RAB Financial Consultants Ltd

RAB Financial Consultants Ltd

RAB FINANCIAL CONSULTANTS LTD - Company Information

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1 March 2018 false Taxfiler 2019.10.Web 08909584business:PrivateLimitedCompanyLtd2018-03-012019-02-28 089095842018-02-28 089095842018-03-012019-02-28 08909584business:AuditExemptWithAccountantsReport2018-03-012019-02-28 08909584business:FullAccounts2018-03-012019-02-28 089095842019-02-28 08909584business:Director12018-03-012019-02-28 08909584business:RegisteredOffice2018-03-012019-02-28 089095842018-02-28 08909584core:WithinOneYear2019-02-28 08909584core:WithinOneYear2018-02-28 08909584core:ShareCapital2019-02-28 08909584core:ShareCapital2018-02-28 08909584core:RetainedEarningsAccumulatedLosses2019-02-28 08909584core:RetainedEarningsAccumulatedLosses2018-02-28 08909584business:SmallEntities2018-03-012019-02-28 08909584countries:EnglandWales2018-03-012019-02-28 08909584business:OrdinaryShareClass12018-03-012019-02-28 08909584business:OrdinaryShareClass12017-03-012018-02-28 08909584business:Director112018-03-012019-02-28 08909584business:Director112018-02-28 08909584business:Director112019-02-28 089095842017-03-012018-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08909584 (England and Wales)
RAB Financial Consultants Ltd Filleted accounts for the year ended 28 February 2019
RAB Financial Consultants Ltd Filleted accounts Contents
Page
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RAB Financial Consultants Ltd Company Information for the year ended 28 February 2019
Director
Mr Ryan A J Bray
Company Number
08909584 (England and Wales)
Registered Office
Hawthorne House 17A Hawthorne Drive Leicester LE5 6DL
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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RAB Financial Consultants Ltd Statement of financial position as at 28 February 2019
2019 
2018 
Notes
£ 
£ 
Current assets
Debtors
4
61,734 
16,522 
Cash at bank and in hand
120,320 
132,696 
182,054 
149,218 
Creditors: amounts falling due within one year
5
(25,697)
(30,205)
Net current assets
156,357 
119,013 
Net assets
156,357 
119,013 
Capital and reserves
Called up share capital
6
100 
100 
Profit and loss account
156,257 
118,913 
Shareholders' funds
156,357 
119,013 
For the year ending 28 February 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.
Approved by the Board on 26 November 2019.
Mr Ryan A J Bray Director Company Registration No. 08909584
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RAB Financial Consultants Ltd Notes to the Accounts for the year ended 28 February 2019
1
Statutory information
RAB Financial Consultants Ltd is a private company, limited by shares, registered in England and Wales, registration number 08909584. The registered office is Hawthorne House, 17A Hawthorne Drive, Leicester, LE5 6DL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors
2019 
2018 
£ 
£ 
Trade debtors
15,120 
14,430 
Other debtors
46,614 
2,092 
61,734 
16,522 
5
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Taxes and social security
24,617 
29,125 
Accruals
1,080 
1,080 
25,697 
30,205 
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RAB Financial Consultants Ltd Notes to the Accounts for the year ended 28 February 2019
6
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Ryan A J Bray
Directors Loan
- 
46,614 
- 
46,614 
- 
46,614 
- 
46,614 
Loan was fully repaid by 30 November 2019.
8
Average number of employees
During the year the average number of employees was 2 (2018: 2).
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