Ro-Dor Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01895877 (England and Wales)

RO-DOR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Gregory

N S Gregory

REGISTERED OFFICE:

Stevens Drove

Houghton

Stockbridge

Hampshire

SO20 6LP

REGISTERED NUMBER:

01895877 (England and Wales)

BANKERS:

National Westminster Bank

105 High Street

Winchester

SO23 9AW

FIXED ASSETS

Tangible assets

4

24,233

32,768

Investments

5

493

606

24,726

33,374

CURRENT ASSETS

Stocks

62,764

57,595

Debtors

6

602,548

108,492

Cash at bank and in hand

115,063

543,224

780,375

709,311

CREDITORS

Amounts falling due within one year

7

(98,663

)

(83,154

)

NET CURRENT ASSETS

681,712

626,157

TOTAL ASSETS LESS CURRENT LIABILITIES

706,438

659,531

PROVISIONS FOR LIABILITIES

(3,927

)

(5,502

)

NET ASSETS

702,511

654,029

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

29,060

29,060

Retained earnings

672,451

623,969

SHAREHOLDERS' FUNDS

702,511

654,029

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 December 2017 and were signed on its behalf by:

M W Gregory - Director

N S Gregory - Director

1.	STATUTORY INFORMATION

Ro-Dor 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 FRS 102 "The Financial Reporting Standards

applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as

applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure

is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain

financial instruments at fair value. The principal accounting policies adopted are set out below.

These financial statements are the first financial statements the company has prepared in accordance with

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland' (FRS 102), as applied to smaller entities by the adoption of Section 1A of FRS 102. The financial

statements for the year ended 31 March 2016 were prepared in accordance with previous UK GAAP.

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting policy

choices differ from previous UK GAAP. Consequently, the directors have amended certain accounting policies

to comply with FRS 102. There have been no transitional adjustment.

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.

Land and buildings

-

10% Straight line

Plant and machinery

-

20% Straight line

Fixtures and fittings

-

20% Straight line

Motor vehicles

-

25% Reducing balance

Office equipment

-

20% Straight line

Fixed Asset Investments

Fixed asset investments are stated at the lower of cost and market value.

Stocks

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

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes

party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the

effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is

measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and

subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the

debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct

issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the

discretion of the company.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme in respect of its director. The assets of the scheme are held

separately from those of the company in an independently administered fund. The company also operates a group

personal pension scheme in respect of some of its employees. Contributions payable for the year are charged to

the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

buildings

machinery

fittings

£

£

£

COST

At 1 April 2016

40,429

44,790

39,633

At 31 March 2017

40,429

44,790

39,633

DEPRECIATION

At 1 April 2016

40,429

44,790

39,633

Charge for year

-

-

-

Eliminated on disposal

-

-

-

At 31 March 2017

40,429

44,790

39,633

NET BOOK VALUE

At 31 March 2017

-

-

-

At 31 March 2016

-

-

-

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2016

126,426

45,537

296,815

Disposals

(6,348

)

-

(6,348

)

At 31 March 2017

120,078

45,537

290,467

DEPRECIATION

At 1 April 2016

93,658

45,537

264,047

Charge for year

8,078

-

8,078

Eliminated on disposal

(5,891

)

-

(5,891

)

At 31 March 2017

95,845

45,537

266,234

NET BOOK VALUE

At 31 March 2017

24,233

-

24,233

At 31 March 2016

32,768

-

32,768

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2016

2,163

Additions

18

At 31 March 2017

2,181

PROVISIONS

At 1 April 2016

1,557

Impairments

131

At 31 March 2017

1,688

NET BOOK VALUE

At 31 March 2017

493

At 31 March 2016

606

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

90,789

66,221

Amounts owed by group undertakings

469,987

-

Other debtors

41,772

42,271

602,548

108,492

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

35,187

17,917

Taxation and social security

43,651

48,506

Other creditors

19,825

16,731

98,663

83,154

8.	RELATED PARTY DISCLOSURES

The company is controlled by Miss L Gregory, Mrs K Gregory-Shuku & Mr N Gregory by virtue of their

combined 75% ownership of the issued share capital of the parent company, KNL Holdings Limited.

Intercompany loan balance of £470,000 (2016 - £Nil) was due to Ro-Dor Limited at the balance sheet date which

is repayable by demand. No interest was charged on this loan.