Robertson Eadie Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04442109 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Robertson Eadie Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S Robertson

A Burrell

J Hodgdon

SECRETARY:

J S Robertson

REGISTERED OFFICE:

Ashford House

Grenadier Road

Exeter

EX1 3LH

REGISTERED NUMBER:

04442109 (England and Wales)

ACCOUNTANTS:

Helen Lowe Ltd

17-21 East Mayfield

Edinburgh

EH9 1SE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,700

22,955

17,700

22,955

CURRENT ASSETS

Stocks

17,888

26,000

Debtors

6

91,724

104,810

Cash at bank and in hand

95,401

59,475

205,013

190,285

CREDITORS

Amounts falling due within one year

7

54,041

79,941

NET CURRENT ASSETS

150,972

110,344

TOTAL ASSETS LESS CURRENT LIABILITIES

168,672

133,299

PROVISIONS FOR LIABILITIES

3,363

4,362

NET ASSETS

165,309

128,937

CAPITAL AND RESERVES

Called up share capital

100

112

Share premium

39,900

39,900

Retained earnings

125,309

88,925

SHAREHOLDERS' FUNDS

165,309

128,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 10 December 2021 and were signed on its behalf by:

J S Robertson - Director

1.	STATUTORY INFORMATION

Robertson Eadie 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 20% on reducing balance and 10% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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 10 (2020 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2020

and 30 September 2021

8,901

AMORTISATION

At 1 October 2020

and 30 September 2021

8,901

NET BOOK VALUE

At 30 September 2021

-

At 30 September 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

65,683

Additions

1,548

Disposals

(286

)

At 30 September 2021

66,945

DEPRECIATION

At 1 October 2020

42,727

Charge for year

6,804

Eliminated on disposal

(286

)

At 30 September 2021

49,245

NET BOOK VALUE

At 30 September 2021

17,700

At 30 September 2020

22,956

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

91,207

102,246

Other debtors

517

2,564

91,724

104,810

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

1,558

3,270

Trade creditors

999

146

Taxation and social security

45,066

63,822

Other creditors

6,418

12,703

54,041

79,941

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2021 and the period ended 30 September 2020:

30.9.21

30.9.20

£

£

Miss S Ovenstone

Balance outstanding at start of year

325

250

Amounts advanced

-

75

Amounts repaid

-

-

Amounts written off

(325

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

325

9.	RELATED PARTY DISCLOSURES