Radcliffe Developments (Farnley) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04810798 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

RADCLIFFE DEVELOPMENTS (FARNLEY) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J S H Radcliffe

J D Sykes

TP Sykes

D Slater

SECRETARY:

J S H Radcliffe

REGISTERED OFFICE:

Queens Square

Leeds Road

Huddersfield

West Yorkshire

HD2 1XN

REGISTERED NUMBER:

04810798 (England and Wales)

ACCOUNTANTS:

Walker & Sutcliffe

12 Greenhead Road

Huddersfield

West Yorkshire

HD1 4EN

CURRENT ASSETS

Stocks

899,841

272,773

Debtors

16,257

-

Cash at bank

76,992

36,264

993,090

309,037

CREDITORS

Amounts falling due within one year

997,608

355,296

NET CURRENT LIABILITIES

(4,518

)

(46,259

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,518

)

(46,259

)

CAPITAL AND RESERVES

Called up share capital

2

1,000

1,000

Profit and loss account

(5,518

)

(47,259

)

SHAREHOLDERS' FUNDS

(4,518

)

(46,259

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 March 2015 and were signed on its behalf by:

J S H Radcliffe - Director

TP Sykes - 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.

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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

500

Ordinary A

£1

500

500

500

Ordinary B

£1

500

500

1,000

1,000

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company received loans from Mr T P Sykes amounting to £315,000. The loans are

unsecured, repayable on demand and are interest free. At the balance sheet date £315,000 was due to Mr T P

Sykes.

During the year the company received loans from Mr J D Sykes amounting to £110,000. The loans are

unsecured, repayable on demand and attract an interest rate of 4.5% over base rate per annum. At the balance

sheet date £110,000 was due to Mr J D Sykes. The interest charged in the year is included in accrued expenses.