RANN MECHANICAL SERVICES LTD |
Registered Number:12228509 |
For the period ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the period ended 31 March 2022
RANN MECHANICAL SERVICES LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
RANN MECHANICAL SERVICES LTD
Statement of Financial Position
2021
2022
Property, plant and equipment |
5,146
6,333
2
5,146
6,333
Trade and other receivables |
89,104
90,022
3
18,761
Cash and cash equivalents |
2,336
92,358
107,865
Trade and other payables: amounts falling due within one |
year |
(58,604)
(52,335)
4
49,261
40,023
Net current assets
Total assets less current liabilities |
45,169
55,594
Trade and other payables: amounts falling due after more |
than one year |
(29,400)
(25,535)
5
(978)
(1,204)
Provisions for liabilities |
18,656
Net assets
24,990
2
2
18,654
24,988
18,656
24,990
Shareholders' funds
For the period ended 31 March 2022 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 of its financial statements for the period ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 11 August 2022 and were signed by: |
The notes form part of these financial statements |
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For the period ended 31 March 2022
RANN MECHANICAL SERVICES LTD
Notes to the Financial Statements
Statutory Information
RANN MECHANICAL SERVICES LTD is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 12228509. |
126 Banstead Road
Caterham On The Hill
Surrey
CR3 5QF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard |
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'', including the disclosure and |
presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been |
prepared under the historical cost convention. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Government grants
Government grants received towards revenue expenditure are credited to the income statement as the related expenditure is incurred. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease. Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors. |
Going concern
The business was been affected by the COVID19 pandemic and the directors have took advantage of the |
government support available. The directors are satisfied that the company is in a position to meet its liabilities as |
they fall due for the foreseeable future. The financial statements have therefore been prepared on a going concern |
basis. |
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For the period ended 31 March 2022
RANN MECHANICAL SERVICES LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
9,500
9,500
Provision for depreciation and impairment |
3,167
Charge for period
1,187
4,354
5,146
6,333
3. Trade and other receivables |
2021
2022
23,667
13,604
66,355
75,500
89,104
90,022
4. Trade and other payables: amounts falling due within one year |
2021
2022
5,938
5,358
Taxation and social security |
9,691
16,061
36,706
37,185
52,335
58,604
The hire purchase obligations are repayable over 4 yearsand secured on the related assets. Interest is charged at 9.9% per annum. The company recedived a Bounce Back loan of £30,000 on 5 August 2020. The loan is unsecured and repayable over 6 years. Interest is charged at 2.5% per annum and interest for the first year was paid by the UK Government. |
3 of 4
For the period ended 31 March 2022
RANN MECHANICAL SERVICES LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2021
2022
22,071
24,642
3,464
4,758
25,535
29,400
6. Average number of persons employed |
During the period the average number of employees was 2 (2021 : 2).
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