RETROMARQUES LTD

RETROMARQUES LTD

RETROMARQUES LTD - Company Information

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RETROMARQUES LTD

Company Registration Number:
06773987 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

RETROMARQUES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

RETROMARQUES LTD

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 825 1,237
Total fixed assets: 825 1,237
Current assets
Stocks: 31,123 18,440
Debtors:   1,178 8,266
Cash at bank and in hand: 67,488 80,459
Total current assets: 99,789 107,165
Creditors: amounts falling due within one year:   (151,329) (163,553)
Net current assets (liabilities): (51,540) (56,388)
Total assets less current liabilities: (50,715) (55,151)
Total net assets (liabilities): (50,715) (55,151)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (50,815) (55,251)
Shareholders funds: (50,715) (55,151)

The notes form part of these financial statements

RETROMARQUES LTD

Balance sheet statements

For the year ending 31 December 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2018
and signed on behalf of the board by:

Name: M Knight
Status: Director

The notes form part of these financial statements

RETROMARQUES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue represents the value of sales to customers and excludes Value Added Tax. Sales of goods are recognised when the company has delivered the product to the customer and the customer has accepted the product.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant & equipment - 25% on costMotor vehicles - 25% on cost

Intangible fixed assets and amortisation policy

Intangible fixed assets are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost of intangible fixed assets over their expected useful lives on the following bases:Goodwill - 25% straight line

Other accounting policies

StocksStocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.Going concernNo material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

RETROMARQUES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 10 11

RETROMARQUES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 11,772
At 31 December 2017 11,772
Depreciation
At 01 January 2017 10,535
Charge for year 412
At 31 December 2017 10,947
Net book value
At 31 December 2017 825
At 31 December 2016 1,237

RETROMARQUES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Related party transactions

Name of the related party: K2 Defence Limited
Relationship:
Company under common control
Description of the Transaction: Intercompany loan
£
Balance at 01 January 2017 0
Balance at 31 December 2017 15,000