R TODD & CO LIMITED

R TODD & CO LIMITED

R TODD & CO LIMITED - Company Information

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R TODD & CO LIMITED

Company Registration Number:
SC166502 (Scotland)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

R TODD & CO LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

R TODD & CO LIMITED

Balance sheet

As at 30 June 2022


Notes
2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 15,047 21,428
Investments:   0 0
Total fixed assets: 15,047 21,428
Current assets
Stocks: 39,119 35,591
Debtors: 4 2,151,644 2,148,072
Cash at bank and in hand: 1,551,005 1,241,954
Investments:   0 0
Total current assets: 3,741,768 3,425,617
Creditors: amounts falling due within one year: 5 (2,039,690) (1,824,046)
Net current assets (liabilities): 1,702,078 1,601,571
Total assets less current liabilities: 1,717,125 1,622,999
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 1,717,125 1,622,999
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account:   0
Revaluation reserve: 00
Other reserves: 1,716,125 1,621,999
Shareholders funds: 1,717,125 1,622,999

The notes form part of these financial statements

R TODD & CO LIMITED

Balance sheet statements

For the year ending 30 June 2022 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 06 March 2023
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 2022

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 bu the reporting end due.

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 32 31

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Tangible Assets

Total
Cost £
At 01 July 2021 190,019
At 30 June 2022 190,019
Depreciation
At 01 July 2021 168,591
Charge for year 6,381
At 30 June 2022 174,972
Net book value
At 30 June 2022 15,047
At 30 June 2021 21,428

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 2,151,644 2,148,072

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

5. Creditors: amounts falling due within one year note

£ £Trade Creditors 1863610 1766967Other Taxes & Social Security 52786 24633Accruals 123294 32446Total 2039690 1824046

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

6. Loans to directors

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

7. Related party transactions

Name of the related party: R Todd & Co & Blacketyside Fruits
Relationship:
RH Todd & EE Todd are connected to both businesses
Description of the Transaction: Blacketyside Fruits and R Todd & Co paid £ £200252 to the company during the year. (Balance at 30/6/2022 £213516)
£
Balance at 01 July 2021 413,768
Balance at 30 June 2022 213,516