R & M Distribution Ltd - Limited company - abbreviated - 11.6
R & M Distribution Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| R & M DISTRIBUTION LTD |
| Abbreviated Unaudited Accounts |
| for the Year Ended 28 February 2015 |
| R & M DISTRIBUTION LTD (REGISTERED NUMBER: SC099757) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 28 February 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 6 |
| R & M DISTRIBUTION LTD |
| Company Information |
| for the Year Ended 28 February 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| SOLICITORS: |
| R & M DISTRIBUTION LTD (REGISTERED NUMBER: SC099757) |
| Abbreviated Balance Sheet |
| 28 February 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| R & M DISTRIBUTION LTD (REGISTERED NUMBER: SC099757) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 28 February 2015 |
| 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 sale of goods and services provided net of Value Added Tax and trade discounts. Turnover |
| is recognised when the goods and services are physically provided to the customer. |
| Tangible fixed assets |
| Tenants improvements | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net |
| realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow |
| moving, obsolete or damaged stock where the net realisable value is less than cost. |
| Deferred tax |
| The charge for taxation takes into account taxation deferred as a result of timing differences between the |
| treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in |
| respect of all timing differences that have originated but not reversed at the Balance Sheet date. However, |
| deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
| there will be suitable taxable profits from which the future reversal of the underlying timing differences can be |
| deducted. Deferred taxation is measured on a non-discounted basis at the average tax rates that are expected to |
| apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantially |
| enacted at the Balance Sheet date. |
| Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
| commitment to sell the assets. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| R & M DISTRIBUTION LTD (REGISTERED NUMBER: SC099757) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 28 February 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2014 |
| Additions |
| Disposals | ( |
) |
| At 28 February 2015 |
| DEPRECIATION |
| At 1 March 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 28 February 2015 |
| NET BOOK VALUE |
| At 28 February 2015 |
| At 28 February 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| A Ordinary | £1 |
| B Ordinary | £1 |
| C Ordinary | £1 |
| 10,000 | 10,000 |
| 4. | RELATED PARTY DISCLOSURES |
| Robert Mackie is also a director of R & M Electrical Wholesalers Limited and Forcetec (Scotland) Limited and |
| sole proprietor of R Mackie Properties. Neil Duff is also a director of Forcetec (Scotland) Limited. |
| R & M Distribution Ltd sold goods during the year to: |
| R & M Electrical Wholesalers Ltd to the value of £65,602 |
| Forcetec (Scotland) Ltd to the value of £3,437 |
| R & M Distribution Ltd bought goods during the year from: |
| R & M Electrical Wholesale Ltd to the value of £12,603 |
| Forcetec (Scotland) Ltd to the value of £4,400 |
| Closing balances at 28 February 2015 were as follows: |
| due by R & M Electrical Wholesalers Ltd £3,704 |
| due to R & M Electrical Wholesalers Ltd £50 |
| No balance due by Forcetec (Scotland) Ltd |
| No balance due to Forcetec (Scotland) Ltd |
| R & M Distribution Ltd rents premises from R Mackie Properties for an annual rental of £30,959 and this is |
| levied in line with current market rents charged for similar units in the Mitchelston area. |
| R & M DISTRIBUTION LTD (REGISTERED NUMBER: SC099757) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 28 February 2015 |
| 5. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| R & M Distribution 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 R & M Distribution Ltd for the year ended 28 February 2015 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 Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
| This report is made solely to the Board of Directors of R & M Distribution Ltd, 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 R & M Distribution Ltd and state those matters that we have agreed to state to the Board of Directors of R & M Distribution Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. 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 R & M Distribution Ltd 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 R & M Distribution Ltd. You consider that R & M Distribution Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of R & M Distribution Ltd. 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. |
| 21 April 2015 |