R.J. BLACKMORE LIMITED Filleted accounts for Companies House (small and micro)

R.J. BLACKMORE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01214137

R.J. BLACKMORE LIMITED

Filleted Unaudited Financial Statements

For the year ended

31 March 2018

R.J. BLACKMORE LIMITED

Financial Statements

Year ended 31 March 2018

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

R.J. BLACKMORE LIMITED

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5		182,894	183,017

Current assets

Debtors	6	6,029	5,764
Cash at bank and in hand		108,344	142,103
		---------	---------
		114,373	147,867

Creditors: amounts falling due within one year	7	( 32,217)		( 27,385)
		---------		---------
Net current assets			82,156	120,482
			---------	---------
Total assets less current liabilities			265,050	303,499

Provisions

Taxation including deferred tax	8	( 17,286)	( 17,286)
		---------	---------
Net assets		247,764	286,213
		---------	---------

Capital and reserves

Called up share capital	10	1,000	1,000
Non-distributable reserves		84,395	84,395
Profit and loss account		162,369	200,818
		---------	---------
Shareholders funds		247,764	286,213
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

R.J. BLACKMORE LIMITED

Statement of Financial Position (continued)

31 March 2018

These financial statements were approved by the board of directors and authorised for issue on 17 December 2018 , and are signed on behalf of the board by:

C R BLACKMORE
Director

Company registration number: 01214137

R.J. BLACKMORE LIMITED

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Grove Gardens, Teddington, Middlesex, TW11 8AR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, other than investment properties measured at fair value through profit or loss. The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on provision of services.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2017: 2 ).

5. Tangible assets

	Investment property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2017	180,000	28,767	10,142	218,909
Additions	–	360	–	360
	---------	--------	--------	---------
At 31 March 2018	180,000	29,127	10,142	219,269
	---------	--------	--------	---------
Depreciation
At 1 April 2017	–	25,824	10,068	35,892
Charge for the year	–	464	19	483
	---------	--------	--------	---------
At 31 March 2018	–	26,288	10,087	36,375
	---------	--------	--------	---------
Carrying amount
At 31 March 2018	180,000	2,839	55	182,894
	---------	--------	--------	---------
At 31 March 2017	180,000	2,943	74	183,017
	---------	--------	--------	---------

Included within the above is investment property as follows:

	£
	---------
At 1 April 2017 and 31 March 2018	180,000
	---------

The fair value of the investment property has been arrived at by the valuation carried out by the director. The fair value is based on the market value and market rent of the property.

6. Debtors

	2018	2017
	£	£
Trade debtors	5,384	5,043
Other debtors	645	721
	-------	-------
	6,029	5,764
	-------	-------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	7,136	5,280
Social security and other taxes	2,225	2,468
Other creditors	22,856	19,637
	--------	--------
	32,217	27,385
	--------	--------

8. Provisions

	Deferred tax (note 9)
	£
At 1 April 2017 and 31 March 2018	17,286
	--------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2018	2017
	£	£
Included in provisions (note 8)	17,286	17,286
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2018	2017
	£	£
Fair value adjustment of investment property	17,286	17,286
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	2018		2017
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000.00	1,000	1,000.00
	-------	----------	-------	----------

11. Related party transactions

The company entered into the following related party transactions during the year:

Nature of Relationship	Transaction Type	2018	2017
		£	£
Director	Sales made to	-	2,645

	Business use of home	520	520

Director	Sales made to	1,636	825