Redway UK Ltd,Ltd - AccountsLtd - Accounts

Redway UK Ltd,Ltd - AccountsLtd - Accounts

REDWAY UK LTD - Company Information

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2019-05-01 06231175 2020-04-30 06231175 2019-05-01 2020-04-30 06231175 2019-04-30 06231175 2018-05-01 2019-04-30 06231175 uk-core:WithinOneYear 2019-04-30 06231175 uk-core:WithinOneYear 2020-04-30 06231175 uk-core:ShareCapital 2020-04-30 06231175 uk-core:ShareCapital 2019-04-30 06231175 uk-core:RetainedEarningsAccumulatedLosses 2020-04-30 06231175 uk-core:RetainedEarningsAccumulatedLosses 2019-04-30 06231175 uk-bus:Director1 2019-05-01 2020-04-30 06231175 uk-core:PlantMachinery 2019-05-01 2020-04-30 06231175 uk-core:CommercialMotorVehicles 2019-05-01 2020-04-30 06231175 uk-core:CommercialMotorVehicles 2019-04-30 06231175 uk-core:PlantMachinery 2019-04-30 06231175 uk-core:PlantMachinery 2020-04-30 06231175 uk-core:CommercialMotorVehicles 2020-04-30 iso4217:GBP xbrli:pure 06231175 uk-bus:AuditExemptWithAccountantsReport 2019-05-01 2020-04-30 06231175 uk-bus:FRS102 2019-05-01 2020-04-30 06231175 uk-bus:FullAccounts 2019-05-01 2020-04-30 06231175 uk-bus:PrivateLimitedCompanyLtd 2019-05-01 2020-04-30
Redway UK Ltd
Registered Number:06231175
For the year ended 30 April 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2020
Redway UK Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06231175
As at 30 April 2020
Redway UK Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
1,490
170
2
1,490
170
Current assets
Trade and other receivables
1,720
652
3
2,186
Cash and cash equivalents
1,586
2,238
3,906
Trade and other payables: amounts falling due within
one year
(4,431)
(3,724)
4
(525)
(1,486)
Net current liabilities
Total assets less current liabilities
4
(355)
4
Net assets/liabilities
(355)
Capital and reserves
Called up share capital
1
1
Retained earnings
3
(356)
4
(355)
Shareholders' funds
For the year ended 30 April 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Karl Darby Director
These financial statements were approved and authorised for issue by the Board on 05 November 2020 and were signed by:
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4
Registered Number :
06231175
For the year ended 30 April 2020
Redway UK Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 30 April 2020
Redway UK Ltd
Notes to the Financial Statements
Statutory Information
Redway UK Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06231175.
Principal place of business:
1 Duncan Close
Thetford
Norfolk
IP24 2LZ
Registered address:
Belmont House, 20 King Street
Thetford
Norfolk
IP24 2AP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
For the year ended 30 April 2020
Redway UK Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 May 2019
1,200
-
1,200
1,500
1,500
-
Additions
At 30 April 2020
1,200
1,500
2,700
Provision for depreciation and impairment
At 01 May 2019
1,030
-
1,030
Charge for year
180
155
25
At 30 April 2020
1,210
155
1,055
At 30 April 2020
Net book value
145
1,345
1,490
At 30 April 2019
170
-
170
3. Trade and other receivables
2019
2020
£
£
Trade debtors
-
1,720
Other debtors
652
-
1,720
652
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Taxation and social security
383
-
Other creditors
3,341
4,431
3,724
4,431
5. Average number of persons employed
During the year the average number of employees was 1 (2019 : 1)
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