R L P Dry Lining Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08039843 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2018

FOR

R L P DRY LINING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R L Piesley

Mrs K Piesley

REGISTERED OFFICE:

12 Romney Place

Maidstone

Kent

ME15 6LE

REGISTERED NUMBER:

08039843 (England and Wales)

ACCOUNTANTS:

Mackenzies

Chartered Accountants

12 Romney Place

Maidstone

Kent

ME15 6LE

FIXED ASSETS

Intangible assets

4

4,000

5,000

Tangible assets

5

25,240

46,301

29,240

51,301

CURRENT ASSETS

Debtors

6

60,905

47,309

Cash at bank

10

5,198

60,915

52,507

CREDITORS

Amounts falling due within one year

7

52,162

52,267

NET CURRENT ASSETS

8,753

240

TOTAL ASSETS LESS CURRENT LIABILITIES

37,993

51,541

CREDITORS

Amounts falling due after more than one year

8

22,684

37,989

NET ASSETS

15,309

13,552

CAPITAL AND RESERVES

Called up share capital

9

2

1

Retained earnings

10

15,307

13,551

SHAREHOLDERS' FUNDS

15,309

13,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 5 September 2018 and were signed on its behalf by:

Mr R L Piesley - Director

1.	STATUTORY INFORMATION

R L P Dry Lining 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

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 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.

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 30 April 2017

and 29 April 2018

10,000

AMORTISATION

At 30 April 2017

5,000

Charge for year

1,000

At 29 April 2018

6,000

NET BOOK VALUE

At 29 April 2018

4,000

At 29 April 2017

5,000

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 30 April 2017

70,296

Additions

23,638

Disposals

(56,942

)

At 29 April 2018

36,992

DEPRECIATION

At 30 April 2017

23,995

Charge for year

8,413

Eliminated on disposal

(20,656

)

At 29 April 2018

11,752

NET BOOK VALUE

At 29 April 2018

25,240

At 29 April 2017

46,301

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 30 April 2017

70,296

Additions

23,638

Disposals

(56,942

)

At 29 April 2018

36,992

DEPRECIATION

At 30 April 2017

23,995

Charge for year

8,413

Eliminated on disposal

(20,656

)

At 29 April 2018

11,752

NET BOOK VALUE

At 29 April 2018

25,240

At 29 April 2017

46,301

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

40,499

-

Other debtors

20,370

47,309

VAT

36

-

60,905

47,309

Other debtors represent CIS tax suffered on income in the previous accounting periods.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

4,098

5,772

Hire purchase contracts

5,513

7,787

Trade creditors

17,240

-

Tax

20,494

27,205

Social security and other taxes

1,832

-

VAT

-

4,046

Other creditors

1,097

2,238

Directors' current accounts

683

1,664

Accrued expenses

1,205

3,555

52,162

52,267

Other creditors represent an amount of £1,097 (2017: £2,238) owed to the credit card company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

22,684

37,989

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

NIL

Ordinary

£1

-

1

1

Ordinary A shares

£1

1

-

1

Ordinary B shares

£1

1

-

2

1

The following shares were issued during the year for cash at par :

1 Ordinary B shares share of £1

10.

RESERVES

Retained

earnings

£

At 30 April 2017

13,551

Profit for the year

45,756

Dividends

(44,000

)

At 29 April 2018

15,307

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Piesley.