REGISTERED NUMBER: 00807480

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

ROBERT TRACEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Munday

Mrs B D Munday

J R Munday

SECRETARY:

Mrs B D Munday

REGISTERED OFFICE:

127 High Street

Staines

Middlesex

TW18 4PD

REGISTERED NUMBER:

00807480

ACCOUNTANTS:

John A Hyde & Co

Hyde House

19 Station Road

Addlestone

Surrey

KT15 2AL

FIXED ASSETS

Tangible assets

4

9,580

11,861

CURRENT ASSETS

Stocks

59,286

39,085

Debtors

5

6,830

14,678

Cash at bank and in hand

23,813

24,823

89,929

78,586

CREDITORS

Amounts falling due within one year

6

41,892

46,329

NET CURRENT ASSETS

48,037

32,257

TOTAL ASSETS LESS CURRENT LIABILITIES

57,617

44,118

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

57,517

44,018

SHAREHOLDERS' FUNDS

57,617

44,118

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

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

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 13 May 2019 and were signed on its behalf by:

I R Munday - Director

1.	STATUTORY INFORMATION

Robert Tracey Limited is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 4 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2018

and 31 December 2018

30,376

4,824

8,753

DEPRECIATION

At 1 January 2018

30,376

4,824

4,660

Charge for year

-

-

1,023

At 31 December 2018

30,376

4,824

5,683

NET BOOK VALUE

At 31 December 2018

-

-

3,070

At 31 December 2017

-

-

4,093

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2018

and 31 December 2018

32,377

12,035

88,365

DEPRECIATION

At 1 January 2018

25,541

11,103

76,504

Charge for year

1,025

233

2,281

At 31 December 2018

26,566

11,336

78,785

NET BOOK VALUE

At 31 December 2018

5,811

699

9,580

At 31 December 2017

6,836

932

11,861

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

6,830

14,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

3,801

5,999

Taxation and social security

33,535

31,784

Other creditors

4,556

8,546

41,892

46,329