Radius Export Packing Services Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 06442968 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

RADIUS EXPORT PACKING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

M E Brown

L M Brown

SECRETARY:

M E Brown

REGISTERED OFFICE:

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

REGISTERED NUMBER:

06442968 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings LLP

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Intangible assets

4

5,000

10,000

Tangible assets

5

52,377

52,550

57,377

62,550

CURRENT ASSETS

Stocks

22,244

19,695

Debtors

6

147,299

129,900

Cash at bank and in hand

438,815

306,574

608,358

456,169

CREDITORS

Amounts falling due within one year

7

158,586

89,758

NET CURRENT ASSETS

449,772

366,411

TOTAL ASSETS LESS CURRENT LIABILITIES

507,149

428,961

PROVISIONS FOR LIABILITIES

9,738

9,812

NET ASSETS

497,411

419,149

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

497,311

419,049

SHAREHOLDERS' FUNDS

497,411

419,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 18 May 2017 and were signed on its behalf by:

M E Brown - Director

1.	STATUTORY INFORMATION

Radius Export Packing Services 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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

and 28 February 2017

50,000

AMORTISATION

At 1 March 2016

40,000

Amortisation for year

5,000

At 28 February 2017

45,000

NET BOOK VALUE

At 28 February 2017

5,000

At 29 February 2016

10,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2016

54,064

10,004

48,925

1,048

114,041

Additions

10,147

-

-

2,134

12,281

At 28 February 2017

64,211

10,004

48,925

3,182

126,322

DEPRECIATION

At 1 March 2016

31,516

5,024

24,063

888

61,491

Charge for year

4,904

747

6,216

587

12,454

At 28 February 2017

36,420

5,771

30,279

1,475

73,945

NET BOOK VALUE

At 28 February 2017

27,791

4,233

18,646

1,707

52,377

At 29 February 2016

22,548

4,980

24,862

160

52,550

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

127,625

110,675

Prepayments and accrued income

19,674

19,225

147,299

129,900

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

55,725

10,926

Taxation

20,690

5,638

Social security and other taxes

5,024

4,168

VAT

20,361

25,737

Directors' current accounts

314

314

Accrued expenses

56,472

42,975

158,586

89,758

8.	RELATED PARTY DISCLOSURES

The company occupies land and buildings owned by ME & Mrs AL Brown rent free.

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 Radius Export Packing Services Ltd for the year ended

28 February 2017 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.

Our work has been undertaken in accordance with ICAEW Technical Release 07/16AAF.

Clemence Hoar Cummings LLP

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

18 May 2017