Richdon Koi Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06523268 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Richdon Koi Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Jones

Mrs D J Jones

SECRETARY:

Mrs D J Jones

REGISTERED OFFICE:

Spring Farm Cottage

Rosliston Road

Drakelow

Swadlincote

Derbyshire

DE15 9UF

REGISTERED NUMBER:

06523268 (England and Wales)

ACCOUNTANTS:

The Chartwell Practice

Chartwell House

4 St. Paul's Square

Burton-on-Trent

Staffordshire

DE14 2EF

FIXED ASSETS

Intangible assets

2

13,333

15,333

Tangible assets

3

103,326

114,972

116,659

130,305

CURRENT ASSETS

Stocks

173,000

77,953

Debtors

-

180

Cash at bank and in hand

1,420

405

174,420

78,538

CREDITORS

Amounts falling due within one year

157,999

173,230

NET CURRENT ASSETS/(LIABILITIES)

16,421

(94,692

)

TOTAL ASSETS LESS CURRENT LIABILITIES

133,080

35,613

CREDITORS

Amounts falling due after more than one year

190,080

200,478

NET LIABILITIES

(57,000

)

(164,865

)

CAPITAL AND RESERVES

Called up share capital

4

142

100

Share premium

99,958

-

Profit and loss account

(157,100

)

(164,965

)

SHAREHOLDERS' FUNDS

(57,000

)

(164,865

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 February 2015 and were signed on its behalf by:

Mrs D J Jones - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Goodwill was overvalued in the 31st August 2011 year end. As a result it has been revalued to the correct level

of £20,000 in the 31st August 2012 financial year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

20,000

AMORTISATION

At 1 September 2013

4,667

Amortisation for year

2,000

At 31 August 2014

6,667

NET BOOK VALUE

At 31 August 2014

13,333

At 31 August 2013

15,333

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

163,651

DEPRECIATION

At 1 September 2013

48,679

Charge for year

11,646

At 31 August 2014

60,325

NET BOOK VALUE

At 31 August 2014

103,326

At 31 August 2013

114,972

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

142

Ordinary

£1

142

100

42 Ordinary shares of £1 each were allotted as fully paid at a premium of £2,379.95 per share during the year.