Rayleigh Installations Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09004898 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 April 2020

for

Rayleigh Installations Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr A L Solomons

Mrs A Solomons

REGISTERED OFFICE:

Cornish&Sussex Suite,House 3

Lynderswood Business Park

Lynderswood Lane

Black Notley

Essex

CM77 8JT

REGISTERED NUMBER:

09004898 (England and Wales)

ACCOUNTANTS:

Richardson & Co Accountants Limited

Cornish&Sussex Suite,House 3

Lynderswood Business Park

Lynderswood Lane

Black Notley

Essex

CM77 8JT

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Rayleigh Installations Limited for the year ended

28 April 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in

Equity and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Rayleigh Installations Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rayleigh Installations Limited and state those matters that we have agreed to state to the Board of Directors of Rayleigh Installations Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rayleigh Installations Limited 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 loss of Rayleigh Installations Limited. You consider that Rayleigh Installations Limited 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 Rayleigh Installations Limited. 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.

Richardson & Co Accountants Limited

Cornish&Sussex Suite,House 3

Lynderswood Business Park

Lynderswood Lane

Black Notley

Essex

CM77 8JT

21 January 2021

FIXED ASSETS

Tangible assets

4

520

2,202

CURRENT ASSETS

Debtors

5

5,281

2,278

Cash at bank

5,715

4,155

10,996

6,433

CREDITORS

Amounts falling due within one year

6

58,986

32,702

NET CURRENT LIABILITIES

(47,990

)

(26,269

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(47,470

)

(24,067

)

CREDITORS

Amounts falling due after more than one year

7

(33,148

)

(32,032

)

PROVISIONS FOR LIABILITIES

-

(651

)

NET LIABILITIES

(80,618

)

(56,750

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(80,628

)

(56,760

)

SHAREHOLDERS' FUNDS

(80,618

)

(56,750

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2021 and were signed on its behalf by:

Mrs A Solomons - Director

1.	STATUTORY INFORMATION

Rayleigh Installations 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.

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

-

33% on cost and 25% on cost

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 29 April 2019

16,458

1,112

17,570

Additions

240

-

240

At 28 April 2020

16,698

1,112

17,810

DEPRECIATION

At 29 April 2019

14,258

1,110

15,368

Charge for year

1,922

-

1,922

At 28 April 2020

16,180

1,110

17,290

NET BOOK VALUE

At 28 April 2020

518

2

520

At 28 April 2019

2,200

2

2,202

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.20

28.4.19

£

£

Trade debtors

5,180

2,278

Other debtors

101

-

5,281

2,278

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.20

28.4.19

£

£

Trade creditors

3,995

2,907

Taxation and social security

6,481

4,310

Other creditors

48,510

25,485

58,986

32,702

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.4.20

28.4.19

£

£

Other creditors

33,148

32,032

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

28 April 2020 and 28 April 2019:

28.4.20

28.4.19

£

£

Mr A L Solomons

Balance outstanding at start of year

14,092

13,967

Amounts repaid

(4,308

)

(862

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,711

14,092

Mrs A Solomons

Balance outstanding at start of year

3,591

3,465

Amounts repaid

(4,568

)

(861

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,200

3,591