Company Registration No. 03765660 (England and Wales)
Retirement Direct Limited
Unaudited accounts
for the year ended 31 December 2019
Retirement Direct Limited
Unaudited accounts
Contents
Retirement Direct Limited
Company Information
for the year ended 31 December 2019
Company Number
03765660 (England and Wales)
Registered Office
64 Lichfield Road
Stafford
ST17 4LW
Accountants
RBA Accountancy Limited
St Stephen's House
Laburnum Avenue
Robin Hoods Bay
North Yorkshire
YO22 4RR
Retirement Direct Limited
Statement of financial position
as at
31 December 2019
Tangible assets
1,455
1,217
Cash at bank and in hand
27,259
71,942
Creditors: amounts falling due within one year
(14,544)
(69,867)
Net current assets
31,604
20,812
Called up share capital
10,000
10,000
Profit and loss account
23,059
12,029
Shareholders' funds
33,059
22,029
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 January 2020.
Stephen Platts
Director
Company Registration No. 03765660
Retirement Direct Limited
Notes to the Accounts
for the year ended 31 December 2019
Retirement Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 03765660. The registered office is 64 Lichfield Road, Stafford, ST17 4LW.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20.00% on cost
Fixtures & fittings
16.67 % on cost
Computer equipment
33.33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Retirement Direct Limited
Notes to the Accounts
for the year ended 31 December 2019
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2019
51,691
42,913
94,604
At 31 December 2019
52,535
42,913
95,448
At 1 January 2019
50,722
42,665
93,387
Charge for the year
450
156
606
At 31 December 2019
51,172
42,821
93,993
At 31 December 2019
1,363
92
1,455
At 31 December 2018
969
248
1,217
Accrued income and prepayments
18,889
18,737
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Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
261
67
Amounts owed to group undertakings and other participating interests
-
40,000
Taxes and social security
5,953
18,749
Other creditors
5,000
5,000
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Transactions with related parties
As at 31 December 2019 the company owed £Nil (2018: £40,000) to its parent company PMCO Limited in respect of unremitted dividends. This amount is interest free and payable on demand.
The controlling party is Mr S Platts.
Mrs S Platts and Mr M Migowski are the ultimate controlling parties by virtue of their shareholdings in the Ultimate Parent Undertaking.
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Average number of employees
During the year the average number of employees was 1 (2018: 1).