Radcot Armoured Components
|
Registered Number
:
03487816
|
For the year ended 31 December 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2018
Radcot Armoured Components
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Radcot Armoured Components
Statement of Financial Position
2017
2018
200,000
200,000
2
Property
,
plant and equipment
|
128,851
111,657
3
328,851
311,657
54,000
54,000
4
Trade and other receivables
|
88,444
83,508
5
350,148
Cash and cash equivalents
|
331,361
468,869
492,592
Trade and other payables
:
amounts falling due within one
|
year
|
(39,897)
(47,301)
6
452,695
421,568
Net current assets
Total assets less current liabilities
|
750,419
764,352
750,419
Net assets
764,352
101
101
750,318
764,251
750,419
764,352
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the
|
end of each financial year and of its profit or loss for each financial year in accordance with the requirements
|
of Section
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
|
relating to financial statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 December 2018
Radcot Armoured Components
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 23 September 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2018
Radcot Armoured Components
Notes to the Financial Statements
Statutory Information
Radcot Armoured Components is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
03487816
.
|
Park Road
Faringdon
Oxon
SN7 7BP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Fixtures and fittings
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the
|
expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such
|
depreciation would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2018
Radcot Armoured Components
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
200,000
200,000
200,000
200,000
3
.
Property
,
plant and equipment
|
Motor vehicles
284,181
5,803
37,139
202,656
38,583
47,282
-
33,250
14,032
-
216,688
70,389
5,803
331,463
38,583
Provision for depreciation and impairment
|
172,524
5,803
8,846
157,875
-
Charge for year
30,088
-
15,385
14,703
-
202,612
5,803
24,231
172,578
-
38,583
44,110
46,158
-
128,851
38,583
44,781
28,293
-
111,657
2017
2018
54,000
54,000
5
.
Trade and other receivables
|
2017
2018
80,072
83,201
3,436
5,243
88,444
83,508
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For the year ended 31 December 2018
Radcot Armoured Components
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
28,379
20,329
Taxation and social security
|
18,904
12,515
18
7,053
47,301
39,897
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