RatwareUK Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08243647 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2021

for

RATWAREUK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr M Buck

Registered office:

20-22 Wenlcok Road

London

N1 7GY

Registered number:

08243647 (England and Wales)

Accountants:

NR Barton

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

CURRENT ASSETS

Debtors

4

100,420

78,096

Cash at bank

-

26,829

100,420

104,925

CREDITORS

Amounts falling due within one year

5

75,710

58,782

NET CURRENT ASSETS

24,710

46,143

TOTAL ASSETS LESS CURRENT LIABILITIES

24,710

46,143

CREDITORS

Amounts falling due after more than one year

6

40,125

45,833

NET (LIABILITIES)/ASSETS

(15,415

)

310

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(15,417

)

308

SHAREHOLDERS' FUNDS

(15,415

)

310

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 June 2022 and were signed by:

Mr M Buck - Director

1.	STATUTORY INFORMATION

RatwareUK 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade debtors

14,976

10,869

Other debtors

85,444

67,227

100,420

78,096

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Bank loans and overdrafts

15,366

4,167

Trade creditors

7,739

2,509

Taxation and social security

50,255

48,106

Other creditors

2,350

4,000

75,710

58,782

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.21

31.10.20

£

£

Bank loans

40,125

45,833

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.10.21

31.10.20

value:

£

£

2

Share capital 1

1

2

2

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2021 and 31 October 2020:

31.10.21

31.10.20

£

£

Mr M Buck

Balance outstanding at start of year

67,227

35,963

Amounts advanced

38,848

62,239

Amounts repaid

(20,632

)

(30,975

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

85,443

67,227

The overdrawn directors loan account was fully repaid within 9 months.