RAMSAY TODD LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08300064 (England and Wales)

Financial Statements

for the Year Ended 31st December 2021

for

RAMSAY TODD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs W Sutherland

M R Sutherland

REGISTERED OFFICE:

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

REGISTERED NUMBER:

08300064 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

BANKERS:

Lloyds TSB

68 High Street

Hoddesdon

Hertfordshire

EN11 8EZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,768

2,333

1,768

2,333

CURRENT ASSETS

Debtors

6

8,374

9,013

Cash at bank

60,895

59,473

69,269

68,486

CREDITORS

Amounts falling due within one year

7

34,178

37,638

NET CURRENT ASSETS

35,091

30,848

TOTAL ASSETS LESS CURRENT LIABILITIES

36,859

33,181

PROVISIONS FOR LIABILITIES

336

443

NET ASSETS

36,523

32,738

CAPITAL AND RESERVES

Called up share capital

8

120

120

Retained earnings

36,403

32,618

SHAREHOLDERS' FUNDS

36,523

32,738

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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 19th April 2022 and were signed on its behalf by:

Mrs W Sutherland - Director

1.	STATUTORY INFORMATION

RAMSAY TODD LIMITED 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 2013, is being amortised evenly over its estimated useful life of two 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.

Computer equipment

-

25% on reducing balance

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 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.

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 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2021

and 31st December 2021

10,000

AMORTISATION

At 1st January 2021

and 31st December 2021

10,000

NET BOOK VALUE

At 31st December 2021

-

At 31st December 2020

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2021

and 31st December 2021

4,850

DEPRECIATION

At 1st January 2021

2,517

Charge for year

565

At 31st December 2021

3,082

NET BOOK VALUE

At 31st December 2021

1,768

At 31st December 2020

2,333

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/21

31/12/20

£

£

Trade debtors

7,727

8,548

Prepayments

647

465

8,374

9,013

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/21

31/12/20

£

£

Trade creditors

862

1,045

Tax

9,309

7,090

VAT

2,113

3,924

Directors' current accounts

20,164

24,164

Accrued expenses

1,730

1,415

34,178

37,638

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/21

31/12/20

value:

£

£

100

Ordinary

£1

100

100

20

'A' Ordinary

£1

20

20

120

120

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs W Sutherland.