Road Spraying Limited - Accounts to registrar (filleted) - small 18.2
Road Spraying Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 |
| FOR |
| ROAD SPRAYING LIMITED |
| ROAD SPRAYING LIMITED (REGISTERED NUMBER: 06755882) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ROAD SPRAYING LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 December 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2nd Floor, Boulton House |
| 17-21 Chorlton Street |
| Manchester |
| M1 3HY |
| ROAD SPRAYING LIMITED (REGISTERED NUMBER: 06755882) |
| BALANCE SHEET |
| 31 December 2019 |
| 31.12.19 | 31.12.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Revaluation reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| ROAD SPRAYING LIMITED (REGISTERED NUMBER: 06755882) |
| BALANCE SHEET - continued |
| 31 December 2019 |
| 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 |
| ROAD SPRAYING LIMITED (REGISTERED NUMBER: 06755882) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2019 |
| 1. | STATUTORY INFORMATION |
| Road Spraying Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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 |
| 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. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| ROAD SPRAYING LIMITED (REGISTERED NUMBER: 06755882) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 January 2019 |
| and 31 December 2019 |
| AMORTISATION |
| At 1 January 2019 |
| and 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST OR VALUATION |
| At 1 January 2019 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| Cost or valuation at 31 December 2019 is represented by: |
| Plant and |
| machinery |
| etc |
| £ |
| Valuation in 2009 | 55,317 |
| Valuation in 2013 | 392,782 |
| Valuation in 2014 | (1,200 | ) |
| Cost | 1,007,379 |
| 1,454,278 |
| ROAD SPRAYING LIMITED (REGISTERED NUMBER: 06755882) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2019 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST OR VALUATION |
| At 1 January 2019 |
| Transfer to ownership | (101,826 | ) |
| At 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| Transfer to ownership | (34,922 | ) |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.19 | 31.12.18 |
| £ | £ |
| Other debtors |
| Related company | 60,105 | - |
| VAT |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.19 | 31.12.18 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Other creditors |
| Related company | - | 89,712 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.19 | 31.12.18 |
| £ | £ |
| Hire purchase contracts |
| ROAD SPRAYING LIMITED (REGISTERED NUMBER: 06755882) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2019 |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.12.19 | 31.12.18 |
| £ | £ |
| Deferred tax | 153,129 | 169,819 |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2019 |
| Accelerated capital allowances | (16,690 | ) |
| Balance at 31 December 2019 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.19 | 31.12.18 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 11. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 January 2019 | 645,991 |
| Profit for the year |
| Transfers | 91,519 | (91,519 | ) | - |
| At 31 December 2019 | 667,248 |
| 12. | RELATED PARTY DISCLOSURES |
| At the year-end £60,105 (31.12.18 - £(89,712)) was owed by Recomac Sports Limited, a company under common control. |
| Included within the profit and loss account are management charges of £217,500 (31.12.18 - £240,000) receivable from Recomac Sports Limited. |