Resources for Change Limited,Ltd - AccountsLtd - Accounts

Resources for Change Limited,Ltd - AccountsLtd - Accounts

RESOURCES FOR CHANGE LIMITED - Company Information

Print Friendly Version

2016-08-01 07310220 2017-07-31 07310220 2016-08-01 2017-07-31 07310220 2016-07-31 07310220 2015-08-01 2016-07-31 07310220 uk-core:WithinOneYear 2016-07-31 07310220 uk-core:WithinOneYear 2017-07-31 07310220 uk-core:ShareCapital 2017-07-31 07310220 uk-core:ShareCapital 2016-07-31 07310220 uk-core:RetainedEarningsAccumulatedLosses 2017-07-31 07310220 uk-core:RetainedEarningsAccumulatedLosses 2016-07-31 07310220 uk-bus:Director1 2016-08-01 2017-07-31 07310220 uk-core:ToolsEquipment 2016-08-01 2017-07-31 iso4217:GBP 07310220 uk-bus:AuditExemptWithAccountantsReport 2016-08-01 2017-07-31 07310220 uk-bus:FRS102 2016-08-01 2017-07-31 07310220 uk-bus:FullAccounts 2016-08-01 2017-07-31 07310220 uk-bus:PrivateLimitedCompanyLtd 2016-08-01 2017-07-31
Resources for Change Limited
Registered Number:07310220
For the year ended 31 July 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2017
Resources for Change Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 July 2017
Resources for Change Limited
Statement of Financial Position
Registered Number :
07310220
Restated
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
2,117
2,467
2
2,117
2,467
Current assets
Trade and other receivables
58,518
29,358
3
48,555
Cash and cash equivalents
29,838
59,196
107,073
Trade and other payables: amounts falling due within one
year
(35,197)
(25,587)
4
71,876
33,609
Net current assets
Total assets less current liabilities
35,726
74,343
(423)
(493)
Provisions for liabilities
35,303
Net assets
73,850
Capital and reserves
Called up share capital
66
67
Retained earnings
35,237
73,783
35,303
73,850
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Michael King Director
These financial statements were approved and authorised for issue by the Board on 02 March 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 July 2017
Resources for Change Limited
Notes to the Financial Statements
Statutory Information
Resources for Change Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07310220.
Registered address:
Birwood
Berriew
Welshpool
Powys
SY21 8PG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
5
For the year ended 31 July 2017
Resources for Change Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 August 2016
6,476
355
Additions
At 31 July 2017
6,831
Provision for depreciation and impairment
At 01 August 2016
4,009
Charge for year
705
At 31 July 2017
4,714
At 31 July 2017
Net book value
2,117
At 31 July 2016
2,467
3. Trade and other receivables
2016
2017
£
£
Trade debtors
28,108
56,913
Other debtors
1,250
1,605
58,518
29,358
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
6,420
24,239
Taxation and social security
18,689
10,958
Other creditors
478
-
25,587
35,197
3 of 3