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Financial Statements |
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for the Year Ended |
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31 December 2016 |
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for |
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Reddwerks Limited |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended |
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31 December 2016 |
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for |
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Reddwerks Limited |
Reddwerks Limited (Registered number: 02896074) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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Reddwerks Limited |
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Company Information |
for the Year Ended 31 December 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
Statutory Auditors |
28 Church Road |
Stanmore |
Middlesex |
HA7 4XR |
Reddwerks Limited (Registered number: 02896074) |
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Statement of Financial Position |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Reddwerks Limited (Registered number: 02896074) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Reddwerks Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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These financial statements for the year ended 31 December 2016 are the first financial statements of |
the company that comply with FRS 102. The date of transition is 1 January 2015. No differences to the |
reported financial position and income statement for the previous period were noted as a result of the |
transition to FRS 102. |
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The principal accounting policies adopted in the preparation of the financial statements are set out |
below and have remain unchanged from the previous year, and also have been consistently applied |
within the same accounts. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the statement of financial position date. Transactions in foreign currencies are translated into sterling |
at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account |
in arriving at the operating result. |
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Going concern |
The company will be ceasing its activities in the financial year to 31 December 2017 and therefore |
these financial statements are not prepared on a going concern basis. |
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Comparative period |
The comparative amount for inter-company balance has been restated to show as due within one year. |
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3. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Amounts owed to group undertakings |
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4. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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5. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
Reddwerks Limited (Registered number: 02896074) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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6. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
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In common with many other businesses of our size and nature we use our auditors to prepare and |
submit returns to the tax authorities and assist with the preparation of the financial statements. |
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7. | ULTIMATE PARENT COMPANY |
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The company is a wholly owned subsidiary undertaking of Dematic Reddwerks Corporation, a |
company incorporated in . USA. The registered office and business address of Dematic Reddwerks |
Corporation is 1122 S. Capital of Texas Highway, Suite 150, Austin, Texas 78746. On 31 December |
2016, Dematic Reddwerks Corporation merged with Dematic Corp. |
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The smallest group in which the results of the company are consolidated is Dematic Corp. |