R TODD & CO LIMITED

R TODD & CO LIMITED

R TODD & CO LIMITED - Company Information

Print Friendly Version

R TODD & CO LIMITED

Company Registration Number:
SC166502 (Scotland)

Unaudited abridged accounts for the year ended 30 June 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

R TODD & CO LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2020

Balance sheet
Notes

R TODD & CO LIMITED

Balance sheet

As at 30 June 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 25 25
Total fixed assets: 25 25
Current assets
Stocks: 31,804 36,146
Debtors: 4 2,185,935 2,071,197
Cash at bank and in hand: 923,981 696,302
Total current assets: 3,141,720 2,803,645
Creditors: amounts falling due within one year:   (1,616,466) (1,424,720)
Net current assets (liabilities): 1,525,254 1,378,925
Total assets less current liabilities: 1,525,279 1,378,950
Total net assets (liabilities): 1,525,279 1,378,950
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,524,279 1,377,950
Shareholders funds: 1,525,279 1,378,950

The notes form part of these financial statements

R TODD & CO LIMITED

Balance sheet statements

For the year ending 30 June 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 March 2021
and signed on behalf of the board by:

Name: EE Todd
Status: Director

The notes form part of these financial statements

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Equipment - 25% straight lineFixtures & Fittings - 25% straight line

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value after making due allowances for obsolete and slow moving stocks. TaxationCurrent taxThe tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

2. Employees

2020 2019
Average number of employees during the period 33 35

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

3. Tangible Assets

Total
Cost £
At 01 July 2019 164,494
At 30 June 2020 164,494
Depreciation
At 01 July 2019 164,469
At 30 June 2020 164,469
Net book value
At 30 June 2020 25
At 30 June 2019 25

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 2,185,935 2,071,197

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

5. Related party transactions

Blacketyside Fruits and R Todd & Co paid £23037 to the company (Balance at 30/6/20- £648306). RH Todd & EE Todd are connected parties of both businesses.