Randleford Ltd - Accounts to registrar (filleted) - small 18.2

Randleford Ltd - Accounts to registrar (filleted) - small 18.2

RANDLEFORD LTD - Company Information

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REGISTERED NUMBER: 05032626 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2018

for

Randleford Ltd
Randleford Ltd (Registered number: 05032626)

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


Randleford Ltd

Company Information
for the Year Ended 31 January 2018







DIRECTORS: Mr C Ord
Ms M Baer





SECRETARY: Ms M Baer





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 6 Slaters Drive
The Croft
Haverhill
Suffolk
CB9 9SF





REGISTERED NUMBER: 05032626 (England and Wales)
Page 1
Randleford Ltd (Registered number: 05032626)

Balance Sheet
31 January 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 5 391 521

CURRENT ASSETS
Debtors 6 132 1,305
Cash at bank 31,740 40,728
31,872 42,033
CREDITORS
Amounts falling due within one year 7 (50,752 ) (62,381 )
NET CURRENT LIABILITIES (18,880 ) (20,348 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(18,489
)
(19,827
)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,589 ) (19,927 )
SHAREHOLDERS' FUNDS (18,489 ) (19,827 )

The notes form part of these financial statements

Page 2
Randleford Ltd (Registered number: 05032626)

Balance Sheet - continued
31 January 2018


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.

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 4 October 2018 and were signed on its behalf by:




Ms M Baer - Director



Mr C Ord - Director


The notes form part of these financial statements

Page 3
Randleford Ltd (Registered number: 05032626)

Notes to the Financial Statements
for the Year Ended 31 January 2018


1. STATUTORY INFORMATION

Randleford 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in
effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a
market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


Page 4
Randleford Ltd (Registered number: 05032626)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2017
and 31 January 2018 843
DEPRECIATION
At 1 February 2017 322
Charge for year 130
At 31 January 2018 452
NET BOOK VALUE
At 31 January 2018 391
At 31 January 2017 521

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 1,173
Other debtors 132 132
132 1,305

Page 5
Randleford Ltd (Registered number: 05032626)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts - 447
Trade creditors - 1
Taxation and social security 3 950
Other creditors 50,749 60,983
50,752 62,381

8. GOING CONCERN

In determining the appropriate basis of preparation of the financial statements, the directors are required to
consider whether the company can continue in operational existence for at least the next 12 months.

During the year the company made a net profit of £1,338 (2017 - £17,953) and, at the balance sheet date, the
company's total liabilities exceeded its total assets by £18,489 (2017 - £19,827).

Having made requisite enquires, the directors are confident that the company has adequate resources to continue
its operations for the foreseeable future. Part of the company's liabilities are monies due to Mr C Ord and Ms M
Baer, shareholders and directors of the company, amounting to £50,467 (2017 - £60,593 ). They have
confirmed that they will not call on these outstanding monies and will continue their support of the business.

Following a detailed and comprehensive review of the business, the directors have no reason or intention to
liquidate the company or cease its trading activities over the foreseeable future.

In conclusion, and considering the areas described above, the directors are confident that the company has
adequate resources to continue in operational existence for the foreseeable future. For these reasons, the
directors consider it appropriate they continue to prepare the financial statements on a going concern basis.
These financial statements do not include any adjustments that would result from the going concern basis of
preparation being inappropriate.

Page 6