Company Registration No. 09824756 (England and Wales)
Ronald James Ltd
Unaudited accounts
for the year ended 31 October 2017
Ronald James Ltd
Unaudited accounts
Contents
Ronald James Ltd
Company Information
for the year ended 31 October 2017
Director
Blackwell, James
Company Number
09824756 (England and Wales)
Registered Office
1 Ground Floor
Park Road, Gosforth Business Park
Newcastle Upon Tyne
United Kingdom
NE12 8DG
Ronald James Ltd
Statement of financial position
as at
31 October 2017
Tangible assets
37,887
23,777
Cash at bank and in hand
60,324
68,191
Creditors: amounts falling due within one year
(128,787)
(115,550)
Net current liabilities
(29,151)
(14,785)
Total assets less current liabilities
8,736
8,992
Creditors: amounts falling due after more than one year
(8,434)
(8,414)
Called up share capital
1
1
Profit and loss account
301
577
Shareholders' funds
302
578
For the year ending 31 October 2017 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 9 July 2018.
Blackwell, James
Director
Company Registration No. 09824756
Ronald James Ltd
Notes to the Accounts
for the year ended 31 October 2017
Ronald James Ltd is a private company, limited by shares, registered in England and Wales, registration number 09824756. The registered office is 1 Ground Floor, Park Road, Gosforth Business Park, Newcastle Upon Tyne, United Kingdom, NE12 8DG.
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.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 14 October 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Straight line over 5 years
Fixtures & fittings
Straight line over 3 years
Computer equipment
Straight line over 3 years
Ronald James Ltd
Notes to the Accounts
for the year ended 31 October 2017
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2016
22,750
2,069
6,298
31,117
Additions
-
19,500
2,924
22,424
At 31 October 2017
22,750
21,569
9,222
53,541
At 1 November 2016
4,550
690
2,100
7,340
Charge for the year
4,550
690
3,074
8,314
At 31 October 2017
9,100
1,380
5,174
15,654
At 31 October 2017
13,650
20,189
4,048
37,887
At 31 October 2016
18,200
1,379
4,198
23,777
Trade debtors
6,996
20,143
Accrued income and prepayments
6,331
-
Other debtors
25,985
12,431
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
7,785
Taxes and social security
16,936
44,869
Proposed dividends
25,985
-
Other creditors
53,378
60,179
Loans from directors
1,493
2,717
7
Creditors: amounts falling due after more than one year
2017
2016
8
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).