Company registration number 08236963 (England and Wales)
R J Ward Services Limited
Annual report and unaudited financial statements
For the year ended 31 October 2023
Pages for filing with registrar
R J Ward Services Limited
Contents
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3 - 5
R J Ward Services Limited
Director's report
For the year ended 31 October 2023
- 1 -
The director presents his annual report and financial statements for the year ended 31 October 2023.
Principal activities
The principal activity of the company is the provision of dog walking services in the domestic market.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
R J Ward
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
R J Ward
Director
22 October 2024
R J Ward Services Limited
Balance sheet
As at 31 October 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
5,200
6,000
Tangible assets
4
17,079
2,625
Current assets
Debtors
5
4,164
8,823
Cash at bank and in hand
2,680
7,628
6,844
16,451
Creditors: amounts falling due within one year
6
(11,882)
(9,366)
Net current (liabilities)/assets
(5,038)
7,085
Total assets less current liabilities
17,241
15,710
Provisions for liabilities
(3,245)
(499)
Net assets
13,996
15,211
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
13,995
15,210
Shareholders' funds
13,996
15,211
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 22 October 2024
R J Ward
Director
Company Registration No. 08236963
R J Ward Services Limited
Notes to the financial statements
For the year ended 31 October 2023
- 3 -
1
Accounting policies
Company information
R J Ward Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 50 Pigeon Lane, Herne Bay, Kent, CT6 7ES.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable, net of discounts.
1.3
Intangible fixed assets - goodwill
Acquired goodwill is written off in equal instalments over its estimated useful life of 10 years.
1.4
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
25% straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the net book value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.
R J Ward Services Limited
Notes to the financial statements (continued)
For the year ended 31 October 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2022 and 31 October 2023
8,000
Amortisation and impairment
At 1 November 2022
2,000
Amortisation charged for the year
800
At 31 October 2023
2,800
Carrying amount
At 31 October 2023
5,200
At 31 October 2022
6,000
4
Tangible fixed assets
Motor vehicles
£
Cost
At 1 November 2022
20,920
Additions
19,995
Disposals
(7,000)
At 31 October 2023
33,915
Depreciation and impairment
At 1 November 2022
18,295
Depreciation charged in the year
2,916
Eliminated in respect of disposals
(4,375)
At 31 October 2023
16,836
Carrying amount
At 31 October 2023
17,079
At 31 October 2022
2,625
R J Ward Services Limited
Notes to the financial statements (continued)
For the year ended 31 October 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
4,164
4,730
Other debtors
4,093
4,164
8,823
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
13
13
Corporation tax
881
6,593
Other creditors
8,108
Accruals and deferred income
2,880
2,760
11,882
9,366
7
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
8
Directors' transactions
Dividends totalling £17,100 (2022 - £5,474) were paid in the year in respect of shares held by the company's directors.
Advances and credits granted to the director during the year are outlined in the table below:
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors loan
-
4,093
3,543
(15,744)
(8,108)
4,093
3,543
(15,744)
(8,108)