Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd - Period Ending 2018-09-30

Registration number: 03256545

Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd (A company limited by guarantee)

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2018

Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd

Contents

Company Information	1
Income Statement	2
Statement of Financial Position	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 to 7

Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd

Company Information

Directors

K.A. Morrison P. Johnston J.P. O'Neill H.E. Angel J. Connelly

Company secretary

K.A. Morrison

Registered office

Ashington Children's Centre Alexander Road Ashington Northumberland NE63 9EF

Bankers

Barclays Bank plc The Northumberland Group PO Box 36 Morpeth Northumberland NE61 3YY

Accountants

Tait Walker LLP Chartered Accountants 10 Manchester Street Morpeth Northumberland NE61 1BH

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Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd

Income Statement for the Year Ended 30 September 2018

	Note	2018 £	2017 £
Turnover		519,707	538,914
Cost of sales		(21,480)	(29,658)
Gross surplus		498,227	509,256
Administrative expenses		(486,690)	(509,454)
Operating surplus/(deficit)		11,537	(198)
Other interest receivable and similar income		106	8
Interest payable and similar expenses		(587)	(792)
Surplus/(deficit) before tax		11,056	(982)
Taxation		(20)	-
Surplus/(deficit) for the financial year		11,036	(982)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

The notes on pages 5 to 7 form an integral part of these financial statements.
 

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Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd

(Registration number: 03256545)
Statement of Financial Position as at 30 September 2018

	Note	2018 £		2017 £
Fixed assets
Tangible assets	4		3,409		4,545
Current assets
Debtors	5	12,745		11,983
Cash at bank and in hand		178,480		183,127
		191,225		195,110
Creditors: Amounts falling due within one year	6	(93,354)		(109,411)
Net current assets			97,871		85,699
Net assets			101,280		90,244
Capital and reserves
Other reserves		42,196		42,196
Profit and loss account		59,084		48,048
Total equity			101,280		90,244

For the financial year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies' regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies' regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 1 April 2019 and signed on its behalf by:
 

......................................... K.A. Morrison Company secretary and director

......................................... J.P. O'Neill Director

The notes on pages 5 to 7 form an integral part of these financial statements.
 

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Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd

Statement of Changes in Equity for the Year Ended 30 September 2018

	Other reserves £	Profit and loss account £	Total £
At 1 October 2016	42,196	49,030	91,226
Deficit for the year	-	(982)	(982)
Total comprehensive income	-	(982)	(982)
At 30 September 2017	42,196	48,048	90,244

	Other reserves £	Profit and loss account £	Total £
At 1 October 2017	42,196	48,048	90,244
Surplus for the year	-	11,036	11,036
Total comprehensive income	-	11,036	11,036
At 30 September 2018	42,196	59,084	101,280

The notes on pages 5 to 7 form an integral part of these financial statements.
 

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Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd

Notes to the Financial Statements for the Year Ended 30 September 2018

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is Ashington Children's Centre, Alexander Road, Ashington, Northumberland, NE63 9EF.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd

Notes to the Financial Statements for the Year Ended 30 September 2018 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

	Asset class	Depreciation method and rate
	Motor vehicles	- 25% reducing balance
	Equipment	- 25% reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
 
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 36 (2017 - 39).

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Ringway After-School Care Active Leisure Scheme (R.A.S.C.A.L.S) Ltd

Notes to the Financial Statements for the Year Ended 30 September 2018 (continued)

4	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2017	7,368	16,049	23,417
At 30 September 2018	7,368	16,049	23,417
Depreciation
At 1 October 2017	6,631	12,241	18,872
Charge for the year	184	952	1,136
At 30 September 2018	6,815	13,193	20,008
Carrying amount
At 30 September 2018	553	2,856	3,409
At 30 September 2017	737	3,808	4,545

5

Debtors

	2018 £	2017 £
Trade debtors	9,521	8,702
Prepayments	3,224	3,281
	12,745	11,983

6

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Trade creditors	106	1,032
Taxation and social security	6,740	5,723
Other creditors	86,488	102,656
Corporation tax liability	20	-
	93,354	109,411

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