Ray Coates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05245322 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Ray Coates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V S Coates

R S Coates

REGISTERED OFFICE:

6 Fitzwilliam Road

Clapham

London

Greater London

SW4 0DN

REGISTERED NUMBER:

05245322 (England and Wales)

ACCOUNTANTS:

Aidos Accounting Limited

Suite 2, Rauter House

Sybron Way

Jarvis Brook

Crowborough

East Sussex

TN6 3DZ

FIXED ASSETS

Tangible assets

4

-

7,323

CURRENT ASSETS

Debtors

5

40,502

43,466

Cash at bank

31,790

21,644

72,292

65,110

CREDITORS

Amounts falling due within one year

6

4,910

26,159

NET CURRENT ASSETS

67,382

38,951

TOTAL ASSETS LESS CURRENT LIABILITIES

67,382

46,274

CREDITORS

Amounts falling due after more than one year

7

40,000

-

NET ASSETS

27,382

46,274

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,282

46,174

SHAREHOLDERS' FUNDS

27,382

46,274

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 December 2021 and were signed on its behalf by:

R S Coates - Director

Mrs V S Coates - Director

1.	STATUTORY INFORMATION

Ray Coates 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

35,543

DEPRECIATION

At 1 April 2020

28,220

Charge for year

7,323

At 31 March 2021

35,543

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

7,323

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

-

23,071

Other debtors

40,502

20,395

40,502

43,466

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Taxation and social security

4,910

23,360

Other creditors

-

2,799

4,910

26,159

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

40,000

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21

31.3.20

£

£

Mrs V S Coates

Balance outstanding at start of year

10,000

-

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

R S Coates

Balance outstanding at start of year

10,000

-

Amounts repaid

(40,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

502

10,000