Rainmaker Irrigation Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03092439 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

RAINMAKER IRRIGATION COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P R R Drew

Mr R M G Sanders

Mr P J Hayler

SECRETARY:

Mr R M G Sanders

REGISTERED OFFICE:

The Old Market House

72 High Street

Steyning

West Sussex

BN44 3RD

REGISTERED NUMBER:

03092439 (England and Wales)

ACCOUNTANTS:

Beltons Public Accountants Ltd

The Old Market House

72 High Street

Steyning

West Sussex

BN44 3RD

FIXED ASSETS

Tangible assets

2

16,632

5,630

CURRENT ASSETS

Stocks

3,000

4,000

Debtors

14,346

15,442

Cash at bank

197,264

202,071

214,610

221,513

CREDITORS

Amounts falling due within one year

3

33,769

37,572

NET CURRENT ASSETS

180,841

183,941

TOTAL ASSETS LESS CURRENT LIABILITIES

197,473

189,571

CREDITORS

Amounts falling due after more than one year

3

(7,865

)

-

PROVISIONS FOR LIABILITIES

(3,326

)

(622

)

NET ASSETS

186,282

188,949

CAPITAL AND RESERVES

Called up share capital

4

3

3

Profit and loss account

186,279

188,946

SHAREHOLDERS' FUNDS

186,282

188,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 10 February 2015 and were signed on its behalf by:

Mr P R R Drew - Director

Mr P J Hayler - Director

Mr R M G Sanders - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

56,991

Additions

19,987

Disposals

(14,500

)

At 30 September 2014

62,478

DEPRECIATION

At 1 October 2013

51,361

Charge for year

5,544

Eliminated on disposal

(11,059

)

At 30 September 2014

45,846

NET BOOK VALUE

At 30 September 2014

16,632

At 30 September 2013

5,630

3.

CREDITORS

Creditors include an amount of £ 12,584 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

3

Ordinary

£1

3

3