RTB Management Limited - Filleted accounts

RTB Management Limited - Filleted accounts


Registered number
09365016
RTB Management Limited
Filleted Accounts
31 December 2018
RTB Management Limited
Registered number: 09365016
Balance Sheet
as at 31 December 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 3 952 761
Current assets
Debtors 4 17,568 13,075
Cash at bank and in hand 17,860 26,567
35,428 39,642
Creditors: amounts falling due within one year 5 (21,740) (28,006)
Net current assets 13,688 11,636
Total assets less current liabilities 14,640 12,397
Provisions for liabilities (181) -
Net assets 14,459 12,397
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,359 12,297
Shareholders' funds 14,459 12,397
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C A Neiger
Director
Approved by the board on 16 July 2019
RTB Management Limited
Notes to the Accounts
for the year ended 31 December 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earnedfrom the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
1 Accounting policies - continued
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company operates a defined contribution pension scheme, Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2018 2,150
Additions 975
At 31 December 2018 3,125
Depreciation
At 1 January 2018 1,389
Charge for the year 784
At 31 December 2018 2,173
Net book value
At 31 December 2018 952
At 31 December 2017 761
4 Debtors 2018 2017
£ £
Trade debtors 14,850 10,875
Other debtors 2,718 2,200
17,568 13,075
5 Creditors: amounts falling due within one year 2018 2017
£ £
Taxation and social security costs 21,090 27,356
Other creditors 650 650
21,740 28,006
6 Other information
RTB Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Selby Road
Fulford
York
YO19 4RD
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