R_&_K_DISTRIBUTORS_LIMITE - Accounts

R & K DISTRIBUTORS LIMITED - Company Information

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Company Registration No. 02740680 (England and Wales)

R & K DISTRIBUTORS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

R & K DISTRIBUTORS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

R & K DISTRIBUTORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

10,348

13,445

Current assets

Stocks

26,893

24,537

Debtors

10,414

8,173

Cash at bank and in hand

40,642

28,897

77,949

61,607

Creditors: amounts falling due within one year

(83,180)

(65,786)

Net current liabilities

(5,231)

(4,179)

Total assets less current liabilities

5,117

9,266

Provisions for liabilities

(2,070)

(609)

3,047

8,657

Capital and reserves

Called up share capital

100

Profit and loss account

2,947

8,557

Shareholders' funds

3,047

8,657

For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 May 2015

Mrs R Gulrajani

Director

Company Registration No. 02740680

R & K DISTRIBUTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.3% reducing balance

Fixtures and equipment

15% reducing balance

Motor vehicle

25% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

R & K DISTRIBUTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2013 & at 31 August 2014

24,772

Depreciation

At 1 September 2013

11,327

Charge for the year

3,097

At 31 August 2014

14,424

Net book value

At 31 August 2014

10,348

At 31 August 2013

13,445

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100