Welshpool Radio Communications Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03462165 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

WELSHPOOL RADIO COMMUNICATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Wainhouse

SECRETARY:

Mrs J Wainhouse

REGISTERED OFFICE:

Unit 2 Village Workshops

Talerddig Road

Llanerfyl

Nr Welshpool

Powys

SY21 0HN

REGISTERED NUMBER:

03462165 (England and Wales)

ACCOUNTANTS:

D.J. Beer & Co

335 Jockey Road

Sutton Coldfield

West Midlands

B73 5XE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

12,471

-

12,471

CURRENT ASSETS

Stocks

-

300

Debtors

6

273

1,539

Cash at bank

7,960

2,835

8,233

4,674

CREDITORS

Amounts falling due within one year

7

4,232

2,805

NET CURRENT ASSETS

4,001

1,869

TOTAL ASSETS LESS CURRENT LIABILITIES

4,001

14,340

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

3,991

14,330

SHAREHOLDERS' FUNDS

4,001

14,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 26 April 2021 and were signed by:

G Wainhouse - Director

1.	STATUTORY INFORMATION

Welshpool Radio Communications Ltd 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 in 2003, is being amortised evenly over its estimated useful life of fifteen years.

The company acquired an additional business in 2010 and is being amortised evenly over its estimated life of ten years.

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

20,000

Disposals

(20,000

)

At 31 March 2021

-

AMORTISATION

At 1 April 2020

20,000

Eliminated on disposal

(20,000

)

At 31 March 2021

-

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

35,989

Disposals

(35,989

)

At 31 March 2021

-

DEPRECIATION

At 1 April 2020

23,518

Eliminated on disposal

(23,518

)

At 31 March 2021

-

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

12,471

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

273

-

Other debtors

-

1,539

273

1,539

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

118

151

Taxation and social security

4,114

2,599

Other creditors

-

55

4,232

2,805