Rock Machinery Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC401216 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

ROCK MACHINERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

5

DIRECTORS:

I Kirby

J I Kirby

SECRETARY:

REGISTERED OFFICE:

Stockhill Farm

West Cumberhead Road

Lesmahagow

Lanarkshire

ML11 0HN

REGISTERED NUMBER:

SC401216 (Scotland)

ACCOUNTANTS:

G. Ingram and Company Limited

8 Abbeygreen

Lesmahagow

South Lanarkshire

ML11 0DB

FIXED ASSETS

Tangible assets

2

43,829

39,685

CURRENT ASSETS

Stocks

98,500

95,125

Debtors

-

8,052

Cash at bank

9,079

-

107,579

103,177

CREDITORS

Amounts falling due within one year

134,185

131,335

NET CURRENT LIABILITIES

(26,606

)

(28,158

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,223

11,527

CREDITORS

Amounts falling due after more than one year

3,332

9,063

NET ASSETS

13,891

2,464

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

13,791

2,364

SHAREHOLDERS' FUNDS

13,891

2,464

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 27 February 2015 and were signed on its behalf by:

I Kirby - 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, 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% 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

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

50,185

Additions

15,099

At 31 May 2014

65,284

DEPRECIATION

At 1 June 2013

10,500

Charge for year

10,955

At 31 May 2014

21,455

NET BOOK VALUE

At 31 May 2014

43,829

At 31 May 2013

39,685

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 May 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

G. Ingram and Company Limited

8 Abbeygreen

Lesmahagow

South Lanarkshire

ML11 0DB

Date: .............................................