Radius Export Packing Services Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06442968 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

RADIUS EXPORT PACKING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Brown

L M Brown

SECRETARY:

M E Brown

REGISTERED OFFICE:

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

REGISTERED NUMBER:

06442968 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Intangible assets

4

-

5,000

Tangible assets

5

77,237

52,377

77,237

57,377

CURRENT ASSETS

Stocks

31,608

22,244

Debtors

6

136,072

147,299

Cash at bank and in hand

494,407

438,815

662,087

608,358

CREDITORS

Amounts falling due within one year

7

136,009

158,586

NET CURRENT ASSETS

526,078

449,772

TOTAL ASSETS LESS CURRENT LIABILITIES

603,315

507,149

PROVISIONS FOR LIABILITIES

14,101

9,738

NET ASSETS

589,214

497,411

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

589,114

497,311

SHAREHOLDERS' FUNDS

589,214

497,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 23 May 2018 and were signed on its behalf by:

M E Brown - Director

1.	STATUTORY INFORMATION

Radius Export Packing Services 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 9 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2017

and 28 February 2018

50,000

AMORTISATION

At 1 March 2017

45,000

Amortisation for year

5,000

At 28 February 2018

50,000

NET BOOK VALUE

At 28 February 2018

-

At 28 February 2017

5,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2017

64,211

10,004

48,925

3,182

126,322

Additions

19,900

-

23,995

-

43,895

At 28 February 2018

84,111

10,004

72,920

3,182

170,217

DEPRECIATION

At 1 March 2017

36,420

5,771

30,279

1,475

73,945

Charge for year

7,154

635

10,660

586

19,035

At 28 February 2018

43,574

6,406

40,939

2,061

92,980

NET BOOK VALUE

At 28 February 2018

40,537

3,598

31,981

1,121

77,237

At 28 February 2017

27,791

4,233

18,646

1,707

52,377

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

113,233

127,625

Prepayments and accrued income

22,839

19,674

136,072

147,299

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

42,906

55,725

Taxation

18,118

20,690

Social security and other taxes

4,811

5,024

VAT

16,752

20,361

Directors' current accounts

314

314

Accrued expenses

53,108

56,472

136,009

158,586

8.

RESERVES

Retained

earnings

£

At 1 March 2017

497,311

Profit for the year

91,803

At 28 February 2018

589,114

9.	RELATED PARTY DISCLOSURES

The company occupies land and buildings owned by ME & Mrs AL Brown rent free.