Rangeball UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03218917 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Rangeball UK Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Yallop

J Yallop

SECRETARY:

J Yallop

REGISTERED OFFICE:

The Oaks

Snipe Farm Road

Clopton

Woodbridge

REGISTERED NUMBER:

03218917 (England and Wales)

ACCOUNTANTS:

ALS Accountancy Services

Rivendell

Church Road

Battisford

Stowmarket

Suffolk

IP14 2HE

FIXED ASSETS

Tangible assets

4

34,421

362,704

CURRENT ASSETS

Stocks

385,954

351,858

Debtors

246,121

270,293

Cash at bank

1,066,812

966,969

1,698,887

1,589,120

CREDITORS

Amounts falling due within one year

190,661

96,423

NET CURRENT ASSETS

1,508,226

1,492,697

TOTAL ASSETS LESS CURRENT LIABILITIES

1,542,647

1,855,401

PROVISIONS FOR LIABILITIES

6,310

3,663

NET ASSETS

1,536,337

1,851,738

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,536,237

1,851,638

1,536,337

1,851,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Financial Position for the year ended 31 March 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 3 December 2018 and were signed on its behalf by:

J Yallop - Director

1.	STATUTORY INFORMATION

Rangeball UK 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance and 10% 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.

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 statement of financial position date.

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.

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.

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

412,656

Additions

17,980

Disposals

(343,059

)

At 31 March 2018

87,577

DEPRECIATION

At 1 April 2017

49,952

Charge for year

3,204

At 31 March 2018

53,156

NET BOOK VALUE

At 31 March 2018

34,421

At 31 March 2017

362,704

5.	RELATED PARTY DISCLOSURES

The company sold the freehold property to A and J Yallop for £350,000 during the year.

The company purchased goods to the value of £102,892 from EGM Products Limited and paid wages costs of

£19,740 to European Golf Machinery Limited

A and J Yallop are directors and shareholders of these companies.