RDW Services Limited - Accounts to registrar

REGISTERED NUMBER: 09506024 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

RDW Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K H Davies

REGISTERED OFFICE:

Stone Acre

Heol Ddu

Ammanford

Dyfed

SA18 2UG

REGISTERED NUMBER:

09506024 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Tangible assets

4

33,475

-

CURRENT ASSETS

Debtors

5

47,069

-

Cash at bank

8,790

23,850

55,859

23,850

CREDITORS

Amounts falling due within one year

6

46,652

9,082

NET CURRENT ASSETS

9,207

14,768

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,682

14,768

PROVISIONS FOR LIABILITIES

660

-

NET ASSETS

42,022

14,768

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

42,021

14,767

SHAREHOLDERS' FUNDS

42,022

14,768

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 director acknowledges his 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 director on 18 December 2017 and were signed by:

K H Davies - Director

1.	STATUTORY INFORMATION

RDW Services 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

Additions

30,000

4,635

34,635

At 31 March 2017

30,000

4,635

34,635

DEPRECIATION

Charge for year

-

1,160

At 31 March 2017

-

1,160

NET BOOK VALUE

At 31 March 2017

30,000

3,475

33,475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Other debtors

36,800

-

VAT

10,269

-

47,069

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Tax

12,302

6,192

VAT

-

2,540

Directors' current accounts

34,000

-

Accrued expenses

350

46,652

9,082

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2017 and

the period ended 31 March 2016:

31.3.17

31.3.16

£

K H Davies

Balance outstanding at start of year

-

Amounts advanced

55,000

47,501

Amounts repaid

(89,000

)

(47,501

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(34,000

)

-

8.	RELATED PARTY DISCLOSURES

During the year the company made a loan to Renewable Developments (Wales) Ltd a company under

common control of Mr. K. H. Davies for £68,000 which is repayable on demand. A management

charge was also accrued at the year end of £31,200.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is K H Davies.

RDW Services Limited - Accounts to registrar - small 16.3d

RDW Services Limited - Accounts to registrar - small 16.3d