Reddings Corporate Law Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06910550 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

REDDINGS CORPORATE LAW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D E Redding

REGISTERED OFFICE:

Rainbow House

Oakridge Lane

Sidcot

Winscombe

North Somerset

BS25 1LZ

REGISTERED NUMBER:

06910550 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,869

1,462

2,869

1,462

CURRENT ASSETS

Stocks

450

450

Debtors

6

4,933

1,754

Cash at bank

51,824

58,603

57,207

60,807

CREDITORS

Amounts falling due within one year

7

20,516

23,282

NET CURRENT ASSETS

36,691

37,525

TOTAL ASSETS LESS CURRENT LIABILITIES

39,560

38,987

PROVISIONS FOR LIABILITIES

8

545

278

NET ASSETS

39,015

38,709

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

39,014

38,708

SHAREHOLDERS' FUNDS

39,015

38,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 11 January 2021 and were signed by:

D E Redding - Director

1.	STATUTORY INFORMATION

Reddings Corporate Law 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly to be fully written off by 30 September 2018.

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

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2019

and 30 September 2020

50,000

AMORTISATION

At 1 October 2019

and 30 September 2020

50,000

NET BOOK VALUE

At 30 September 2020

-

At 30 September 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2019

11,464

8,379

19,843

Additions

2,720

-

2,720

At 30 September 2020

14,184

8,379

22,563

DEPRECIATION

At 1 October 2019

11,149

7,232

18,381

Charge for year

649

664

1,313

At 30 September 2020

11,798

7,896

19,694

NET BOOK VALUE

At 30 September 2020

2,386

483

2,869

At 30 September 2019

315

1,147

1,462

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

4,933

1,754

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

1,800

-

Tax

14,934

18,459

Social security and other taxes

8

146

VAT

2,285

1,816

Client monies held

300

1,500

Directors' current accounts

39

211

Accrued expenses

1,150

1,150

20,516

23,282

8.	PROVISIONS FOR LIABILITIES

30.9.20

30.9.19

£

£

Deferred tax

Accelerated capital allowances

545

278

Deferred

tax

£

Balance at 1 October 2019

278

Accelerated capital allowances

267

Balance at 30 September 2020

545

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 October 2019

38,708

Profit for the year

64,806

Dividends

(64,500

)

At 30 September 2020

39,014

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed a director £39. (2019: £211).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be D E Redding.