Company Registration No. 05952894 (England and Wales)
Reading & Wokingham Services Limited
Unaudited accounts
for the year ended 31 October 2019
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Reading & Wokingham Services Limited for the year ended 31 October 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Reading & Wokingham Services Limited for the year ended
31 October 2019 as set out on pages
3 -
5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Reading & Wokingham Services Limited, as a body, in accordance with the terms of our engagement letter dated 6 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of Reading & Wokingham Services Limited and state those matters that we have agreed to state to the Board of Directors of Reading & Wokingham Services Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reading & Wokingham Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Reading & Wokingham Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Reading & Wokingham Services Limited. You consider that Reading & Wokingham Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Reading & Wokingham Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Anthony Platt
Chartered Accountants
Thames Bridge Accountants
Stubbings Estates, Stubbings Lane
Maidenhead
Berkshire
SL6 6QL
19 August 2020
Reading & Wokingham Services Limited
Statement of financial position
as at
31 October 2019
Intangible assets
70,000
80,000
Tangible assets
806,711
907,831
Cash at bank and in hand
67,611
9,345
Creditors: amounts falling due within one year
(441,900)
(435,383)
Net current liabilities
(170,041)
(250,144)
Total assets less current liabilities
706,670
737,687
Creditors: amounts falling due after more than one year
(464,115)
(521,943)
Provisions for liabilities
Deferred tax
(138,895)
(142,031)
Net assets
103,660
73,713
Called up share capital
100
100
Profit and loss account
103,560
73,613
Shareholders' funds
103,660
73,713
For the year ending 31 October 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2020 and were signed on its behalf by
Mark Way
Director
Company Registration No. 05952894
Reading & Wokingham Services Limited
Notes to the Accounts
for the year ended 31 October 2019
Reading & Wokingham Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05952894. The registered office is 33 Murray Road, Wokingham, Berkshire, RG41 2DA.
2
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.
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:
Motor vehicles
20% on Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total
At 1 November 2018
200,000
At 31 October 2019
200,000
At 1 November 2018
120,000
Charge for the year
10,000
At 31 October 2019
130,000
At 31 October 2019
70,000
At 31 October 2018
80,000
Reading & Wokingham Services Limited
Notes to the Accounts
for the year ended 31 October 2019
5
Tangible fixed assets
Total
At 1 November 2018
1,238,495
At 31 October 2019
1,216,795
At 1 November 2018
330,664
Charge for the year
128,769
At 31 October 2019
410,084
At 31 October 2019
806,711
At 31 October 2018
907,831
6
Average number of employees
During the year the average number of employees was 10 (2018: 10).