Robin A Borum Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09570131 (England and Wales)

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

ROBIN A BORUM LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R A Borum

REGISTERED OFFICE:

36 High Street

Cleethorpes

North East Lincs

DN35 8JN

BUSINESS ADDRESS:

62 Woollaston Road

Cleethorpes

North East Lincs

DN35 8DX

REGISTERED NUMBER:

09570131 (England and Wales)

ACCOUNTANTS:

Blow Abbott Limited

36 High Street

Cleethorpes

North East Lincs

DN35 8JN

FIXED ASSETS

Tangible assets

4

1,979

2,635

CURRENT ASSETS

Stocks

-

1,000

Debtors

5

1,617

12,377

Cash at bank

27,878

835

29,495

14,212

CREDITORS

Amounts falling due within one year

6

9,718

19,315

NET CURRENT ASSETS/(LIABILITIES)

19,777

(5,103

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,756

(2,468

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

21,656

(2,568

)

SHAREHOLDERS' FUNDS

21,756

(2,468

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 19 December 2017 and were signed by:

Mr R A Borum - Director

1.	STATUTORY INFORMATION

Robin A Borum 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 each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Stocks

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

obsolete and slow moving items.

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 statement of financial position date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2016

and 30 April 2017

3,291

DEPRECIATION

At 1 May 2016

656

Charge for year

656

At 30 April 2017

1,312

NET BOOK VALUE

At 30 April 2017

1,979

At 30 April 2016

2,635

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

10,760

Other debtors

1,617

1,617

1,617

12,377

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

7,262

1,920

Social security and other taxes

(236

)

-

VAT

914

-

Directors' loan accounts

360

16,482

Accrued expenses

1,418

913

9,718

19,315

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £7,000 were paid to the director .

At 2017 the company owed the Director £360 (2016: £16,482). No interest is payable on the loan.

8.	ULTIMATE CONTROLLING PARTY

Mr R Borum owns 100% of the share capital of the company and is therefore the ultimate controlling

party.