Refresh West Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 05870428 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

REFRESH WEST LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

J S Andrews

M J Cranney

J R Mallett

M P Mallett

SECRETARY:

M J Cranney

REGISTERED OFFICE:

Unit 2, St Martins Court

Cole Road

Bristol

BS2 0UA

REGISTERED NUMBER:

05870428 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Refresh West Limited for the year ended 31 December 2016 which comprise the

Income Statement, Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Refresh West Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Refresh West Limited and state those matters that we have agreed to state to the Board of Directors of Refresh West Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Refresh West Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Refresh West 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 profit of Refresh West Limited. You consider that Refresh West Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Refresh West Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

25 May 2017

FIXED ASSETS

Tangible assets

4

3,423

5,149

CURRENT ASSETS

Stocks

2,036

2,252

Debtors

5

83,362

51,074

Cash at bank and in hand

35,139

15,763

120,537

69,089

CREDITORS

Amounts falling due within one year

6

69,210

47,710

NET CURRENT ASSETS

51,327

21,379

TOTAL ASSETS LESS CURRENT LIABILITIES

54,750

26,528

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

54,650

26,428

SHAREHOLDERS' FUNDS

54,750

26,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 May 2017 and were signed on its behalf by:

J S Andrews - Director

1.	STATUTORY INFORMATION

Refresh West 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 the provisions of Section 1A "Small Entities" 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 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

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of

financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each

reporting period for objective evidence of impairment. If objective evidence of impairment is found, an

impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference

between an asset's carrying amount and the present value of estimated cash flows discounted at the

asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the

difference between an asset's carrying amount and the best estimate, which is an approximation, of

the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there

is an enforceable right to set off the recognised amounts and there is an intention to settle on a net

basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2015 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

Office

and

Motor

machinery

equipment

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2016

2,190

1,034

17,329

1,600

22,153

Additions

-

650

-

-

650

Disposals

-

-

(3,400

)

-

(3,400

)

At 31 December 2016

2,190

1,684

13,929

1,600

19,403

DEPRECIATION

At 1 January 2016

1,414

649

14,016

925

17,004

Charge for year

194

259

519

169

1,141

Eliminated on disposal

-

-

(2,165

)

-

(2,165

)

At 31 December 2016

1,608

908

12,370

1,094

15,980

NET BOOK VALUE

At 31 December 2016

582

776

1,559

506

3,423

At 31 December 2015

776

385

3,313

675

5,149

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

48,448

40,468

Other debtors

34,914

10,606

83,362

51,074

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

32,766

21,102

Taxation and social security

33,155

25,219

Other creditors

3,289

1,389

69,210

47,710

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary Shares

£1

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2016

and the period ended 31 December 2015:

2016

2015

£

£

J R Mallett

Balance outstanding at start of year

1,751

3,749

Amounts advanced

7,000

5,500

Amounts repaid

(2,500

)

(7,498

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,251

1,751

J S Andrews

Balance outstanding at start of year

2,249

(251

)

Amounts advanced

42,000

9,500

Amounts repaid

(37,500

)

(7,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,749

2,249

M J Cranney

Balance outstanding at start of year

2,249

(251

)

Amounts advanced

7,000

9,500

Amounts repaid

(2,500

)

(7,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,749

2,249

M P Mallett

Balance outstanding at start of year

2,049

(251

)

Amounts advanced

7,000

9,300

Amounts repaid

(2,500

)

(7,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,549

2,049

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J S Andrews.