Radcliffe & Rust Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07264501 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 May 2014

for

Radcliffe & Rust Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D J Radcliffe

Mr R P Rust

REGISTERED OFFICE:

3 Morleys Place

Sawston

Cambridge

Cambridgeshire

CB22 3TG

REGISTERED NUMBER:

07264501 (England and Wales)

ACCOUNTANTS:

Sandcroft Management Services Limited

3 Morleys Place

High Street

Sawston

Cambridge

Cambridgeshire

CB22 3TG

FIXED ASSETS

Tangible assets

2

2,280

3,253

CURRENT ASSETS

Debtors

2,806

2,562

Cash at bank

86,110

35,052

88,916

37,614

CREDITORS

Amounts falling due within one year

27,614

22,603

NET CURRENT ASSETS

61,302

15,011

TOTAL ASSETS LESS CURRENT LIABILITIES

63,582

18,264

CREDITORS

Amounts falling due after more than one year

76,000

88,729

NET LIABILITIES

(12,418

)

(70,465

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(12,420

)

(70,467

)

SHAREHOLDERS' FUNDS

(12,418

)

(70,465

)

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:

Mr R P Rust - Director

Mr D J Radcliffe - 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on a straight line basis

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

5,442

Additions

563

Disposals

(325

)

At 31 May 2014

5,680

DEPRECIATION

At 1 June 2013

2,189

Charge for year

1,356

Eliminated on disposal

(145

)

At 31 May 2014

3,400

NET BOOK VALUE

At 31 May 2014

2,280

At 31 May 2013

3,253

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2