R&K Glossop Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09564148 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2022

for

R&K Glossop Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Glossop

Mrs K Glossop

REGISTERED OFFICE:

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

REGISTERED NUMBER:

09564148 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Property, plant and equipment

4

5,194

6,705

CURRENT ASSETS

Debtors

5

12,779

11,778

Cash at bank

24,336

25,663

37,115

37,441

CREDITORS

Amounts falling due within one year

6

(40,619

)

(38,535

)

NET CURRENT LIABILITIES

(3,504

)

(1,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,690

5,611

PROVISIONS FOR LIABILITIES

(987

)

(1,274

)

NET ASSETS

703

4,337

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

603

4,237

SHAREHOLDERS' FUNDS

703

4,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 22 June 2022 and were signed on its behalf by:

Mr R Glossop - Director

1.	STATUTORY INFORMATION

R&K Glossop 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

Revenue 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.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2021 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

17,881

DEPRECIATION

At 1 May 2021

11,176

Charge for year

1,511

At 30 April 2022

12,687

NET BOOK VALUE

At 30 April 2022

5,194

At 30 April 2021

6,705

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

12,779

6,146

Amounts recoverable on contract

-

5,632

12,779

11,778

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

9,084

9,225

Other creditors

31,535

29,310

40,619

38,535

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

At the year end date a balance of £5,974 was owed by the company to Mr R & Mrs K Glossop. (2021: £10,047).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr R and Mrs K Glossop by virtue of their directorship and ownership of 100% of the issued share capital of the company.