R Page Installations Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09607880 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

R Page Installations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ross Page

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

BUSINESS ADDRESS:

12 Jessie Road

Bedhampton

Havant

Hampshire

PO9 3TH

REGISTERED NUMBER:

09607880 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

4

3,455

4,607

CURRENT ASSETS

Debtors

5

14,348

19,510

Cash at bank

1,161

3,714

15,509

23,224

CREDITORS

Amounts falling due within one year

6

10,367

14,877

NET CURRENT ASSETS

5,142

8,347

TOTAL ASSETS LESS CURRENT LIABILITIES

8,597

12,954

CREDITORS

Amounts falling due after more than one year

7

-

2,201

NET ASSETS

8,597

10,753

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

8,497

10,653

SHAREHOLDERS' FUNDS

8,597

10,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 July 2017 and were signed by:

Ross Page - Director

1.	STATUTORY INFORMATION

R Page Installations Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.

The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

5,528

DEPRECIATION

At 1 April 2016

921

Charge for year

1,152

At 31 March 2017

2,073

NET BOOK VALUE

At 31 March 2017

3,455

At 31 March 2016

4,607

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

4,800

DEPRECIATION

At 1 April 2016

and 31 March 2017

800

NET BOOK VALUE

At 31 March 2017

4,000

At 31 March 2016

4,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

4,086

4,332

Other debtors

10,262

10,158

Directors' current accounts

-

5,020

14,348

19,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

2,201

2,447

Trade creditors

-

288

Corporation tax

2,874

5,661

Wages control

1,202

1,115

VAT

1,800

3,361

Directors' current accounts

303

-

Accrued expenses

1,987

2,005

10,367

14,877

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

-

2,201

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended

31 March 2017 and the period ended 31 March 2016:

31.3.17

31.3.16

£

£

Ross Page

Balance outstanding at start of year

5,020

-

Amounts advanced

7,177

5,020

Amounts repaid

(12,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(303

)

5,020

Included within other creditors is £303 due to the director, Mr R Page. This loan is

unsecured, undated, interest free and payable in demand.

10.	FIRST YEAR ADOPTION

This is the first year the company has presented its financial statements under Financial

Reporting Standard 102 Section 1a (FRS102 (1a)) issued by the Financial Reporting

Council. The last financial statements for the year ended 31 March 2016, were prepared

under the previous UK GAAP. The transition date to FRS102 (1a) is therefore 1 April 2016.

There were no material adjustments required on transition to FRS102 (1a) and as such it

has not been necessary to restate prior year comparatives following implementation of

FRS102 (1a).