The Retearn Group Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09627375 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2017

for

THE RETEARN GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Smith

Mrs E V Rhodes

Mrs S Bates

Mr I P Cowie

Mr A Loken

Mr M R J Wyllie

SECRETARY:

Mrs S Bates

REGISTERED OFFICE:

4 Clews Road

Redditch

Worcestershire

B98 7ST

REGISTERED NUMBER:

09627375 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

6,784

3,890

CURRENT ASSETS

Debtors

5

266,803

40,111

Cash at bank

97,175

35,742

363,978

75,853

CREDITORS

Amounts falling due within one year

6

354,198

77,688

NET CURRENT ASSETS/(LIABILITIES)

9,780

(1,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,564

2,055

CAPITAL AND RESERVES

Called up share capital

7

400

400

Retained earnings

8

16,164

1,655

SHAREHOLDERS' FUNDS

16,564

2,055

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 13th February 2018 and were signed on its behalf by:

Mr S Smith - Director

1.	STATUTORY INFORMATION

The Retearn Group Ltd 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.

Computer equipment

-

50% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st July 2016

5,832

Additions

11,621

At 30th June 2017

17,453

DEPRECIATION

At 1st July 2016

1,942

Charge for year

8,727

At 30th June 2017

10,669

NET BOOK VALUE

At 30th June 2017

6,784

At 30th June 2016

3,890

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

226,239

35,119

Directors' loan accounts

-

400

VAT

-

1,802

Accrued income

31,938

-

Prepayments

8,626

2,790

266,803

40,111

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other loans

60,000

60,000

Trade creditors

106,820

1,508

Tax

3,587

-

Social security and other taxes

-

4,218

VAT

35,585

-

Other creditors

-

201

Accrued expenses

148,206

11,761

354,198

77,688

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

400

Ordinary

£1

400

400

8.

RESERVES

Retained

earnings

£

At 1st July 2016

1,655

Profit for the year

14,509

At 30th June 2017

16,164

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30th June 2017 and the

period ended 30th June 2016:

2017

2016

£

£

Mr S Smith

Balance outstanding at start of year

100

-

Amounts advanced

-

100

Amounts repaid

(100

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

100

Mrs E V Rhodes

Balance outstanding at start of year

100

-

Amounts advanced

-

100

Amounts repaid

(100

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

100

Mrs S Bates

Balance outstanding at start of year

100

-

Amounts advanced

-

100

Amounts repaid

(100

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

100

Mr I P Cowie

Balance outstanding at start of year

100

-

Amounts advanced

-

100

Amounts repaid

(100

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

100

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.