R Gould Limited - Limited company - abbreviated - 11.0.0

R Gould Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 05851475 (England and Wales)





R GOULD LIMITED
ABBREVIATED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014






R GOULD LIMITED (REGISTERED NUMBER: 05851475)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

R GOULD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: B Gould
R Gould
S Gould





SECRETARY: A Gillman





REGISTERED OFFICE: Unit 27 Pier Road Industrial Estate
Gillingham
Kent
ME7 1RZ





REGISTERED NUMBER: 05851475 (England and Wales)





ACCOUNTANTS: Perrys Accountants Limited
Chartered Accountants
19-21 Swan Street
West Malling
Kent
ME19 6JU

R GOULD LIMITED (REGISTERED NUMBER: 05851475)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 61,656 65,162
Tangible assets 3 72,722 55,145
134,378 120,307

CURRENT ASSETS
Stocks 600 400
Debtors 19,686 24,911
Cash at bank and in hand 39,369 4,161
59,655 29,472
CREDITORS
Amounts falling due within one year 104,178 84,023
NET CURRENT LIABILITIES (44,523 ) (54,551 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,855

65,756

CREDITORS
Amounts falling due after more than one
year

(68,587
)
(65,119
)

PROVISIONS FOR LIABILITIES (6,114 ) (517 )
NET ASSETS 15,154 120

CAPITAL AND RESERVES
Called up share capital 4 3 3
Profit and loss account 15,151 117
SHAREHOLDERS' FUNDS 15,154 120

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

R GOULD LIMITED (REGISTERED NUMBER: 05851475)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


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 8 July 2014 and were signed on its
behalf by:





R Gould - Director


R GOULD LIMITED (REGISTERED NUMBER: 05851475)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

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, except in respect of
service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 87,660
AMORTISATION
At 1 April 2013 22,498
Amortisation for year 3,506
At 31 March 2014 26,004
NET BOOK VALUE

At 31 March 2014 61,656
At 31 March 2013 65,162

R GOULD LIMITED (REGISTERED NUMBER: 05851475)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 109,728
Additions 39,498
At 31 March 2014 149,226
DEPRECIATION
At 1 April 2013 54,583
Charge for year 21,921
At 31 March 2014 76,504
NET BOOK VALUE
At 31 March 2014 72,722
At 31 March 2013 55,145

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary 1 1 1
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
3 3

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is the directors loan account balance of £21,649 (2013: £14,241).