Ramar Limited

Ramar Limited

RAMAR LIMITED - Company Information

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1 April 2016 false Taxfiler 2017.43.Web 02897947business:PrivateLimitedCompanyLtd2016-04-012017-03-31 028979472016-03-31 028979472016-04-012017-03-31 02897947business:AuditExemptWithAccountantsReport2016-04-012017-03-31 02897947business:FullAccounts2016-04-012017-03-31 028979472017-03-31 02897947business:Director12016-04-012017-03-31 02897947business:RegisteredOffice2016-04-012017-03-31 028979472016-03-31 02897947core:WithinOneYear2017-03-31 02897947core:WithinOneYear2016-03-31 02897947core:ShareCapital2017-03-31 02897947core:ShareCapital2016-03-31 02897947core:RetainedEarningsAccumulatedLosses2017-03-31 02897947core:RetainedEarningsAccumulatedLosses2016-03-31 02897947business:SmallEntities2016-04-012017-03-31 02897947countries:EnglandWales2016-04-012017-03-31 02897947core:PlantMachinery2016-04-012017-03-31 02897947core:MotorVehicles2016-04-012017-03-31 02897947core:FurnitureFittings2016-04-012017-03-31 02897947core:ComputerEquipment2016-04-012017-03-31 02897947core:PlantMachinery2016-03-31 02897947core:MotorVehicles2016-03-31 02897947core:FurnitureFittings2016-03-31 02897947core:ComputerEquipment2016-03-31 02897947core:PlantMachinery2017-03-31 02897947core:MotorVehicles2017-03-31 02897947core:FurnitureFittings2017-03-31 02897947core:ComputerEquipment2017-03-31 028979472015-04-012016-03-31 iso4217:GBP xbrli:pure
Company Registration No. 02897947 (England and Wales)
Ramar Limited Unaudited accounts for the year ended 31 March 2017
Ramar Limited Unaudited accounts Contents
Page
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Ramar Limited Company Information for the year ended 31 March 2017
Director
Mrs L.M.Diggins
Company Number
02897947 (England and Wales)
Registered Office
103 High Street Waltham Cross Herts EN8 7AN
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross Herts. EN8 7AN
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Ramar Limited Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ramar Limited for the year ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ramar Limited for the year ended 31 March 2017 as set out on pages 5 - 7 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Ramar Limited, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of Ramar Limited and state those matters that we have agreed to state to the Board of Directors of Ramar Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ramar Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ramar Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ramar Limited. You consider that Ramar Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ramar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross Herts. EN8 7AN 10 November 2017
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Ramar Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,687 
5,066 
Current assets
Inventories
5
1,980 
1,545 
Debtors
6
35,261 
36,811 
Cash at bank and in hand
10,839 
14,938 
48,080 
53,294 
Creditors: amounts falling due within one year
7
(61,469)
(49,779)
Net current (liabilities)/assets
(13,389)
3,515 
Net (liabilities)/assets
(10,702)
8,581 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(10,802)
8,481 
Shareholders' funds
(10,702)
8,581 
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 November 2017.
Mrs L.M.Diggins Director Company Registration No. 02897947
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Ramar Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
Ramar Limited is a private company, limited by shares, registered in England and Wales, registration number 02897947. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Motor vehicles
15% straight line
Fixtures & fittings
10% straight line
Computer equipment
33 1/3% straight line
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Ramar Limited Notes to the Accounts for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2016
21,129 
1,775 
4,945 
4,656 
32,505 
At 31 March 2017
21,129 
1,775 
4,945 
4,656 
32,505 
Depreciation
At 1 April 2016
16,365 
1,475 
4,944 
4,655 
27,439 
Charge for the year
2,113 
266 
- 
- 
2,379 
At 31 March 2017
18,478 
1,741 
4,944 
4,655 
29,818 
Net book value
At 31 March 2017
2,651 
34 
1 
1 
2,687 
At 31 March 2016
4,764 
300 
1 
1 
5,066 
5
Inventories
2017 
2016 
£ 
£ 
Raw materials
1,980 
1,545 
1,980 
1,545 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
34,248 
36,811 
Other debtors
1,013 
- 
35,261 
36,811 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
4,748 
6,461 
Taxes and social security
3,895 
405 
Other creditors
- 
1,277 
Loans from directors
51,106 
39,956 
Accruals
1,720 
1,680 
61,469 
49,779 
8
Transactions with related parties
The company was under the control of Mrs L.M.Diggins throughout the current period. Mrs L.M.Diggins is personally interested in 75%of the company's share capital. In addition, her husband Mr.R.Diggins is in control of a further 25% of the company's issued share capital.
9
Average number of employees
During the year the average number of employees was 1 (2016: 1).
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