Rewico (UK) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00688042 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2016 TO 30 NOVEMBER 2017

FOR

REWICO (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Nash

REGISTERED OFFICE:

150 High Street

Sevenoaks

Kent

TN13 1XE

REGISTERED NUMBER:

00688042 (England and Wales)

ACCOUNTANTS:

Greenaway Chartered Accountants

150 High Street

Sevenoaks

Kent

TN13 1XE

FIXED ASSETS

Tangible assets

4

2,389

6,823

CURRENT ASSETS

Debtors

5

504,642

241,293

Cash at bank

1,364,524

854,976

1,869,166

1,096,269

CREDITORS

Amounts falling due within one year

6

541,168

279,378

NET CURRENT ASSETS

1,327,998

816,891

TOTAL ASSETS LESS CURRENT LIABILITIES

1,330,387

823,714

PROVISIONS FOR LIABILITIES

1,137

1,137

NET ASSETS

1,329,250

822,577

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

1,324,250

817,577

SHAREHOLDERS' FUNDS

1,329,250

822,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 January 2018 and were signed by:

R Nash - Director

1.	STATUTORY INFORMATION

Rewico (UK) 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 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. 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

at variable rates on reducing balance

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Pension costs and other post-retirement benefits

The company contributes to the Directors and staff members individual personal pension plans.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

161,428

Additions

3,414

At 30 November 2017

164,842

DEPRECIATION

At 1 June 2016

154,605

Charge for period

7,848

At 30 November 2017

162,453

NET BOOK VALUE

At 30 November 2017

2,389

At 31 May 2016

6,823

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

31/5/16

£

£

Trade debtors

488,750

238,250

Other debtors

15,892

3,043

504,642

241,293

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

31/5/16

£

£

Trade creditors

289,516

134,694

Taxation and social security

166,879

129,561

Other creditors

84,773

15,123

541,168

279,378

7.	SECURED DEBTS

There is a mortgage debenture dated 30 March 1994, in favour of National Westminster Bank plc, a

fixed and floating charge over all intangibles and tangible assets of the company present and future.