1 September 2016 false No description of principal activity Taxfiler 2018.4.Web 04929233business:PrivateLimitedCompanyLtd2016-09-012017-08-31 049292332016-08-31 049292332016-09-012017-08-31 04929233business:AuditExemptWithAccountantsReport2016-09-012017-08-31 04929233business:FullAccounts2016-09-012017-08-31 049292332017-08-31 04929233business:Director12016-09-012017-08-31 04929233business:RegisteredOffice2016-09-012017-08-31 049292332016-08-31 04929233core:WithinOneYear2017-08-31 04929233core:WithinOneYear2016-08-31 04929233core:ShareCapital2017-08-31 04929233core:ShareCapital2016-08-31 04929233core:RetainedEarningsAccumulatedLosses2017-08-31 04929233core:RetainedEarningsAccumulatedLosses2016-08-31 04929233business:SmallEntities2016-09-012017-08-31 04929233countries:EnglandWales2016-09-012017-08-31 04929233core:FurnitureFittings2016-09-012017-08-31 04929233core:ComputerEquipment2016-09-012017-08-31 04929233core:FurnitureFittings2016-08-31 04929233core:ComputerEquipment2016-08-31 04929233core:FurnitureFittings2017-08-31 04929233core:ComputerEquipment2017-08-31 04929233business:OrdinaryShareClass12016-09-012017-08-31 04929233business:OrdinaryShareClass12015-09-012016-08-31 049292332015-09-012016-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04929233 (England and Wales)
R & G ENTERPRISES (NW) LIMITED Unaudited accounts for the year ended 31 August 2017
R & G ENTERPRISES (NW) LIMITED Unaudited accounts Contents
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R & G ENTERPRISES (NW) LIMITED Company Information for the year ended 31 August 2017
Director
Mr R Westbury
Company Number
04929233 (England and Wales)
Registered Office
7 Princes Crescent Bare MORECAMBE LANCASHIRE LA4 6BY
Accountants
Blend Accountants 58 Marine Road West Morecambe Lancashire LA4 4ET
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R & G ENTERPRISES (NW) LIMITED Statement of financial position as at 31 August 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
14,349 
14,767 
Current assets
Inventories
5
10,574 
10,070 
Debtors
6
415 
Cash at bank and in hand
6,611 
10,617 
17,185 
21,102 
Creditors: amounts falling due within one year
7
(39,522)
(42,673)
Net current liabilities
(22,337)
(21,571)
Total assets less current liabilities
(7,988)
(6,804)
Provisions for liabilities
Deferred tax
(2,583)
(2,481)
Net liabilities
(10,571)
(9,285)
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
(10,671)
(9,385)
Shareholders' funds
(10,571)
(9,285)
For the year ending 31 August 2017 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 May 2018.
Mr R Westbury Director Company Registration No. 04929233
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R & G ENTERPRISES (NW) LIMITED Notes to the Accounts for the year ended 31 August 2017
1
Statutory information
R & G ENTERPRISES (NW) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04929233. The registered office is 7 Princes Crescent, Bare, MORECAMBE, LANCASHIRE, LA4 6BY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
40% reducing balance
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R & G ENTERPRISES (NW) LIMITED Notes to the Accounts for the year ended 31 August 2017
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2016
40,381 
2,435 
42,816 
Additions
2,417 
2,417 
At 31 August 2017
42,798 
2,435 
45,233 
Depreciation
At 1 September 2016
26,640 
1,409 
28,049 
Charge for the year
2,424 
411 
2,835 
At 31 August 2017
29,064 
1,820 
30,884 
Net book value
At 31 August 2017
13,734 
615 
14,349 
At 31 August 2016
13,741 
1,026 
14,767 
5
Inventories
2017 
2016 
£ 
£ 
Finished goods
10,574 
10,070 
10,574 
10,070 
6
Debtors
2017 
2016 
£ 
£ 
Accrued income and prepayments
415 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
25,382 
27,303 
Trade creditors
5,080 
9,073 
Taxes and social security
7,669 
4,696 
Other creditors
Loans from directors
138 
349 
Accruals
1,250 
1,250 
39,522 
42,673 
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 9 (2016: 9).
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