Richard Eade and Sons Limited - Accounts to registrar (filleted) - small 18.1

Richard Eade and Sons Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 05299774 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

RICHARD EADE AND SONS LIMITED

RICHARD EADE AND SONS LIMITED (REGISTERED NUMBER: 05299774)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

RICHARD EADE AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTORS: D W Eade
Mrs H J Eade
S P Eade
P Eade





SECRETARY: Mrs H J Eade





REGISTERED OFFICE: Mayfield
101 Forest Road
Whitehill
Bordon
Hampshire
GU35 9BA





REGISTERED NUMBER: 05299774 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG

RICHARD EADE AND SONS LIMITED (REGISTERED NUMBER: 05299774)

BALANCE SHEET
31 JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,667 11,924
Investments 5 107,891 106,419
115,558 118,343

CURRENT ASSETS
Stocks 157,922 142,644
Debtors 6 54,198 47,712
Cash at bank and in hand 597,540 526,488
809,660 716,844
CREDITORS
Amounts falling due within one year 7 183,743 135,417
NET CURRENT ASSETS 625,917 581,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,475

699,770

PROVISIONS FOR LIABILITIES 8 1,533 2,385
NET ASSETS 739,942 697,385

CAPITAL AND RESERVES
Called up share capital 9 500 500
Capital redemption reserve 10 500 500
Retained earnings 10 738,942 696,385
SHAREHOLDERS' FUNDS 739,942 697,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

RICHARD EADE AND SONS LIMITED (REGISTERED NUMBER: 05299774)

BALANCE SHEET - continued
31 JANUARY 2018


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 13 June 2018 and were signed on its behalf by:





D W Eade - Director


RICHARD EADE AND SONS LIMITED (REGISTERED NUMBER: 05299774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018


1. STATUTORY INFORMATION

Richard Eade and Sons Limited 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.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 10% 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.

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.

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 7 (2017 - 6 ) .

RICHARD EADE AND SONS LIMITED (REGISTERED NUMBER: 05299774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2017 75,948 41,536 5,975 123,459
Additions 1,403 - - 1,403
At 31 January 2018 77,351 41,536 5,975 124,862
DEPRECIATION
At 1 February 2017 72,652 33,538 5,345 111,535
Charge for year 1,533 3,999 128 5,660
At 31 January 2018 74,185 37,537 5,473 117,195
NET BOOK VALUE
At 31 January 2018 3,166 3,999 502 7,667
At 31 January 2017 3,296 7,998 630 11,924

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2017 106,419
Additions 1,472
At 31 January 2018 107,891
NET BOOK VALUE
At 31 January 2018 107,891
At 31 January 2017 106,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 52,636 46,365
Prepayments and accrued income 1,562 1,347
54,198 47,712

RICHARD EADE AND SONS LIMITED (REGISTERED NUMBER: 05299774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors - 5,591
Tax 40,287 47,675
Social security and other taxes 933 817
VAT 27,388 25,522
Other creditors 415 518
Directors' loan account 112,420 53,244
Accruals and deferred income 2,300 2,050
183,743 135,417

8. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 1,533 2,385

Deferred
tax
£   
Balance at 1 February 2017 2,385
Deferred tax (852 )
Balance at 31 January 2018 1,533

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
500 Ordinary £1 500 500

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 February 2017 696,385 500 696,885
Profit for the year 166,557 166,557
Dividends (124,000 ) (124,000 )
At 31 January 2018 738,942 500 739,442

11. RELATED PARTY DISCLOSURES

During the year, payments totalling £24,000 (2017 £22,000) were paid to two of the directors, P Eade and Mrs H
J Eade, in respect of the rent of the trading property.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RICHARD EADE AND SONS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Richard Eade and Sons Limited for the year ended 31 January 2018 which comprise the Income
Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Richard Eade and Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Richard Eade and Sons Limited and state those matters that we have agreed to state to the Board of Directors of Richard Eade and Sons Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Richard Eade and Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Richard Eade and Sons Limited. You consider that Richard Eade and Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Richard Eade and Sons Limited. 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 statutory financial statements.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


13 June 2018