Ramar Ltd,Ltd - Accounts

Ramar Ltd,Ltd - Accounts

RAMAR LIMITED - Company Information

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2015-04-01 02897947 2016-03-31 02897947 2015-04-01 2016-03-31 02897947 2015-03-31 02897947 2014-04-01 2015-03-31 02897947 uk-core:WithinOneYear 2015-03-31 02897947 uk-core:WithinOneYear 2016-03-31 02897947 uk-core:ShareCapital 2016-03-31 02897947 uk-core:ShareCapital 2015-03-31 02897947 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 02897947 uk-core:RetainedEarningsAccumulatedLosses 2015-03-31 02897947 uk-bus:Director1 2015-04-01 2016-03-31 02897947 uk-core:PlantMachinery 2015-04-01 2016-03-31 02897947 uk-core:ToolsEquipment 2015-04-01 2016-03-31 02897947 uk-core:MotorCars 2015-04-01 2016-03-31 02897947 uk-core:FurnitureFittings 2015-04-01 2016-03-31 02897947 uk-core:ToolsEquipment 2015-03-31 02897947 uk-core:FurnitureFittings 2015-03-31 02897947 uk-core:MotorCars 2015-03-31 02897947 uk-core:PlantMachinery 2015-03-31 02897947 uk-core:MotorCars 2016-03-31 02897947 uk-core:FurnitureFittings 2016-03-31 02897947 uk-core:ToolsEquipment 2016-03-31 02897947 uk-core:PlantMachinery 2016-03-31 iso4217:GBP 02897947 uk-bus:AuditExemptWithAccountantsReport 2015-04-01 2016-03-31 02897947 uk-bus:FRS102 2015-04-01 2016-03-31 02897947 uk-bus:FullAccounts 2015-04-01 2016-03-31 02897947 uk-bus:PrivateLimitedCompanyLtd 2015-04-01 2016-03-31
Ramar Ltd
Registered Number:02897947
For the year ended 31 March 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2016
Ramar Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 March 2016
Ramar Ltd
Statement of Financial Position
Registered Number :
02897947
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
5,066
7,445
2
5,066
7,445
Current assets
Inventories
1,530
1,545
Trade and other receivables
36,749
36,811
3
32,444
Cash and cash equivalents
14,938
53,294
70,723
Trade and other payables: amounts falling due within one
year
(48,370)
(49,779)
4
22,353
3,515
Net current assets
Total assets less current liabilities
8,581
29,798
8,581
Net assets
29,798
Capital and reserves
Called up share capital
100
100
Retained earnings
8,481
29,698
8,581
29,798
Shareholders' funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mrs L.M.Diggins Director
These financial statements were approved and authorised for issue by the Board on 06 December 2016 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2016
Ramar Ltd
Notes to the Financial Statements
Statutory Information
Ramar Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
02897947.
Principal place of business:
Beacon Hill Farm
Kelvedon Hall Lane Kelvedon Hatch
Brentwood
Essex
CM14 5TL
Registered address:
103 High Street
Waltham Cross
Herts
EN8 7AN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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 basis:
Plant and machinery
10% Straight line
33 1/3% Straight line
Computer equipment
15% Straight line
Motor vehicles
10% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 March 2016
Ramar Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2015
32,505
4,656
4,945
1,775
21,129
At 31 March 2016
1,775
4,945
4,656
32,505
21,129
Provision for depreciation and impairment
At 01 April 2015
25,060
4,655
4,944
1,209
14,252
Charge for year
2,379
-
-
266
2,113
At 31 March 2016
27,439
4,655
4,944
1,475
16,365
At 31 March 2016
Net book value
4,764
300
1
1
5,066
At 31 March 2015
6,877
566
1
1
7,445
3. Trade and other receivables
2015
2016
£
£
Trade debtors
36,811
36,749
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
6,461
2,705
Taxation and social security
405
12,152
Accruals and deferred income
1,680
2,154
Directors' current accounts
39,956
28,459
Other creditors
1,277
2,900
49,779
48,370
5. Related party transactions
The company was under the control of Mrs L.M.Diggins throughout the current period. Mrs L.M.Diggins is personally
interested in 75%of the company's share capital. In addition, her husband Mr.R.Diggins is in control of a further 25%
of the company's issued share capital.
3 of 4
6
For the year ended 31 March 2016
Ramar Ltd
Notes to the Financial Statements Continued
4 of 4