Rayward Installations Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08409886 (England and Wales)

Financial Statements

for the Year Ended 28th February 2018

for

Rayward Installations Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C Rayward

REGISTERED OFFICE:

Unit 4

Cranleigh Works

Cranleigh

Surrey

GU6 8SB

REGISTERED NUMBER:

08409886 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

2 West Street

Henley On Thames

Oxfordshire

RG9 2DU

FIXED ASSETS

Tangible assets

4

2,947

4,342

CURRENT ASSETS

Stocks

2,428

18,495

Debtors

110,590

95,693

113,018

114,188

CREDITORS

Amounts falling due within one year

122,476

93,302

NET CURRENT (LIABILITIES)/ASSETS

(9,458

)

20,886

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,511

)

25,228

CREDITORS

Amounts falling due after more than one year

24,498

17,554

NET (LIABILITIES)/ASSETS

(31,009

)

7,674

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(31,109

)

7,574

SHAREHOLDERS' FUNDS

(31,009

)

7,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28th February 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 20th November 2018 and were signed by:

J C Rayward - Director

1.	STATUTORY INFORMATION

Rayward Installations 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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st March 2017

9,553

Additions

1,560

Disposals

(2,400

)

At 28th February 2018

8,713

DEPRECIATION

At 1st March 2017

5,211

Charge for year

1,155

Eliminated on disposal

(600

)

At 28th February 2018

5,766

NET BOOK VALUE

At 28th February 2018

2,947

At 28th February 2017

4,342

5.

LOANS

An analysis of the maturity of loans is given below:

28.2.18

28.2.17

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

8,333

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.18

28.2.17

value:

£

£

70

Ordinary

£1

70

70

30

Ordinary A

£1

30

30

100

100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2018 and

28th February 2017:

28.2.18

28.2.17

£

£

J C Rayward

Balance outstanding at start of year

33,614

34,148

Amounts advanced

34,246

-

Amounts repaid

-

(534

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

67,860

33,614