Redcar DP Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06130214 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Redcar DP Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Racz

R Zicska

SECRETARY:

R Zicska

REGISTERED OFFICE:

178 York Road

Hartlepool

Cleveland

TS26 9EA

REGISTERED NUMBER:

06130214 (England and Wales)

ACCOUNTANTS:

Flannagans - Hartlepool office

Hub One, First Floor, Unit's 204 & 206

The Innovation Centre, Venture Court

Queens Meadow Business Park

Hartlepool

TS25 5TG

FIXED ASSETS

Intangible assets

4

13,259

22,856

Tangible assets

5

58,371

35,341

71,630

58,197

CURRENT ASSETS

Stocks

15,646

4,192

Debtors

173,875

159,962

Cash at bank and in hand

13,091

31,620

202,612

195,774

CREDITORS

Amounts falling due within one year

275,693

232,084

NET CURRENT LIABILITIES

(73,081

)

(36,310

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,451

)

21,887

CREDITORS

Amounts falling due after more than one year

24,273

68,400

NET LIABILITIES

(25,724

)

(46,513

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(25,824

)

(46,613

)

SHAREHOLDERS' FUNDS

(25,724

)

(46,513

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 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 Board of Directors on 30 November 2018 and were signed on its behalf by:

M Racz - Director

R Zicska - Director

1.	STATUTORY INFORMATION

Redcar DP Limited 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.

Goodwill

Goodwill is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at

cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost and 15% on reducing balance

Stocks

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

and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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 17 (2017 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2017

and 28 February 2018

110,800

AMORTISATION

At 1 March 2017

87,944

Amortisation for year

9,597

At 28 February 2018

97,541

NET BOOK VALUE

At 28 February 2018

13,259

At 28 February 2017

22,856

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2017

166,144

Additions

35,374

At 28 February 2018

201,518

DEPRECIATION

At 1 March 2017

130,803

Charge for year

12,344

At 28 February 2018

143,147

NET BOOK VALUE

At 28 February 2018

58,371

At 28 February 2017

35,341

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals

£

COST

At 1 March 2017

and 28 February 2018

13,992

DEPRECIATION

At 1 March 2017

10,370

Charge for year

639

At 28 February 2018

11,009

NET BOOK VALUE

At 28 February 2018

2,983

At 28 February 2017

3,622

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdraft

905

-

Bank loans

65,900

73,400

66,805

73,400

7.	RELATED PARTY DISCLOSURES

1. At the end of the period the company owes the directors the sum of £5

2. During the period the company has the following related parties:

Stockton DP Ltd

Hartlepool DP Ltd

Sunderland DP Ltd

Scarborough DP Ltd

Washington DP Ltd

Middlesbrough DP Ltd

Chester Le Street DP Ltd

Oldham & Openshaw DP Ltd

Bishop Auckland DP Ltd

Houghton DP Ltd

Sunderland II DP Ltd

Burnley DP Ltd

Consett DP Ltd

Colne DP Ltd

Viral Effect Ltd

VE Mercury Ltd

Eighty8 Design Ltd

Red & Racz Ltd

Purple World Ltd

Racz Consultancy Ltd

Racz Investment Ltd

Kimm Health & Leisure Ltd

Gym Factory Gateshead Ltd

Gym Factory Ltd

Gym Factory Swindon Ltd

Gym Factory Leeds I Ltd

Gym Factory Newcastle I Ltd

Gym Factory Newcastle II Ltd

Gym Factory Durham Ltd

Great Plan Consulting Ltd

8.	ULTIMATE CONTROLLING PARTY

During the period the company was under the control of the Director's.

The company's tax status is a close company.

9.	GOING CONCERN

The directors have reviewed a period of 12 months from approval of these financial statements and

concluded the company is able to meet all its liabilities as they fall due. As a result it is appropriate to

prepare the accounts on going concern basis.