Rayward Installations Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08409886 (England and Wales)

Financial Statements

for the Period

1st March 2021 to 31st March 2022

for

Rayward Installations Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J C Rayward

REGISTERED OFFICE:

7 Bell Yard

London

London

WC2A 2JR

REGISTERED NUMBER:

08409886 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

2 West Street

Henley On Thames

Oxfordshire

RG9 2DU

FIXED ASSETS

Tangible assets

4

2,539

2,979

CURRENT ASSETS

Stocks

5,200

7,890

Debtors

102,712

83,689

Cash at bank

-

8,497

107,912

100,076

CREDITORS

Amounts falling due within one year

57,729

85,229

NET CURRENT ASSETS

50,183

14,847

TOTAL ASSETS LESS CURRENT LIABILITIES

52,722

17,826

CREDITORS

Amounts falling due after more than one year

32,387

17,225

NET ASSETS

20,335

601

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

20,235

501

SHAREHOLDERS' FUNDS

20,335

601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31st March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th April 2022 and were signed by:

J C Rayward - Director

1.	STATUTORY INFORMATION

Rayward Installations Ltd 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

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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.

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 period was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st March 2021

9,655

Additions

415

At 31st March 2022

10,070

DEPRECIATION

At 1st March 2021

6,676

Charge for period

855

At 31st March 2022

7,531

NET BOOK VALUE

At 31st March 2022

2,539

At 28th February 2021

2,979

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st March 2022 and the year ended 28th February 2021:

31.3.22

28.2.21

£

£

J C Rayward

Balance outstanding at start of period

50,571

47,839

Amounts advanced

1,359

9,046

Amounts repaid

(36,175

)

(6,314

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

15,755

50,571