Realm Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06194692 (England and Wales)

REALM ENGINEERING LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2020

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

A R Cocking

REGISTERED OFFICE:

Vale Business Centre

9 Abbey Lane Court

Abbey Lane

Evesham

Worcestershire

WR11 4BY

REGISTERED NUMBER:

06194692 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

The following reproduces the text of the report prepared for the director 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Director 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 Realm Engineering Limited for the year ended 30 April 2020 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Realm Engineering Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Realm Engineering Limited and state those matters that we have agreed to state to the director of Realm Engineering Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Realm Engineering Limited and its director for our work or for this report.

It is your duty to ensure that Realm Engineering 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 profit of Realm Engineering Limited. You consider that Realm Engineering 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 Realm Engineering 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.

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

27 January 2021

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

626

560

626

560

CURRENT ASSETS

Stocks

10,200

8,500

Debtors

6

15,989

33,309

Prepayments and accrued income

18,076

17,849

Cash at bank and in hand

210,679

168,236

254,944

227,894

CREDITORS

Amounts falling due within one year

7

(75,105

)

(47,870

)

NET CURRENT ASSETS

179,839

180,024

TOTAL ASSETS LESS CURRENT LIABILITIES

180,465

180,584

PROVISIONS FOR LIABILITIES

(119

)

(106

)

NET ASSETS

180,346

180,478

CAPITAL AND RESERVES

Called up share capital

20,989

20,989

Retained earnings

159,357

159,489

SHAREHOLDERS' FUNDS

180,346

180,478

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

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 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 27 January 2021 and were signed by:

A R Cocking - Director

1.	STATUTORY INFORMATION

Realm Engineering 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 relates to a business incorporated in 2007 and the amount has been fully amortised.

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

-

15% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

33% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2019

and 30 April 2020

20,988

AMORTISATION

At 1 May 2019

and 30 April 2020

20,988

NET BOOK VALUE

At 30 April 2020

-

At 30 April 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2019

292

1,100

1,407

2,799

Additions

309

-

-

309

At 30 April 2020

601

1,100

1,407

3,108

DEPRECIATION

At 1 May 2019

175

1,100

964

2,239

Charge for year

71

-

172

243

At 30 April 2020

246

1,100

1,136

2,482

NET BOOK VALUE

At 30 April 2020

355

-

271

626

At 30 April 2019

117

-

443

560

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

12,477

10,094

Directors' loan accounts

-

22,290

VAT

3,512

925

15,989

33,309

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Payments on account

448

448

Trade creditors

31,622

35,326

Tax

7,272

3,210

Social security and other taxes

578

181

Other creditors

24,831

7,780

Directors' loan accounts

9,254

-

Accruals and deferred income

1,100

925

75,105

47,870