RLF'S AND SONS LIMITED

Company Registration Number:
06013680 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

RLF'S AND SONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

RLF'S AND SONS LIMITED

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 15,109 12,855
Total fixed assets: 15,109 12,855
Current assets
Stocks: 10,850 3,800
Debtors: 4 30,386 31,699
Cash at bank and in hand: 31,850 45,739
Total current assets: 73,086 81,238
Creditors: amounts falling due within one year: 5 (49,801) (46,241)
Net current assets (liabilities): 23,285 34,997
Total assets less current liabilities: 38,394 47,852
Creditors: amounts falling due after more than one year: 6 (35,000) (45,000)
Provision for liabilities: (2,855) (2,440)
Total net assets (liabilities): 539 412
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 537 410
Shareholders funds: 539 412

The notes form part of these financial statements

RLF'S AND SONS LIMITED

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 August 2022
and signed on behalf of the board by:

Name: R L Fletcher
Status: Director

The notes form part of these financial statements

RLF'S AND SONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Fixtures and Fittings 25% costComputer Equipment 33% cost

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost and then at cost less any accumulated amortisation over its estimated useful life of ten years.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items.

Other accounting policies

GOVERNMENT GRANTSGovernment grants relating to furloughing of employees under Covid-19 legislation are treated as revenue grants and credited to income, so as to match them with the expenditure to which they relate. The company also qualified for small business and retail, hospitality and leisure grants. Both grants are included in other income in the profit and loss in the period in which they are received.PENSION COSTS The company operates a defined contribution pension scheme, payments to which are charged to profit or loss in the period to which they relate.

RLF'S AND SONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 28 21

RLF'S AND SONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible Assets

Total
Cost £
At 01 December 2020 138,034
Additions 7,930
At 30 November 2021 145,964
Depreciation
At 01 December 2020 125,179
Charge for year 5,676
At 30 November 2021 130,855
Net book value
At 30 November 2021 15,109
At 30 November 2020 12,855

RLF'S AND SONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

RLF'S AND SONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Creditors: amounts falling due within one year note

...........................................................2021.................2020 Bank Borrowings..........................10000................5000 Trade Creditors.............................21826...............25253 Tax and Social Security................8711...................11039 Other Creditors..............................9264..................4949

RLF'S AND SONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Creditors: amounts falling due after more than one year note

................................................................2021....................2020 Bank Loans.........................................35000.................45000

RLF'S AND SONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

7. Loans to directors

Name of director receiving advance or credit: R L and S Fletcher
Description of the loan: Directors' current account
£
Balance at 01 December 2020 10,468
Advances or credits made: 14,785
Advances or credits repaid: 10,468
Balance at 30 November 2021 14,785

During the year, beneficial loan interest of £280 (2020:-£328) has been charged at the official rate on the overdrawn balance.