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REGISTERED NUMBER: 08610833 (England and Wales)















Financial Statements for the Year Ended 31 March 2018

for

Rydlake Ltd

Rydlake Ltd (Registered number: 08610833)

Contents of the Financial Statements
for the Year Ended 31 March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rydlake Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTORS: V Woodward
D A Woodward





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 08610833 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Rydlake Ltd (Registered number: 08610833)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,250 3,360

CURRENT ASSETS
Debtors 5 11,494 6,830
Cash at bank 91,133 60,895
102,627 67,725
CREDITORS
Amounts falling due within one year 6 29,271 25,592
NET CURRENT ASSETS 73,356 42,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,606

45,493

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 75,506 45,393
SHAREHOLDERS' FUNDS 75,606 45,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

Rydlake Ltd (Registered number: 08610833)

Balance Sheet - continued
31 March 2018


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 Board of Directors on 12 November 2018 and
were signed on its behalf by:





V Woodward - Director


Rydlake Ltd (Registered number: 08610833)

Notes to the Financial Statements
for the Year Ended 31 March 2018


1. STATUTORY INFORMATION

Rydlake 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Rydlake Ltd (Registered number: 08610833)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 200 6,270 6,470
DEPRECIATION
At 1 April 2017 87 3,023 3,110
Charge for year 28 1,082 1,110
At 31 March 2018 115 4,105 4,220
NET BOOK VALUE
At 31 March 2018 85 2,165 2,250
At 31 March 2017 113 3,247 3,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 6,703 6,390
Directors' current accounts 4,065 -
Prepayments 726 440
11,494 6,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Corporation tax 19,522 14,683
VAT 7,074 3,767
Directors' current accounts - 5,349
Accrued expenses 2,675 1,793
29,271 25,592

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
100 Ordinary £1 100 100

Rydlake Ltd (Registered number: 08610833)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
31 March 2018 and 31 March 2017:

31.3.18 31.3.17
£    £   
D A Woodward and V Woodward
Balance outstanding at start of year - -
Amounts advanced 63,545 -
Amounts repaid (59,480 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,065 -

The loan was repaid on 6 April 2018.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £52,000 (2017 - £40,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is V Woodward.