RBS Engineering Limited - Accounts to registrar (filleted) - small 18.2

RBS Engineering Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 06027664(England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

RBS ENGINEERING LIMITED

RBS ENGINEERING LIMITED (REGISTERED NUMBER: 06027664)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

RBS ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTORS: RW Burton
B J Sofrin





SECRETARY: Mrs A Burton





REGISTERED OFFICE: 21 Market Place
Dereham
Norfolk
NR19 2AX





REGISTERED NUMBER: 06027664(England and Wales)





ACCOUNTANTS: Haworth & Co Limited
21 Market Place
Dereham
Norfolk
NR19 2AX

RBS ENGINEERING LIMITED (REGISTERED NUMBER: 06027664)

BALANCE SHEET
31 DECEMBER 2018

31/12/18 31/12/17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 7,252 7,654

CURRENT ASSETS
Stocks 37,240 32,560
Debtors 4 6,214 22,634
Cash at bank and in hand 16,604 6,639
60,058 61,833
CREDITORS
Amounts falling due within one year 5 61,382 67,665
NET CURRENT LIABILITIES (1,324 ) (5,832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,928

1,822

PROVISIONS FOR LIABILITIES 1,377 1,471
NET ASSETS 4,551 351

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,451 251
SHAREHOLDERS' FUNDS 4,551 351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

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 directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

RBS ENGINEERING LIMITED (REGISTERED NUMBER: 06027664)

BALANCE SHEET - continued
31 DECEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16 April 2019and were signed on its
behalf by:




RW Burton- Director



B J Sofrin- Director


RBS ENGINEERING LIMITED (REGISTERED NUMBER: 06027664)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1. STATUTORY INFORMATION

RBS Engineering Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making
due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and
handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

RBS ENGINEERING LIMITED (REGISTERED NUMBER: 06027664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Office
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2018 1,253 36,728 4,221 2,255 44,457
Additions - 1,869 - - 1,869
At 31 December 2018 1,253 38,597 4,221 2,255 46,326
DEPRECIATION
At 1 January 2018 1,248 29,995 3,774 1,786 36,803
Charge for year - 2,043 110 118 2,271
At 31 December 2018 1,248 32,038 3,884 1,904 39,074
NET BOOK VALUE
At 31 December 2018 5 6,559 337 351 7,252
At 31 December 2017 5 6,733 447 469 7,654

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/18 31/12/17
£    £   
Trade debtors 4,365 19,041
Other debtors 1,849 3,593
6,214 22,634

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/18 31/12/17
£    £   
Trade creditors 9,097 9,053
Taxation and social security 32,017 34,218
Other creditors 20,268 24,394
61,382 67,665

6. ULTIMATE CONTROLLING PARTY

The company was under the the control of Mr B Sofrin and Mr R Burton throughout the current and
proceeding financial periods by virtue of the fact that between them they owned 100% of the
company's ordinary share capital.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RBS ENGINEERING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the
company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement
and certain other primary statements and the Report of the Directors are not required to be filed
with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of RBS Engineering Limited for the year ended 31 December 2018 which
comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from
the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RBS Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RBS Engineering Limited and state those matters that we have agreed to state to the Board of Directors of RBS Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RBS Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RBS Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RBS Engineering Limited. You consider that RBS Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RBS Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haworth & Co Limited
21 Market Place
Dereham
Norfolk
NR19 2AX


16 April 2019