Rugby Manufacturing Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02761241 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

RUGBY MANUFACTURING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Marshall

SECRETARY:

G Marshall

REGISTERED OFFICE:

The Cottage

Wolston Grange

Rugby

Warwickshire

CV23 9HJ

REGISTERED NUMBER:

02761241 (England and Wales)

ACCOUNTANTS:

PWH Accountancy Ltd

The Counting House

High Street

Lutterworth

Leicestershire

LE17 4AY

FIXED ASSETS

Tangible assets

4

5,255

11,423

CURRENT ASSETS

Stocks

3,750

3,750

Debtors

5

30,366

29,674

Cash at bank and in hand

83

3,014

34,199

36,438

CREDITORS

Amounts falling due within one year

6

38,592

35,231

NET CURRENT (LIABILITIES)/ASSETS

(4,393

)

1,207

TOTAL ASSETS LESS CURRENT LIABILITIES

862

12,630

PROVISIONS FOR LIABILITIES

7

817

-

NET ASSETS

45

12,630

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

43

12,628

SHAREHOLDERS' FUNDS

45

12,630

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 28 November 2018 and were signed by:

S Marshall - Director

1.	STATUTORY INFORMATION

Rugby Manufacturing Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% 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.

Financial instruments

Financial assets

Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of

receivables is established where there is objective evidence that the company will not be able to collect all

amounts due according to the original terms of payment. Receivables are considered for impairment on a case by

case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities

The company's financial liabilities include trade and other payables, which are measured at amortised cost using

the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the

contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in

which they are incurred.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid

investments with original maturities of three months or less, and bank overdrafts.

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

32,835

979

7,800

41,614

Disposals

-

-

(7,800

)

(7,800

)

At 31 March 2018

32,835

979

-

33,814

DEPRECIATION

At 1 April 2017

27,484

147

2,560

30,191

Charge for year

803

125

-

928

Eliminated on disposal

-

-

(2,560

)

(2,560

)

At 31 March 2018

28,287

272

-

28,559

NET BOOK VALUE

At 31 March 2018

4,548

707

-

5,255

At 31 March 2017

5,351

832

5,240

11,423

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

17,080

19,508

Directors' current accounts

13,286

10,166

30,366

29,674

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

772

-

Trade creditors

3,302

948

Tax

5,699

8,294

Social security and other taxes

3,730

3,730

VAT

10,174

8,719

Accrued expenses

14,915

13,540

38,592

35,231

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

817

-

Deferred

tax

£

Provided during year

817

Balance at 31 March 2018

817

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2017

12,628

Deficit for the year

(2,185

)

Dividends

(10,400

)

At 31 March 2018

43

10.	RELATED PARTY DISCLOSURES

As at 31 March 2018 an amount of £13,286 (2017- £10,166) was owed by director to the company.This amount

is shown under debtors in the balance sheet and was repaid within 9 months of the company's year end.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Marshall.