R & S Services (Devon) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04760806 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

R & S SERVICES (DEVON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R B Cosway

Mrs S V Cosway

SECRETARY:

Mrs S V Cosway

REGISTERED OFFICE:

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

REGISTERED NUMBER:

04760806 (England and Wales)

ACCOUNTANTS:

Bush & Co Limited

Chartered Accountants

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

BANKERS:

The Cooperative Bank

PO Box250

Skelmersdale

WN8 6WT

FIXED ASSETS

Tangible assets

2

9,245

11,890

CURRENT ASSETS

Stocks

3,250

3,100

Debtors

5,277

3,887

Cash at bank

5,452

6,321

13,979

13,308

CREDITORS

Amounts falling due within one year

5,926

11,504

NET CURRENT ASSETS

8,053

1,804

TOTAL ASSETS LESS CURRENT LIABILITIES

17,298

13,694

PROVISIONS FOR LIABILITIES

1,849

2,378

NET ASSETS

15,449

11,316

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

15,349

11,216

SHAREHOLDERS' FUNDS

15,449

11,316

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 February 2015 and were signed on its behalf by:

R B Cosway - 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 the value of work done during the 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 & machinery

-

25% on cost and 15% on reducing balance

Motor vehicles

-

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.

Amounts recoverable on contracts

Amounts recoverable on contracts have been calculated in accordance with UITF40, in so far

that time completed on each contract has been calculated at sales value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

27,980

Additions

700

Disposals

(300

)

At 31 May 2014

28,380

DEPRECIATION

At 1 June 2013

16,090

Charge for year

3,304

Eliminated on disposal

(259

)

At 31 May 2014

19,135

NET BOOK VALUE

At 31 May 2014

9,245

At 31 May 2013

11,890

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100