Room Contracts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09009611 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Room Contracts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Crayston

Ms K L Venning

REGISTERED OFFICE:

130 Aztec West

Park Avenue

Almondsbury

Bristol

BS32 4UB

REGISTERED NUMBER:

09009611 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

29,125

49,745

CURRENT ASSETS

Debtors

5

234,399

63,991

Cash at bank

88,092

4,812

322,491

68,803

CREDITORS

Amounts falling due within one year

6

259,396

129,099

NET CURRENT ASSETS/(LIABILITIES)

63,095

(60,296

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,220

(10,551

)

CREDITORS

Amounts falling due after more than one year

7

50,000

-

NET ASSETS/(LIABILITIES)

42,220

(10,551

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

42,120

(10,651

)

SHAREHOLDERS' FUNDS

42,220

(10,551

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2021 and were signed on its behalf by:

Mr J Crayston - Director

1.	STATUTORY INFORMATION

Room Contracts 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2020

7,039

93,421

100,460

Additions

-

4,410

4,410

Disposals

-

(17,779

)

(17,779

)

At 30 April 2021

7,039

80,052

87,091

DEPRECIATION

At 1 May 2020

-

50,715

50,715

Charge for year

-

16,243

16,243

Eliminated on disposal

-

(8,992

)

(8,992

)

At 30 April 2021

-

57,966

57,966

NET BOOK VALUE

At 30 April 2021

7,039

22,086

29,125

At 30 April 2020

7,039

42,706

49,745

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

116,379

52,580

Other debtors

118,020

11,411

234,399

63,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

72,396

2,435

Taxation and social security

115,694

91,545

Other creditors

71,306

35,119

259,396

129,099

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

50,000

-