Radnor Oak Limited,Ltd - AccountsLtd - Accounts

RADNOR OAK LIMITED - Company Information

2017-07-01 09045205 2018-06-30 09045205 2017-07-01 2018-06-30 09045205 2017-06-30 09045205 2016-07-01 2017-06-30 09045205 uk-core:WithinOneYear 2017-06-30 09045205 uk-core:WithinOneYear 2018-06-30 09045205 uk-core:AfterOneYear 2017-06-30 09045205 uk-core:AfterOneYear 2018-06-30 09045205 uk-core:ShareCapital 2018-06-30 09045205 uk-core:ShareCapital 2017-06-30 09045205 uk-core:RetainedEarningsAccumulatedLosses 2018-06-30 09045205 uk-core:RetainedEarningsAccumulatedLosses 2017-06-30 09045205 uk-bus:Director1 2017-07-01 2018-06-30 09045205 uk-core:NetGoodwill 2017-07-01 2018-06-30 09045205 uk-core:LeaseholdImprovements 2017-07-01 2018-06-30 09045205 uk-core:PlantMachinery 2017-07-01 2018-06-30 09045205 uk-core:CommercialMotorVehicles 2017-07-01 2018-06-30 09045205 uk-core:FurnitureFittings 2017-07-01 2018-06-30 09045205 uk-core:Goodwill 2017-06-30 09045205 uk-core:Goodwill 2018-06-30 09045205 uk-core:Goodwill 2017-07-01 2018-06-30 09045205 uk-core:FurnitureFittings 2017-06-30 09045205 uk-core:CommercialMotorVehicles 2017-06-30 09045205 uk-core:PlantMachinery 2017-06-30 09045205 uk-core:LeaseholdImprovements 2017-06-30 09045205 uk-core:PlantMachinery 2018-06-30 09045205 uk-core:CommercialMotorVehicles 2018-06-30 09045205 uk-core:FurnitureFittings 2018-06-30 09045205 uk-core:LeaseholdImprovements 2018-06-30 09045205 uk-core:WithinOneYear uk-core:Secured 2018-06-30 09045205 uk-core:WithinOneYear uk-core:Secured 2017-06-30 09045205 uk-core:BetweenTwoFiveYears 2017-06-30 09045205 uk-core:BetweenTwoFiveYears 2018-06-30 iso4217:GBP xbrli:pure 09045205 uk-bus:AuditExemptWithAccountantsReport 2017-07-01 2018-06-30 09045205 uk-bus:FRS102 2017-07-01 2018-06-30 09045205 uk-bus:FullAccounts 2017-07-01 2018-06-30 09045205 uk-bus:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30

Radnor Oak Limited

Registered Number:09045205

For the year ended 30 June 2018

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2018

Radnor Oak Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 June 2018

Radnor Oak Limited

Statement of Financial Position

Registered Number :

09045205

2017

2018

Notes

Fixed assets

Intangible assets

110,000

120,000

Property, plant and equipment

40,831

49,916

150,831

169,916

Current assets

Trade and other receivables

46,371

23,599

33,942

Cash and cash equivalents

94,619

118,218

80,313

Trade and other payables: amounts falling due within one

year

(106,346)

(120,666)

(26,033)

(2,448)

Net current liabilities

Total assets less current liabilities

148,383

143,883

Trade and other payables: amounts falling due after more

than one year

(45,807)

(36,733)

(9,308)

(8,161)

Provisions for liabilities

102,342

Net assets

89,915

Capital and reserves

Called up share capital

Retained earnings

102,340

89,913

102,342

89,915

Shareholders' funds

For the year ended 30 June 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

AW Tyler Director

These financial statements were approved and authorised for issue by the Board on 23 October 2018 and were signed by:

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For the year ended 30 June 2018

Radnor Oak Limited

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 30 June 2018

Radnor Oak Limited

Notes to the Financial Statements

Statutory Information

Radnor Oak Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 09045205.

Registered address:

Unit 13 Broadaxe Business Park

Presteigne

Powys

LD8 2UH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 15 years.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Tenants Improvements

25% Straight line

Plant and Machinery

20% Reducing balance

25% Reducing balance

Motor Vehicles

30% Reducing balance

Furniture and Fittings

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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For the year ended 30 June 2018

Radnor Oak Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 July 2017

150,000

At 30 June 2018

150,000

Amortisation

At 01 July 2017

30,000

10,000

Charge for year

At 30 June 2018

40,000

Net book value

At 30 June 2018

110,000

At 30 June 2017

120,000

3. Property, plant and equipment

Total

Furniture and

Fittings

Motor Vehicles

Plant and

Machinery

Tenants

Improvements

Cost or

valuation

At 01 July 2017

97,201

23,350

27,025

36,026

10,800

7,418

3,480

3,938

Additions

(3,024)

Disposals

(3,024)

At 30 June 2018

36,940

27,025

26,830

101,595

10,800

Provision for depreciation and impairment

At 01 July 2017

47,285

12,826

15,624

16,135

2,700

Charge for year

14,083

4,251

2,850

4,282

2,700

(604)

On disposal

At 30 June 2018

60,764

17,077

18,474

19,813

5,400

At 30 June 2018

Net book value

5,400

17,127

8,551

9,753

40,831

At 30 June 2017

8,100

19,891

11,401

10,524

49,916

4. Trade and other receivables

2017

2018

Trade debtors

20,724

42,895

Prepayments and accrued income

2,875

3,476

46,371

23,599

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For the year ended 30 June 2018

Radnor Oak Limited

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2017

2018

Bank loans and overdraft (secured)

4,654

Trade creditors

57,129

28,453

Taxation and social security

48,090

61,523

Accruals and deferred income

5,672

4,012

Directors' loan accounts

310

270

Obligations under HP/Financial leases

4,400

7,291

Other creditors

411

143

120,666

106,346

6. Trade and other payables: amounts falling due after more than one year

2017

2018

Bank loans and overdraft (secured)

33,809

38,483

7,324

2,924

Obligations under HP/Financial leases

36,733

45,807

7. Guarantees and other financial commitments

Guarantees and contingent assets and liabilities

Natwest bank has a fixed and floating charge over the assets of the company.

Lease commitments

At 30 June 2018 the company had annual commitments under non-cancellable operating leases as set out below:

2017

2018

Operating leases which expire:

11,500

11,200

Within 1 year

17,733

6,707

Within 2 to 5 years

18,207

28,933

8. Average number of persons employed

During the year the average number of employees was 8 (2017 : 8)

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