Rapid Tool Reclamation & Manufacturing L - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06980374 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

RAPID TOOL RECLAMATION & MANUFACTURING

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs K Kavanagh

B Kavanagh

SECRETARY:

REGISTERED OFFICE:

C/o Parkar Accountants

19/21 Hatchett Street

Hockley

Birmingham

West Midlands

B19 3NX

REGISTERED NUMBER:

06980374 (England and Wales)

ACCOUNTANTS:

Parkar Accountants

19/21 Hatchett Street

Hockley

Birmingham

West Midlands

B19 3NX

FIXED ASSETS

Intangible assets

2

6,000

8,000

Tangible assets

3

795

994

6,795

8,994

CURRENT ASSETS

Debtors

31,958

26,989

Cash at bank and in hand

6,372

12,381

38,330

39,370

CREDITORS

Amounts falling due within one year

33,407

41,243

NET CURRENT ASSETS/(LIABILITIES)

4,923

(1,873

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,718

7,121

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

11,618

7,021

SHAREHOLDERS' FUNDS

11,718

7,121

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 1 May 2015 and were signed on its behalf by:

B Kavanagh - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of eight years.

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

-

20% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

16,000

AMORTISATION

At 1 October 2013

8,000

Amortisation for year

2,000

At 30 September 2014

10,000

NET BOOK VALUE

At 30 September 2014

6,000

At 30 September 2013

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

2,379

DEPRECIATION

At 1 October 2013

1,385

Charge for year

199

At 30 September 2014

1,584

NET BOOK VALUE

At 30 September 2014

795

At 30 September 2013

994

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100