R. & M. Distribution Limited - Accounts to registrar (filleted) - small 18.2
R. & M. Distribution Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 FEBRUARY 2020 |
| FOR |
| R. & M. DISTRIBUTION LIMITED |
| R. & M. DISTRIBUTION LIMITED (REGISTERED NUMBER: SC099757) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 29 February 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| R. & M. DISTRIBUTION LIMITED |
| COMPANY INFORMATION |
| for the year ended 29 February 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Viewforth House |
| 189 Nicol Street |
| Kirkcaldy |
| Fife |
| KY1 1PF |
| SOLICITORS: |
| 51a High Street |
| Kirkcaldy |
| Fife |
| KY1 1LL |
| R. & M. DISTRIBUTION LIMITED (REGISTERED NUMBER: SC099757) |
| BALANCE SHEET |
| 29 February 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| R. & M. DISTRIBUTION LIMITED (REGISTERED NUMBER: SC099757) |
| BALANCE SHEET - continued |
| 29 February 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on were signed on its behalf by: |
| R. & M. DISTRIBUTION LIMITED (REGISTERED NUMBER: SC099757) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 29 February 2020 |
| 1. | STATUTORY INFORMATION |
| R. & M. Distribution Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The financial statements are presented in sterling which is the functional currency of the company and |
| rounded to the nearest £. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. |
| These policies have been consistently applied to all years presented unless otherwise stated. |
| The financial statements have been prepared on a going concern basis. The Directors have reviewed and |
| considered relevant information, including the annual budget and future cash flows in making their |
| assessment. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow |
| analysis to take into account the impact on their business of possible scenarios brought on by the impact of |
| COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, |
| given the measures that could be undertaken to mitigate the current adverse conditions, and the current |
| resources available, the Directors have concluded that they can continue to adopt the going concern basis in |
| preparing the annual report and accounts. |
| TURNOVER |
| Turnover represents net invoiced sales of electrical supplies after any discounts, excluding value added tax. |
| TANGIBLE FIXED ASSETS |
| Improvements to property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable |
| to making the asset capable of operating as intended. |
| STOCKS |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes |
| all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and |
| condition. Cost is calculated using the first-in, first-out basis. Provision is made for damaged, obsolete and |
| slow-moving stock where appropriate. |
| TAXATION |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
| Retained Earnings, 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. |
| R. & M. DISTRIBUTION LIMITED (REGISTERED NUMBER: SC099757) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 29 February 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| LEASING COMMITMENTS |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 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. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Motor |
| property | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 March 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 29 February 2020 |
| DEPRECIATION |
| At 1 March 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 29 February 2020 |
| NET BOOK VALUE |
| At 29 February 2020 |
| At 28 February 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Prepayments |
| R. & M. DISTRIBUTION LIMITED (REGISTERED NUMBER: SC099757) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 29 February 2020 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | OTHER FINANCIAL COMMITMENTS |
| The total amount of financial commitments, under non cancellable leases, that are not included in the balance |
| sheet is £17,210 (2019: £21,909). |