Randleford Ltd - Accounts to registrar - small 17.2
Randleford Ltd - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 January 2017 |
| for |
| Randleford Ltd |
| Randleford Ltd (Registered number: 05032626) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Randleford Ltd |
| Company Information |
| for the Year Ended 31 January 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| Randleford Ltd (Registered number: 05032626) |
| Balance Sheet |
| 31 January 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| Randleford Ltd (Registered number: 05032626) |
| Balance Sheet - continued |
| 31 January 2017 |
| 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. |
| 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 |
| Randleford Ltd (Registered number: 05032626) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2017 |
| 1. | STATUTORY INFORMATION |
| Randleford Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 has been written off in equal annual instalments over its estimated economic life of 5 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 |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Randleford Ltd (Registered number: 05032626) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 3. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual |
| provisions of the instruments. |
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in |
| effect, 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. |
| Other financial instruments 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. 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. |
| 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. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Randleford Ltd (Registered number: 05032626) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 February 2016 |
| Disposals | ( |
) |
| At 31 January 2017 |
| AMORTISATION |
| At 1 February 2016 |
| Eliminated on disposal | ( |
) |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 January 2017 |
| DEPRECIATION |
| At 1 February 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Randleford Ltd (Registered number: 05032626) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | GOING CONCERN |
| In determining the appropriate basis of preparation of the financial statements, the directors are required to |
| consider whether the company can continue in operational existence for at least the next 12 months. |
| During the year the company made a net profit of £17,953 (2016 - £24,009) and, at the balance sheet date, the |
| company's total liabilities exceeded its total assets by £19,827 (2016 - £37,780). |
| Having made requisite enquires, the directors are confident that the company has adequate resources to continue |
| its operations for the foreseeable future. Part of the company's liabilities are monies due to Mr C Ord and Ms M |
| Baer, shareholders and directors of the company, amounting to £60,593 (2016 - £67,663). They have confirmed |
| that they will not call on these outstanding monies and will continue their support of the business. |
| Following a detailed and comprehensive review of the business, the directors have no reason or intention to |
| liquidate the company or cease its trading activities over the foreseeable future. |
| In conclusion, and considering the areas described above, the directors are confident that the company has |
| adequate resources to continue in operational existence for the foreseeable future. For these reasons, the |
| directors consider it appropriate they continue to prepare the financial statements on a going concern basis. |
| These financial statements do not include any adjustments that would result from the going concern basis of |
| preparation being inappropriate. |