Ramar Limited
Ramar Limited
Company Registration No. 02897947 (England and Wales)
Page
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Director
Company Number
Registered Office
Accountants
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ramar Limited for the year ended 31 March 2020
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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Ramar Limited , as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of Ramar Limited and state those matters that we have agreed to state to the Board of Directors of Ramar Limited , as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ramar Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ramar Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ramar Limited . You consider that Ramar 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 accounts of Ramar 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 accounts.
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2020
2019
Notes
£
£
Fixed assets
Current assets
Inventories
Cash at bank and in hand
Net current (liabilities)/assets
(52,903 )
Net (liabilities)/assets
(52,049 )
Capital and reserves
Called up share capital
Profit and loss account
(52,149 )
Shareholders' funds
(52,049 )
The financial statements were approved by the Board and authorised for issue on 28 January 2021 and were signed on its behalf by
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1
Statutory information
2
Compliance with accounting standards
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
Presentation currency
Tangible fixed assets and depreciation
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Turnover
Going concern
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4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2019
Additions
At 31 March 2020
Depreciation
At 1 April 2019
Charge for the year
At 31 March 2020
Net book value
At 31 March 2020
At 31 March 2019
5
Debtors
2020
2019
£
£
Trade debtors
Other debtors
6
Creditors: amounts falling due within one year
2020
2019
£
£
VAT
Trade creditors
Taxes and social security
Other creditors
Loans from directors
Accruals
7
Transactions with related parties
8
Average number of employees
During the year the average number of employees was 1 (2019: 1 ).
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