Radius Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10902529 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2021

for

Radius Associates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N J Waumsley

REGISTERED OFFICE:

Unit 14a, Waterside Business Park

Livingstone Road

Hessle

Hull

HU13 0EG

REGISTERED NUMBER:

10902529 (England and Wales)

FIXED ASSETS

Tangible assets

4

333

113

CURRENT ASSETS

Debtors

5

12,197

10,546

Cash at bank

19,615

18,260

31,812

28,806

CREDITORS

Amounts falling due within one year

6

7,706

8,281

NET CURRENT ASSETS

24,106

20,525

TOTAL ASSETS LESS CURRENT LIABILITIES

24,439

20,638

PROVISIONS FOR LIABILITIES

64

22

NET ASSETS

24,375

20,616

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

24,275

20,516

SHAREHOLDERS' FUNDS

24,375

20,616

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2022 and were signed by:

N J Waumsley - Director

1.	STATUTORY INFORMATION

Radius Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax.

Revenue Recognition

Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2020

3,267

Additions

352

At 31 August 2021

3,619

DEPRECIATION

At 1 September 2020

3,154

Charge for year

132

At 31 August 2021

3,286

NET BOOK VALUE

At 31 August 2021

333

At 31 August 2020

113

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade debtors

10,500

9,060

Other debtors

480

240

Prepayments and accrued income

1,217

1,246

12,197

10,546

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Corporation tax

4,131

3,892

VAT

2,523

1,757

Other creditors

49

1,179

Director's current account

158

658

Accrued expenses

845

795

7,706

8,281

7.	RELATED PARTY DISCLOSURES

31.8.21

31.8.20

Expenses recharged from the related parties

1,129

1,982

Balance owing to related parties at the year-end

49

1,179

Expenses paid on behalf of related parties

-

240

Related parties are companies under the same common control.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J Waumsley.