Company Registration No. 09824756 (England and Wales)
Ronald James Ltd
Unaudited accounts
for the year ended 31 October 2020
Ronald James Ltd
Unaudited accounts
Contents
Ronald James Ltd
Company Information
for the year ended 31 October 2020
Director
Blackwell, James
Company Number
09824756 (England and Wales)
Registered Office
Northumbria House
Samson Close
Killingworth
Tyne & Wear
NE12 6DX
Ronald James Ltd
Statement of financial position
as at
31 October 2020
Tangible assets
105,129
78,508
Cash at bank and in hand
630,633
193,935
Creditors: amounts falling due within one year
(560,340)
(312,466)
Net current assets
418,585
131,965
Total assets less current liabilities
523,714
210,473
Creditors: amounts falling due after more than one year
(230,202)
(160,366)
Net assets
293,512
50,107
Called up share capital
140
120
Profit and loss account
293,372
49,987
Shareholders' funds
293,512
50,107
For the year ending 31 October 2020 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.
The financial statements were approved by the Board and authorised for issue on 5 July 2021 and were signed on its behalf by
Blackwell, James
Director
Company Registration No. 09824756
Ronald James Ltd
Notes to the Accounts
for the year ended 31 October 2020
Ronald James Ltd is a private company, limited by shares, registered in England and Wales, registration number 09824756. The registered office is Northumbria House, Samson Close, Killingworth, Tyne & Wear, NE12 6DX.
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:
Land & buildings
Straight line over 10 years
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
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2019
38,750
5,500
75,089
12,275
131,614
Additions
-
61,667
8,248
7,219
77,134
Disposals
-
(5,500)
-
-
(5,500)
At 31 October 2020
38,750
61,667
83,337
19,494
203,248
At 1 November 2019
3,875
1,650
35,575
12,006
53,106
Charge for the year
3,875
12,333
27,779
2,676
46,663
On disposals
-
(1,650)
-
-
(1,650)
At 31 October 2020
7,750
12,333
63,354
14,682
98,119
At 31 October 2020
31,000
49,334
19,983
4,812
105,129
At 31 October 2019
34,875
3,850
39,514
269
78,508
Ronald James Ltd
Notes to the Accounts
for the year ended 31 October 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
125,997
119,694
Accrued income and prepayments
85,029
99,670
Other debtors
137,266
31,132
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
50,000
66,358
Trade creditors
26,070
46,883
Taxes and social security
297,402
115,820
Other creditors
28,518
14,417
Deferred income
66,423
34,977
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
230,202
160,366
8
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
40 B Ordinary shares of £1 each
40
20
Shares issued during the period:
20 B Ordinary shares of £1 each
20
9
Average number of employees
During the year the average number of employees was 9 (2019: 10).