Rycal Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07472982 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

RYCAL GROUP LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Calton

N A Willis

REGISTERED OFFICE:

Lime Kiln House

Lime Kiln

Royal Wootton Bassett

Wiltshire

SN4 7HF

REGISTERED NUMBER:

07472982 (England and Wales)

ACCOUNTANTS:

Nigel B Butler Limited

Manor House Enterprise Ctr.

High Street

Royal Wootton Bassett

Wiltshire

SN4 7HH

FIXED ASSETS

Tangible assets

4

2,528

2,566

CURRENT ASSETS

Debtors

5,257

12,724

Cash at bank and in hand

131

10,166

5,388

22,890

CREDITORS

Amounts falling due within one year

145,332

142,727

NET CURRENT LIABILITIES

(139,944

)

(119,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(137,416

)

(117,271

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(137,616

)

(117,471

)

SHAREHOLDERS' FUNDS

(137,416

)

(117,271

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 21 December 2018 and were signed on its behalf by:

N A Willis - Director

1.	STATUTORY INFORMATION

Rycal Group 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

6,057

Additions

804

At 31 December 2017

6,861

DEPRECIATION

At 1 January 2017

3,491

Charge for year

842

At 31 December 2017

4,333

NET BOOK VALUE

At 31 December 2017

2,528

At 31 December 2016

2,566

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Calton.