Retained 1st Limited

Retained 1st Limited

RETAINED 1ST LIMITED - Company Information

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1 February 2016 false Taxfiler 2017.48.Web 08893314business:PrivateLimitedCompanyLtd2016-02-012017-01-31 088933142016-01-31 088933142016-02-012017-01-31 08893314business:AuditExempt-NoAccountantsReport2016-02-012017-01-31 08893314business:FullAccounts2016-02-012017-01-31 088933142017-01-31 08893314business:Director12016-02-012017-01-31 08893314business:Director22016-02-012017-01-31 08893314business:RegisteredOffice2016-02-012017-01-31 088933142016-01-31 08893314core:WithinOneYear2017-01-31 08893314core:WithinOneYear2016-01-31 08893314core:AfterOneYear2017-01-31 08893314core:AfterOneYear2016-01-31 08893314core:ShareCapital2017-01-31 08893314core:ShareCapital2016-01-31 08893314core:RetainedEarningsAccumulatedLosses2017-01-31 08893314core:RetainedEarningsAccumulatedLosses2016-01-31 08893314business:SmallEntities2016-02-012017-01-31 08893314countries:EnglandWales2016-02-012017-01-31 08893314core:PlantMachinery2016-02-012017-01-31 08893314core:PlantMachinery2016-01-31 08893314core:MotorVehicles2016-01-31 08893314core:MotorVehicles2016-02-012017-01-31 08893314core:PlantMachinery2017-01-31 08893314core:MotorVehicles2017-01-31 08893314business:OrdinaryShareClass12016-02-012017-01-31 08893314business:OrdinaryShareClass12015-03-012016-01-31 088933142015-03-012016-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08893314 (England and Wales)
Retained 1st Limited Unaudited accounts for the year ended 31 January 2017
Retained 1st Limited Unaudited accounts Contents
Page
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Retained 1st Limited Company Information for the year ended 31 January 2017
Directors
G Darke G H Leighton
Company Number
08893314 (England and Wales)
Registered Office
Fanshawe House Pioneer Business Park York North Yorkshire YO30 4TN
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Retained 1st Limited Statement of financial position as at 31 January 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
24,656 
25,452 
Current assets
Debtors
5
101,663 
111,413 
Cash at bank and in hand
55,388 
53,586 
157,051 
164,999 
Creditors: amounts falling due within one year
6
(35,995)
(27,560)
Net current assets
121,056 
137,439 
Total assets less current liabilities
145,712 
162,891 
Creditors: amounts falling due after more than one year
7
(110,345)
(117,462)
Net assets
35,367 
45,429 
Capital and reserves
Called up share capital
8
51 
51 
Profit and loss account
35,316 
45,378 
Shareholders' funds
35,367 
45,429 
For the year ending 31 January 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 directors acknowledge their 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 6 December 2018.
G Darke Director Company Registration No. 08893314
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Retained 1st Limited Notes to the Accounts for the year ended 31 January 2017
1
Statutory information
Retained 1st Limited is a private company, limited by shares, registered in England and Wales, registration number 08893314. The registered office is Fanshawe House, Pioneer Business Park, York, North Yorkshire, YO30 4TN.
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 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation is calculated to write down the cost of tangible assets over their expected useful economic lives as follows:
Plant & machinery
Straight Line Depreciation
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2016
26,913 
2,500 
29,413 
Additions
2,151 
- 
2,151 
At 31 January 2017
29,064 
2,500 
31,564 
Depreciation
At 1 February 2016
3,586 
375 
3,961 
Charge for the year
2,479 
468 
2,947 
At 31 January 2017
6,065 
843 
6,908 
Net book value
At 31 January 2017
22,999 
1,657 
24,656 
At 31 January 2016
23,327 
2,125 
25,452 
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Retained 1st Limited Notes to the Accounts for the year ended 31 January 2017
5
Debtors
2017 
2016 
£ 
£ 
Accrued income and prepayments
101,663 
111,413 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
- 
13,179 
Taxes and social security
- 
4,896 
Other creditors
35,995 
9,485 
35,995 
27,560 
7
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Obligations under finance leases and hire purchase contracts
110,345 
117,462 
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
51 Ordinary shares of £1 each
51 
51 
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).
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