Refresh NW Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05732176 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

REFRESH NW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Marsh

SECRETARY:

REGISTERED OFFICE:

39 Northgate

White Lund

Morecambe

Lancashire

LA3 3PA

REGISTERED NUMBER:

05732176 (England and Wales)

ACCOUNTANTS:

RFM Lancaster

39 Northgate

White Lund

Morecambe

Lancashire

LA3 3PA

FIXED ASSETS

Intangible assets

4

14,400

16,200

Tangible assets

5

5,336

7,115

19,736

23,315

CURRENT ASSETS

Stocks

450

500

Debtors

6

975

635

Cash at bank

3,068

958

4,493

2,093

CREDITORS

Amounts falling due within one year

7

13,446

16,407

NET CURRENT LIABILITIES

(8,953

)

(14,314

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,783

9,001

CREDITORS

Amounts falling due after more than one year

8

15,837

14,192

NET LIABILITIES

(5,054

)

(5,191

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(5,055

)

(5,192

)

SHAREHOLDERS' FUNDS

(5,054

)

(5,191

)

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 21 December 2018 and were signed by:

J Marsh - Director

1.	STATUTORY INFORMATION

Refresh NW 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

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

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

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 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.

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 NIL (2017 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

18,000

AMORTISATION

At 1 April 2017

1,800

Charge for year

1,800

At 31 March 2018

3,600

NET BOOK VALUE

At 31 March 2018

14,400

At 31 March 2017

16,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

21,368

DEPRECIATION

At 1 April 2017

14,253

Charge for year

1,779

At 31 March 2018

16,032

NET BOOK VALUE

At 31 March 2018

5,336

At 31 March 2017

7,115

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

391

391

Other debtors

584

244

975

635

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

(1

)

-

Other creditors

13,447

16,407

13,446

16,407

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

15,837

14,192