Radnor Oak Limited,Ltd - AccountsLtd - Accounts

RADNOR OAK LIMITED - Company Information

2016-07-01 09045205 2017-06-30 09045205 2016-07-01 2017-06-30 09045205 2016-06-30 09045205 2015-07-01 2016-06-30 09045205 uk-core:WithinOneYear 2016-06-30 09045205 uk-core:WithinOneYear 2017-06-30 09045205 uk-core:AfterOneYear 2016-06-30 09045205 uk-core:AfterOneYear 2017-06-30 09045205 uk-core:ShareCapital 2017-06-30 09045205 uk-core:ShareCapital 2016-06-30 09045205 uk-core:RetainedEarningsAccumulatedLosses 2017-06-30 09045205 uk-core:RetainedEarningsAccumulatedLosses 2016-06-30 09045205 uk-bus:Director1 2016-07-01 2017-06-30 09045205 uk-core:NetGoodwill 2016-07-01 2017-06-30 09045205 uk-core:LeaseholdImprovements 2016-07-01 2017-06-30 09045205 uk-core:PlantMachinery 2016-07-01 2017-06-30 09045205 uk-core:CommercialMotorVehicles 2016-07-01 2017-06-30 09045205 uk-core:FurnitureFittings 2016-07-01 2017-06-30 09045205 uk-core:Goodwill 2016-06-30 09045205 uk-core:Goodwill 2017-06-30 09045205 uk-core:Goodwill 2016-07-01 2017-06-30 09045205 uk-core:FurnitureFittings 2016-06-30 09045205 uk-core:CommercialMotorVehicles 2016-06-30 09045205 uk-core:PlantMachinery 2016-06-30 09045205 uk-core:LeaseholdImprovements 2016-06-30 09045205 uk-core:PlantMachinery 2017-06-30 09045205 uk-core:CommercialMotorVehicles 2017-06-30 09045205 uk-core:FurnitureFittings 2017-06-30 09045205 uk-core:LeaseholdImprovements 2017-06-30 09045205 uk-core:WithinOneYear uk-core:Secured 2017-06-30 09045205 uk-core:WithinOneYear uk-core:Secured 2016-06-30 09045205 uk-core:WithinOneYear 2016-07-01 2017-06-30 09045205 uk-core:BetweenTwoFiveYears 2017-06-30 iso4217:GBP 09045205 uk-bus:AuditExemptWithAccountantsReport 2016-07-01 2017-06-30 09045205 uk-bus:FRS102 2016-07-01 2017-06-30 09045205 uk-bus:FullAccounts 2016-07-01 2017-06-30 09045205 uk-bus:PrivateLimitedCompanyLtd 2016-07-01 2017-06-30

Radnor Oak Limited

Registered Number:09045205

For the year ended 30 June 2017

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2017

Radnor Oak Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 June 2017

Radnor Oak Limited

Statement of Financial Position

Registered Number :

09045205

2016

2017

Notes

Fixed assets

Intangible assets

120,000

130,000

Property, plant and equipment

49,916

54,295

169,916

184,295

Current assets

Trade and other receivables

19,009

46,371

69,780

Cash and cash equivalents

33,942

80,313

88,789

Trade and other payables: amounts falling due within one

year

(127,010)

(106,346)

(38,221)

(26,033)

Net current liabilities

Total assets less current liabilities

143,883

146,074

Trade and other payables: amounts falling due after more

than one year

(75,222)

(45,807)

(8,161)

(9,388)

Provisions for liabilities

89,915

Net assets

61,464

Capital and reserves

Called up share capital

Retained earnings

89,913

61,462

89,915

61,464

Shareholders' funds

For the year ended 30 June 2017 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 30 June 2017 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.

AW Tyler Director

These financial statements were approved and authorised for issue by the Board on 18 October 2017 and were signed by:

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For the year ended 30 June 2017

Radnor Oak Limited

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 30 June 2017

Radnor Oak Limited

Notes to the Financial Statements

Statutory Information

Radnor Oak Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 09045205.

Registered address:

Unit 13 Broadaxe Business Park

Presteigne

Powys

LD8 2UH

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 15 years.

Property, plant and equipment

Property, plant and equipment, 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:

Tenants Improvements

25% Straight line

Plant and Machinery

20% Reducing balance

25% Reducing balance

Motor Vehicles

30% Reducing balance

Furniture and Fittings

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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For the year ended 30 June 2017

Radnor Oak Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 July 2016

150,000

At 30 June 2017

150,000

Amortisation

At 01 July 2016

20,000

10,000

Charge for year

At 30 June 2017

30,000

Net book value

At 30 June 2017

120,000

At 30 June 2016

130,000

3. Property, plant and equipment

Total

Furniture and

Fittings

Motor Vehicles

Plant and

Machinery

Tenants

Improvements

Cost or

valuation

At 01 July 2016

90,312

20,541

36,770

33,001

17,659

3,834

3,025

10,800

Additions

(1,025)

(9,745)

Disposals

(10,770)

At 30 June 2017

36,026

27,025

23,350

97,201

10,800

Provision for depreciation and impairment

At 01 July 2016

36,017

8,768

16,087

11,162

Charge for year

16,055

4,581

3,801

4,973

2,700

(4,787)

(523)

(4,264)

On disposal

At 30 June 2017

47,285

12,826

15,624

16,135

2,700

At 30 June 2017

Net book value

8,100

19,891

11,401

10,524

49,916

At 30 June 2016

21,839

20,683

11,773

54,295

4. Trade and other receivables

2016

2017

Trade debtors

42,895

17,603

Prepayments and accrued income

3,476

1,406

19,009

46,371

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For the year ended 30 June 2017

Radnor Oak Limited

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft (secured)

4,654

Trade creditors

28,453

55,360

Taxation and social security

61,523

47,703

Accruals and deferred income

4,012

5,183

Directors' current accounts

270

18,764

Obligations under HP/Financial leases

7,291

Other creditors

143

106,346

127,010

The bank holds a debenture charge over the assets of the company.

6. Trade and other payables: amounts falling due after more than one year

2016

2017

Bank loans and overdraft (secured)

38,483

47,173

28,049

7,324

Obligations under HP/Financial leases

45,807

75,222

7. Related party transactions

Directors were paid Dividends during the year as follows:-

AW Tyler £44000

Mrs AM Tyler £44000

Also, the directors were paid a total of £5614 (2016 - £6640) for use of demonstration buildings owned by them.

8. Guarantees and other financial commitments

Lease commitments

At 30 June 2017 the company had annual commitments under non-cancellable operating leases as set out below:

2017

Operating leases which expire:

11,200

Within 1 year

17,733

Within 2 to 5 years

28,933

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For the year ended 30 June 2017

Radnor Oak Limited

Notes to the Financial Statements Continued

9. Average number of persons employed

During the year the average number of employees was 8 (2016 : 5)

10. Transition to FRS 102

These Financial Statements for the year ended 30th June 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 1st July 2015. There have been no material

adjustments as a result of this change.

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