Company Registration No. 09824756 (England and Wales)
Ronald James Ltd
Unaudited accounts
for the year ended 31 October 2018
Ronald James Ltd
Unaudited accounts
Contents
Ronald James Ltd
Company Information
for the year ended 31 October 2018
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 2018
Tangible assets
51,322
37,887
Cash at bank and in hand
125,295
60,324
Creditors: amounts falling due within one year
(222,276)
(128,787)
Net current liabilities
(7,178)
(29,151)
Total assets less current liabilities
44,144
8,736
Creditors: amounts falling due after more than one year
(18,519)
(8,434)
Called up share capital
120
1
Profit and loss account
25,505
301
Shareholders' funds
25,625
302
For the year ending 31 October 2018 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 24 May 2019.
Blackwell, James
Director
Company Registration No. 09824756
Ronald James Ltd
Notes to the Accounts
for the year ended 31 October 2018
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.
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 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
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2017
22,750
21,569
9,222
53,541
Additions
5,500
21,668
2,424
29,592
At 31 October 2018
28,250
43,237
11,646
83,133
At 1 November 2017
9,100
1,380
5,174
15,654
Charge for the year
4,252
9,165
2,740
16,157
At 31 October 2018
13,352
10,545
7,914
31,811
At 31 October 2018
14,898
32,692
3,732
51,322
At 31 October 2017
13,650
20,189
4,048
37,887
Ronald James Ltd
Notes to the Accounts
for the year ended 31 October 2018
Trade debtors
45,801
6,996
Accrued income and prepayments
25,002
6,331
Other debtors
19,000
25,985
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
11,474
30,995
Taxes and social security
70,625
16,936
Proposed dividends
-
25,985
Other creditors
85,770
53,378
Loans from directors
2,554
1,493
7
Creditors: amounts falling due after more than one year
2018
2017
8
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
1
20 B Ordinary shares of £1 each
20
-
Shares issued during the period:
99 Ordinary shares of £1 each
99
20 B Ordinary shares of £1 each
20
9
Average number of employees
During the year the average number of employees was 7 (2017: 3).