Company Registration No. 04706243 (England and Wales)
RAJW CONSULTING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019
PAGES FOR FILING WITH REGISTRAR
RAJW CONSULTING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RAJW CONSULTING LTD
BALANCE SHEET
AS AT
30 APRIL 2019
30 April 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
2
340
669
Current assets
Cash at bank and in hand
3
24
Creditors: amounts falling due within one year
3
(51,083)
(49,039)
Net current liabilities
(51,080)
(49,015)
Total assets less current liabilities
(50,740)
(48,346)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
4
(50,840)
(48,446)
Total equity
(50,740)
(48,346)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
The notes on pages 2 - 4 form an integral part of these financial statements.
For the financial year ended 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 Section 1A
The financial statements were approved and signed by the director and authorised for issue on 19 August 2019
R Walton
Director
Company Registration No. 04706243
RAJW CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019
- 2 -
1
Accounting policies
Company information
RAJW Consulting Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Airport House, Suite 43-45 Purley Way, Croydon, Surrey, CR0 0XZ.
The principal activity of the company during the period ended was that of marketing consultant.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The accounts are prepared on the basis that the director of the company has agreed that they will not withdraw funds until the company has the available profits and cash flow and continue to support the company for the foreseeable future.
true
At the balance sheet date, liabilities exceed assets by £
50,740
(2018 : £
48,346
). However the financial statements have been prepared on a going concern basis as the company has the continuing support from its director and majority shareholder, Roland Arthur John Walton. The director is therefore satisfied that the financial statements have been correctly prepared on the going concern basis.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
33% Straight Line Method
1.5
Financial instruments
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.
1.6
Deferred tax
Deferred tax is
not
recognised in respect of all material timing differences that have originated but
not reversed
at the balance sheet date.
RAJW CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2019
1
Accounting policies
(Continued)
- 3 -
1.7
Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or
constructive
obligation that probably requires settlement by a transfer of economic benefit and a reliable
estimate can
be made of the amount of the obligation.
Provisions are charged as an expense to the statement of income and retained earnings in the
year that
the company becomes aware of the obligation and are measured at the best estimate at the
Balance sheet
date of the expenditure required to settle the obligation, taking into account relevant risks and
uncertainties.
When payments are eventually made, they are charged to the provision carried in Balance sheet.
2
Tangible fixed assets
Computer equipment
£
Cost
At 1 May 2018 and 30 April 2019
999
Depreciation and impairment
At 1 May 2018
329
Depreciation charged in the year
330
At 30 April 2019
659
Carrying amount
At 30 April 2019
340
At 30 April 2018
669
3
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
50,434
48,390
Accruals and deferred income
649
649
51,083
49,039
The director considers the carrying amounts of current liabilities approximate to their fair values
4
Reserves
Profit and loss reserves
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.
RAJW CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2019
- 4 -
5
Related party transactions
At the balance sheet date included in other creditors were amounts of £
50,434
(201
8
: £48,
390
) due to the director Roland Arthur John Walton.