Recipro (UK) Limited - Accounts to registrar (filleted) - small 18.2
Recipro (UK) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| RECIPRO (UK) LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| RECIPRO (UK) LIMITED (REGISTERED NUMBER: 07337400) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| RECIPRO (UK) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Georges Court |
| Chestergate |
| Macclesfield |
| Cheshire |
| SK11 6DP |
| RECIPRO (UK) LIMITED (REGISTERED NUMBER: 07337400) |
| BALANCE SHEET |
| 31ST DECEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| RECIPRO (UK) LIMITED (REGISTERED NUMBER: 07337400) |
| BALANCE SHEET - continued |
| 31ST DECEMBER 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| RECIPRO (UK) LIMITED (REGISTERED NUMBER: 07337400) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Recipro (UK) Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| There was a net deficiency of assets of £934,645 at the balance sheet date. However, the directors have |
| confirmed their continued support and have stated that there are sufficient external funds available to continue |
| trading for the foreseeable future. |
| 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 |
| Plant and machinery etc | - |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank |
| loans, and directors' loans. |
| Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, |
| and subsequently at amortised cost using the effective interest method. |
| Directors' loans (being payable on demand), trade debtors and trade creditors are measured at the undiscounted |
| amount of the cash consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective |
| evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the |
| Income Statement. |
| 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. |
| RECIPRO (UK) LIMITED (REGISTERED NUMBER: 07337400) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank |
| loans, and directors' loans. |
| Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, |
| and subsequently at amortised cost using the effective interest method. |
| Directors' loans (being payable on demand), trade debtors and trade creditors are measured at the undiscounted |
| amount of the cash consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective |
| evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the |
| Income Statement. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair |
| value and are depreciated in accordance with the above depreciation policy. |
| Future instalments under such agreements, net of finance charges, are included within creditors. Rentals payable |
| are apportioned between the capital element, which reduces the outstanding obligation included within creditors, |
| and the finance element, which is charged to the profit and loss account on a straight line basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| RECIPRO (UK) LIMITED (REGISTERED NUMBER: 07337400) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st January 2017 |
| Additions |
| Disposals | ( |
) |
| At 31st December 2017 |
| DEPRECIATION |
| At 1st January 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st December 2017 |
| NET BOOK VALUE |
| At 31st December 2017 |
| At 31st December 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2017 | 2016 |
| £ | £ |
| Between one and five years |
| The above shows the total future minimum payments commitments under operating leases. |