Revert To Type Limited
Revert To Type Limited
Registered number: 10348335
Unaudited Financial Statements
For The Year Ended 31 August 2017
Quest Accounting Services Limited
Unit 10 Acorn Business Centre
Cublington Road
Leighton Buzzard
Bedfordshire
LU7 0LB
Revert To Type Limited
Unaudited Financial Statements
For The Year Ended 31 August 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3—4 |
Revert To Type Limited
Accountant's Report
For The Year Ended 31 August 2017
Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 August 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Unit 10 Acorn Business Centre
Cublington Road
Leighton Buzzard
Bedfordshire
LU7 0LB
Page 1
Revert To Type Limited
Balance Sheet
As at
31 August 2017
Balance Sheet
Registered number:
10348335
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 1,603 | ||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Revert To Type Limited
Notes to the Unaudited Accounts
For The Year Ended 31 August 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2017 | |
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| Office and administration |
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3.
Tangible Assets
| Plant & Machinery | |
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| Cost | |
| As at |
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| Additions |
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| Depreciation | |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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Revert To Type Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 August 2017
4.
Debtors
| 2017 | |
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| £ | |
| Due within one year | |
| Trade debtors |
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5.
Creditors: Amounts Falling Due Within One Year
| 2017 | |
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| £ | |
| Corporation tax |
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| Other taxes and social security |
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| Director's loan account |
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6.
Controlling Party
The company's controlling party is Simon Dovar by virtue of his ownership of 90% of the issued share capital in the company.
7.
General Information
Revert To Type Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10348335 . The registered office is 63 Falkland Road, Barnet, EN5 4LQ.
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