ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

R.H.BAGGOTT LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31dormant companyfalse2016-08-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue 0379339 2016-08-01 2017-12-31 0379339 2015-08-01 2016-07-31 0379339 2017-12-31 0379339 2016-07-31 0379339 c:Director1 2016-08-01 2017-12-31 0379339 d:CurrentFinancialInstruments 2017-12-31 0379339 d:CurrentFinancialInstruments 2016-07-31 0379339 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 0379339 d:ShareCapital 2017-12-31 0379339 d:ShareCapital 2016-07-31 0379339 d:RetainedEarningsAccumulatedLosses 2017-12-31 0379339 d:RetainedEarningsAccumulatedLosses 2016-07-31 0379339 c:OrdinaryShareClass1 2016-08-01 2017-12-31 0379339 c:OrdinaryShareClass1 2017-12-31 0379339 c:FRS102 2016-08-01 2017-12-31 0379339 c:AuditExempt-NoAccountantsReport 2016-08-01 2017-12-31 0379339 c:FullAccounts 2016-08-01 2017-12-31 0379339 c:PrivateLimitedCompanyLtd 2016-08-01 2017-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 0379339

R H BAGGOTT LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2017

R H BAGGOTT LIMITED

REGISTERED NUMBER: 0379339

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2017

	31 December	31 July
	2017	2016
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	-		472
Cash at bank and in hand		40,998		-
		40,998		472
Creditors: amounts falling due within one year	5	(16,124)		-
Net current assets			24,874		472
Total assets less current liabilities			24,874		472

Net assets			24,874		472

Capital and reserves
Called up share capital	6	2,625	2,625
Profit and loss account		22,249	(2,153)
		24,874	472

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R H BAGGOTT LIMITED

REGISTERED NUMBER: 0379339

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2017

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 May 2018.

Royston Adam Jones

Director

The notes on pages 3 to 5 form part of these financial statements.

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R H BAGGOTT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2017

1.	General information

The company is registered in England and Wales and was incorporated on 13 January 1978. It's registered office is Coombes Wharf, Chancel Way, Halesowen, West Midlands, B62 8RP. The principal activity for the year was that of a dormant company until 31 July 2017 and is road freight transporters thereafter.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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R H BAGGOTT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2017

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the period was 2 (2016 - 2).

Debtors

					31 December	31 July
					2017	2016
					£	£


Other debtors	-	472

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R H BAGGOTT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2017

Corporation tax	5,724	-
Other taxation and social security	6,120	-
Other creditors	4,280	-
	16,124	-

Allotted, called up and fully paid

2,625 ordinary shares of £1 each	2,625	2,625

7.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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