Company Registration No. 09824756 (England and Wales)
Ronald James Ltd
Unaudited accounts
for the year ended 31 October 2019
Ronald James Ltd
Unaudited accounts
Contents
Ronald James Ltd
Company Information
for the year ended 31 October 2019
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 2019
Tangible assets
78,508
51,322
Cash at bank and in hand
193,935
125,295
Creditors: amounts falling due within one year
(312,466)
(222,276)
Net current assets/(liabilities)
131,965
(7,178)
Total assets less current liabilities
210,473
44,144
Creditors: amounts falling due after more than one year
(160,366)
(18,519)
Called up share capital
120
120
Profit and loss account
49,987
25,505
Shareholders' funds
50,107
25,625
For the year ending 31 October 2019 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 14 July 2020 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 2019
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 2018
-
28,250
43,237
11,646
83,133
Additions
38,750
-
31,852
629
71,231
Disposals
-
(22,750)
-
-
(22,750)
At 31 October 2019
38,750
5,500
75,089
12,275
131,614
At 1 November 2018
-
13,352
10,545
7,914
31,811
Charge for the year
3,875
1,100
25,030
4,092
34,097
On disposals
-
(12,802)
-
-
(12,802)
At 31 October 2019
3,875
1,650
35,575
12,006
53,106
At 31 October 2019
34,875
3,850
39,514
269
78,508
At 31 October 2018
-
14,898
32,692
3,732
51,322
Ronald James Ltd
Notes to the Accounts
for the year ended 31 October 2019
Trade debtors
119,694
45,801
Accrued income and prepayments
99,670
25,002
Other debtors
31,132
19,000
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
66,358
-
Trade creditors
46,883
11,474
Taxes and social security
115,820
70,625
Other creditors
14,417
85,770
Loans from directors
-
2,554
Deferred income
34,977
47,293
7
Creditors: amounts falling due after more than one year
2019
2018
8
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
20 B Ordinary shares of £1 each
20
20
9
Average number of employees
During the year the average number of employees was 10 (2018: 7).