R A M (NI) LTD

R A M (NI) LTD

R A M (NI) LTD - Company Information

Print Friendly Version

R A M (NI) LTD

Company Registration Number:
NI070233 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 July 2018

Period of accounts

Start date: 01 August 2017

End date: 31 July 2018

R A M (NI) LTD

Contents of the Financial Statements

for the Period Ended 31 July 2018

Balance sheet
Notes

R A M (NI) LTD

Balance sheet

As at 31 July 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 29,348 58,428
Total fixed assets: 29,348 58,428
Current assets
Debtors:   65,791 163,892
Total current assets: 65,791 163,892
Creditors: amounts falling due within one year: 4 (192,644) (230,925)
Net current assets (liabilities): (126,853) (67,033)
Total assets less current liabilities: (97,505) (8,605)
Creditors: amounts falling due after more than one year: 5 (2,269) (21,471)
Total net assets (liabilities): (99,774) (30,076)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (99,776) (30,078)
Shareholders funds: (99,774) (30,076)

The notes form part of these financial statements

R A M (NI) LTD

Balance sheet statements

For the year ending 31 July 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 October 2018
and signed on behalf of the board by:

Name: Stephen Chambers
Status: Director

The notes form part of these financial statements

R A M (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over theirexpected useful lives as follows:Motor vehicles-20% straight lineThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

R A M (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

2. Employees

2018 2017
Average number of employees during the period 1 2

R A M (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

3. Tangible Assets

Total
Cost £
At 01 August 2017 155,817
At 31 July 2018 155,817
Depreciation
At 01 August 2017 97,389
Charge for year 29,080
At 31 July 2018 126,469
Net book value
At 31 July 2018 29,348
At 31 July 2017 58,428

R A M (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

4. Creditors: amounts falling due within one year note

Bank overdrafts: 2018 £50,990, 2017 £44,833Net obligations under hire purchase contracts: 2018 £26,889, 2017 £39,921Trade creditors: 2018 £2,325, 2017 £23,773Taxation: 2018 28,817, 2017 £40,034Directors current account: 2018 £0, 2017 £7,835Other creditors: 2018 £79,386, 2017 £71,529Accruals: 2018 £4,237, 2017 £3,000Totals: 2018 £192,644, 2017 £230,925

R A M (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

5. Creditors: amounts falling due after more than one year note

Finance leases and hire purchase contracts: 2018 £2,269, 2017 £21,471

R A M (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

6. Related party transactions

A company registered in Northern Ireland is under common control with RAM (NI) Ltd and at the year end RAM (NI) Ltd owes £26,406 to this company.