

1,150,285

SHAREHOLDERS' FUNDS

1,426,855

1,150,385

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2020 and were signed on its behalf by:

G J Prisk - Director

1.	STATUTORY INFORMATION

Rame Consulting 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 16 (2019 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

43,543

Additions

25,305

At 31 March 2020

68,848

DEPRECIATION

At 1 April 2019

28,589

Charge for year

12,999

At 31 March 2020

41,588

NET BOOK VALUE

At 31 March 2020

27,260

At 31 March 2019

14,954

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

753,068

499,669

Other debtors

275,112

256,228

1,028,180

755,897

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

26,161

28,026

Taxation and social security

225,032

227,819

Other creditors

82,088

42,891

333,281

298,736

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019:

31.3.20

31.3.19

£

£

G J Prisk

Balance outstanding at start of year

151,424

-

Amounts advanced

-

151,424

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

151,424

151,424

8.	ULTIMATE CONTROLLING PARTY

The controlling party is G J Prisk.