robinson+co (Gosforth) Limited 31/03/2022 iXBRL

robinson+co (Gosforth) Limited 31/03/2022 iXBRL

ROBINSON+CO (GOSFORTH) LIMITED - Company Information

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31/03/2022 2022-03-31 false false false false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2021-04-01 Sage Accounts Production 21.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 08088245 2021-04-01 2022-03-31 08088245 2022-03-31 08088245 2021-03-31 08088245 2020-04-01 2021-03-31 08088245 2021-03-31 08088245 core:NetGoodwill 2021-04-01 2022-03-31 08088245 core:PlantMachinery 2021-04-01 2022-03-31 08088245 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 08088245 bus:Director4 2021-04-01 2022-03-31 08088245 core:NetGoodwill 2022-03-31 08088245 core:LandBuildings core:OwnedOrFreeholdAssets 2021-03-31 08088245 core:PlantMachinery 2021-03-31 08088245 core:FurnitureFittingsToolsEquipment 2021-03-31 08088245 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 08088245 core:PlantMachinery 2022-03-31 08088245 core:FurnitureFittingsToolsEquipment 2022-03-31 08088245 core:WithinOneYear 2022-03-31 08088245 core:WithinOneYear 2021-03-31 08088245 core:AfterOneYear 2022-03-31 08088245 core:AfterOneYear 2021-03-31 08088245 core:ShareCapital 2022-03-31 08088245 core:ShareCapital 2021-03-31 08088245 core:RetainedEarningsAccumulatedLosses 2022-03-31 08088245 core:RetainedEarningsAccumulatedLosses 2021-03-31 08088245 core:LandBuildings core:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 08088245 core:NetGoodwill 2021-03-31 08088245 core:LandBuildings core:OwnedOrFreeholdAssets 2021-03-31 08088245 core:PlantMachinery 2021-03-31 08088245 core:FurnitureFittingsToolsEquipment 2021-03-31 08088245 bus:SmallEntities 2021-04-01 2022-03-31 08088245 bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 08088245 bus:FullAccounts 2021-04-01 2022-03-31 08088245 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 08088245 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Company registration number: 08088245
robinson+co (Gosforth) Limited
Trading as robinson+co
Unaudited financial statements
For the year ended
31 March 2022
robinson+co (Gosforth) Limited
Statement of financial position
31 March 2022
2022 2021
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 73,671 80,938
________ ________
73,671 80,938
Current assets
Stocks 1,974 1,698
Debtors 6 365,387 300,593
Cash at bank and in hand 63,281 63,229
________ ________
430,642 365,520
Creditors: amounts falling due
within one year 7 ( 202,555) ( 156,658)
________ ________
Net current assets 228,087 208,862
________ ________
Total assets less current liabilities 301,758 289,800
Creditors: amounts falling due
after more than one year 8 ( 23,043) ( 30,471)
Provisions for liabilities
Deferred taxation ( 1,659) ( 2,311)
________ ________
Net assets 277,056 257,018
________ ________
Capital and reserves
Called up share capital 1 1
Profit and loss account 277,055 257,017
________ ________
Shareholders funds 277,056 257,018
________ ________
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial accounts for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial accounts.
These financial accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial accounts were approved by the board of directors and authorised for issue on 20 December 2022 , and are signed on behalf of the board by:
Mr P E Ellwood
Director
Company registration number: 08088245
robinson+co (Gosforth) Limited
Notes to the financial accounts
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is robinson+co (Gosforth) Limited, Oxford Chambers, New Oxford Street, Workington, CA14 2LR.
2. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover consists of the sales value, excluding VAT, of all work done in the period under contracts to supply goods and services to third parties. It includes the relevant proportion of contract values where work is partially performed in the period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 25 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible fixed assets are included at cost less depreciation and impairment.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.Grants received have been accounted for using the accrual model.Under the accrual model, government grants relating to revenue are recognised on a systemtic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Deferred taxation
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in comprehensive income when due.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2021: 6 ).
4. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2021 and 31 March 2022 281,979 281,979
________ ________
Amortisation
At 1 April 2021 and 31 March 2022 281,979 281,979
________ ________
Carrying amount
At 31 March 2022 - -
________ ________
At 31 March 2021 - -
________ ________
5. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 April 2021 and 31 March 2022 79,852 24,343 8,265 112,460
________ ________ ________ ________
Depreciation
At 1 April 2021 11,077 14,379 6,066 31,522
Charge for the year 1,738 5,200 329 7,267
________ ________ ________ ________
At 31 March 2022 12,815 19,579 6,395 38,789
________ ________ ________ ________
Carrying amount
At 31 March 2022 67,037 4,764 1,870 73,671
________ ________ ________ ________
At 31 March 2021 68,775 9,964 2,199 80,938
________ ________ ________ ________
6. Debtors
2022 2021
£ £
Trade debtors 214,263 144,864
Other debtors 151,124 155,729
________ ________
365,387 300,593
________ ________
7. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loan (secured) 7,390 7,300
Trade creditors 6,173 5,863
Taxation and social security 85,291 89,393
Other creditors 103,701 54,102
________ ________
202,555 156,658
________ ________
8. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loan (secured) 23,043 30,471
________ ________
The bank loan is secured on the Company's freehold property.
9. Controlling party
The company is a wholly owned subsidiary of robinson+co (Cumbria) Limited whose registered office is Oxford Chambers, New Oxford Street, Workington, CA14 2LR