J. M. Ranger Limited 31/10/2022 iXBRL

J. M. RANGER LIMITED - Company Information

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Company registration number: 6026583

J. M. Ranger Limited

Unaudited filleted financial statements

31 October 2022

J. M. Ranger Limited

Contents

Directors and other information

Accountant's report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

J. M. Ranger Limited

Directors and other information


Directors	Mr Geoffrey Samuel Lewis
	Mr Martin Harold Brown
	Mr Christopher Weston	(Appointed 1 November 2022)
	Mrs Julie Weston	(Appointed 1 November 2022)


Secretary	Mr Paul E Hipwell


Company number	6026583


Registered office	The Windings. Unit 4 Brunel Business Park.
	Jessop Close
	Newark
	Nottinghamshire
	NG24 2AG


Business address	16 Kingsley Street
	Leicester
	LE2 6DL


Accountant	JSB Accountancy
	The Windings. Unit 4 Brunel Business Park.
	Jessop Close
	Newark
	Nottinghamshire
	NG24 2AG

J. M. Ranger Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of J. M. Ranger Limited

Period ended 31 October 2022

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of J. M. Ranger Limited for the period ended 31 October 2022 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of J. M. Ranger Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of J. M. Ranger Limited and state those matters that we have agreed to state to the board of directors of J. M. Ranger Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than J. M. Ranger Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that J. M. Ranger Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J. M. Ranger Limited. You consider that J. M. Ranger Limited is exempt from the statutory audit requirement for the period.

I have not been instructed to carry out an audit or a review of the financial statements of J. M. Ranger Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

JSB Accountancy

Chartered Certified Accountants

The Windings. Unit 4 Brunel Business Park.

Jessop Close

Newark

Nottinghamshire

NG24 2AG

28 July 2023

J. M. Ranger Limited

Statement of financial position

31 October 2022

		31/10/22		31/03/22
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	-		1,926
		_______		_______
			-		1,926

Current assets
Stocks		-		600
Debtors	7	15,693		18,320
Cash at bank and in hand		10,529		57,556
		_______		_______
		26,222		76,476
Creditors: amounts falling due
within one year	8	( 8,720)		( 16,574)
		_______		_______
Net current assets			17,502		59,902
			_______		_______
Total assets less current liabilities			17,502		61,828


Provisions for liabilities			-		( 365)

			_______		_______
Net assets			17,502		61,463
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			17,402		61,363
			_______		_______
Shareholders funds			17,502		61,463
			_______		_______

For the period ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 28 July 2023 , and are signed on behalf of the board by:

Mr Geoffrey Samuel Lewis

Director

Company registration number: 6026583

J. M. Ranger Limited

Statement of changes in equity

Period ended 31 October 2022

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2021	100	56,183	56,283

(Loss)/profit for the period		5,180	5,180
	_______	_______	_______
Total comprehensive income for the period	-	5,180	5,180

	_______	_______	_______
At 31 March 2022 and 1 April 2022	100	61,363	61,463

(Loss)/profit for the period		( 43,961)	( 43,961)
	_______	_______	_______
Total comprehensive income for the period	-	( 43,961)	( 43,961)

	_______	_______	_______
At 31 October 2022	100	17,402	17,502
	_______	_______	_______

J. M. Ranger Limited

Notes to the financial statements

Period ended 31 October 2022

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is JSB Accountancy, The Windings. Unit 4 Brunel Business Park., Jessop Close, Newark, Nottinghamshire, NG24 2AG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2022	15,000	15,000
Disposals	(15,000)	(15,000)
	_______	_______
At 31 October 2022	-	-
	_______	_______
Amortisation
At 1 April 2022	15,000	15,000
Disposals	( 15,000)	( 15,000)
	_______	_______
At 31 October 2022	-	-
	_______	_______
Carrying amount
At 31 October 2022	-	-
	_______	_______
At 31 March 2022	-	-
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2022	8,300	1,647	1,458	11,405
Disposals	( 8,300)	( 1,647)	( 1,458)	( 11,405)
	_______	_______	_______	_______
At 31 October 2022	-	-	-	-
	_______	_______	_______	_______
Depreciation
At 1 April 2022	7,126	957	1,396	9,479
Charge for the year	97	57	12	166
Disposals	( 7,223)	( 1,014)	( 1,408)	( 9,645)
	_______	_______	_______	_______
At 31 October 2022	-	-	-	-
	_______	_______	_______	_______
Carrying amount
At 31 October 2022	-	-	-	-
	_______	_______	_______	_______
At 31 March 2022	1,174	690	62	1,926
	_______	_______	_______	_______

7. Debtors

	31/10/22	31/03/22
	£	£
Trade debtors	5,617	16,960
Other debtors	10,076	1,360
	_______	_______
	15,693	18,320
	_______	_______

8. Creditors: amounts falling due within one year

	31/10/22	31/03/22
	£	£
Trade creditors	242	2,923
Corporation tax	1,269	1,269
Social security and other taxes	1,877	2,474
Other creditors	5,332	9,908
	_______	_______
	8,720	16,574
	_______	_______