R&R Commercial (UK) Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: 07411694 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2017

for

R&R Commercial (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Nagpal

Mrs R S Nagpal

REGISTERED OFFICE:

7 Morston Court

Aisecombe Way

Weston-super-Mare

Somerset

BS22 8NG

REGISTERED NUMBER:

07411694 (England and Wales)

ACCOUNTANTS:

Atkins & Co Chartered Accountants

7 Morston Court

Aisecombe Way

Weston Super Mare

Somerset

BS22 8NG

FIXED ASSETS

Intangible assets

4

137,417

29,600

Tangible assets

5

89,207

63,401

226,624

93,001

CURRENT ASSETS

Stocks

144,207

84,380

Debtors

6

9,462

3,000

Cash at bank and in hand

22,332

30,641

176,001

118,021

CREDITORS

Amounts falling due within one year

7

116,630

67,034

NET CURRENT ASSETS

59,371

50,987

TOTAL ASSETS LESS CURRENT LIABILITIES

285,995

143,988

CREDITORS

Amounts falling due after more than one year

8

285,789

140,555

NET ASSETS

206

3,433

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

204

3,431

SHAREHOLDERS' FUNDS

206

3,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 31 May 2017 and were signed on its behalf by:

R Nagpal - Director

Mrs R S Nagpal - Director

1.	STATUTORY INFORMATION

R&R Commercial (UK) 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 2014, 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 etc

-

33% on cost and 20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2016

37,000

Additions

123,908

At 31 January 2017

160,908

AMORTISATION

At 1 February 2016

7,400

Charge for year

16,091

At 31 January 2017

23,491

NET BOOK VALUE

At 31 January 2017

137,417

At 31 January 2016

29,600

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2016

1,657

65,818

67,475

Additions

3,624

30,265

33,889

At 31 January 2017

5,281

96,083

101,364

DEPRECIATION

At 1 February 2016

-

4,074

4,074

Charge for year

-

8,083

8,083

At 31 January 2017

-

12,157

12,157

NET BOOK VALUE

At 31 January 2017

5,281

83,926

89,207

At 31 January 2016

1,657

61,744

63,401

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Other debtors

9,462

3,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans and overdrafts

38,613

27,193

Trade creditors

67,293

37,829

Taxation and social security

6,202

604

Other creditors

4,522

1,408

116,630

67,034

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans

156,231

83,648

Other creditors

129,558

56,907

285,789

140,555

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the company owed it's directors R Nagpal and Ms R Sahney £129,558 (2016:

£56,907). During the year the company voted dividends of £15,000 to each of its directors R Nagpal and R

Sahney.

10.	ULTIMATE CONTROLLING PARTY

During the year the company was jointly controlled by it's directors, R Nagpal and Ms R Sahney, who both own

one share each of the total issued share capital.