Rivers Building & Design Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07038921 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 NOVEMBER 2013 TO 31 DECEMBER 2014

FOR

RIVERS BUILDING & DESIGN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

Mr I Rivers

Mrs L Rivers

REGISTERED OFFICE:

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

07038921 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Tangible assets

2

31,371

7,516

CURRENT ASSETS

Stocks

448,730

355,401

Debtors

587,160

95,470

Cash at bank

73,668

159,085

1,109,558

609,956

CREDITORS

Amounts falling due within one year

592,765

522,399

NET CURRENT ASSETS

516,793

87,557

TOTAL ASSETS LESS CURRENT LIABILITIES

548,164

95,073

CREDITORS

Amounts falling due after more than one year

(342,892

)

-

PROVISIONS FOR LIABILITIES

(6,274

)

(1,503

)

NET ASSETS

198,998

93,570

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

198,898

93,470

SHAREHOLDERS' FUNDS

198,998

93,570

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 20 March 2015 and were signed on its behalf by:

Mr I Rivers - 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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

12,238

Additions

38,387

Disposals

(3,000

)

At 31 December 2014

47,625

DEPRECIATION

At 1 November 2013

4,722

Charge for period

12,282

Eliminated on disposal

(750

)

At 31 December 2014

16,254

NET BOOK VALUE

At 31 December 2014

31,371

At 31 October 2013

7,516

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

New Land Homes Development Limited

A company with the same director and shareholder.

Included within 'Amounts owed by participating interests' is a balance of £553,066 due from New Land Homes

Development Ltd.

Ian Rivers hold a title of director and is a shareholder of New Land Homes Development Ltd.

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 five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Rivers Building & Design Limited for the period ended 31 December 2014 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Rivers Building & Design Limited, as a body, in accordance with

our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Rivers Building & Design Limited and state those matters that we have agreed to state to the Board of Directors of

Rivers Building & Design Limited, as a body, in this report in accordance with the requirements of the Association of

Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a

body, for our work or for this report.

It is your duty to ensure that Rivers Building & Design Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rivers

Building & Design Limited. You consider that Rivers Building & Design Limited is exempt from the statutory audit

requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Rivers Building & Design

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

20 March 2015