RM Construction (Cambridge) Ltd - Period Ending 2015-03-31

Registration number: 05391964

RM Construction (Cambridge) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

AIMS Accountants for Business
Mark Ellis FCA
1 Ramsay Court
Kingfisher Way
Huntingdon
Cambridgeshire
PE29 6FY

RM Construction (Cambridge) Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

RM Construction (Cambridge) Ltd
(Registration number: 05391964)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					57,263			69,383
Current assets
Stocks					129,264			33,473
Debtors					195,102			153,726
Cash at bank and in hand					499,508			690,928
					823,874			878,127
Creditors: Amounts falling due within one year					(215,793)			(264,487)
Net current assets					608,081			613,640
Total assets less current liabilities					665,344			683,023
Provisions for liabilities					(11,209)			(13,579)
Net assets					654,135			669,444
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					654,035			669,344
Shareholders' funds					654,135			669,444

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 June 2015 and signed on its behalf by:

.........................................
S Sarakun
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

RM Construction (Cambridge) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & machinery	15% reducing balance rate
Motor vehicles	25% reducing balance rate
Office equipment	15% reducing balance rate
Short leasehold property	25% straight line basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

RM Construction (Cambridge) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		200,710			200,710
Additions		3,460			3,460
At 31 March 2015		204,170			204,170
Depreciation
At 1 April 2014		131,327			131,327
Charge for the year		15,580			15,580
At 31 March 2015		146,907			146,907
Net book value
At 31 March 2015		57,263			57,263
At 31 March 2014		69,383			69,383

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
S Sarakun

Page 3

RM Construction (Cambridge) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

Amount advanced (no interest)	10,000	-	-	-
R Mead
Amount advanced (no interest)	35,658	-	-	-

Page 4