Abbreviated Company Accounts - REA BROTHERS (LARNE) LIMITED

REA BROTHERS (LARNE) LIMITED - Company Information

Registered Number NI045244

REA BROTHERS (LARNE) LIMITED

Abbreviated Accounts

31 January 2015

REA BROTHERS (LARNE) LIMITED Registered Number NI045244

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	31,609	37,206
		31,609	37,206
Current assets
Stocks		2,500	2,500
Debtors		26,676	67,732
Cash at bank and in hand		23,599	25,168
		52,775	95,400
Creditors: amounts falling due within one year		(13,259)	(16,227)
Net current assets (liabilities)		39,516	79,173
Total assets less current liabilities		71,125	116,379
Total net assets (liabilities)		71,125	116,379
Capital and reserves
Called up share capital		10	10
Profit and loss account		71,115	116,369
Shareholders' funds		71,125	116,379

For the year ending 31 January 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 their behalf by:
Irvine Rea, Director

REA BROTHERS (LARNE) LIMITED Registered Number NI045244

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention.

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

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:

Plant and Machinery 15% reducing balance
Fixtures, Fittings & Equipment 15% & 25% reducing balance
Motor Vehicles 25% reducing balance

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

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

2Tangible fixed assets

	£
Cost
At 1 February 2014	112,866
Additions	559
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	113,425
Depreciation
At 1 February 2014	75,660
Charge for the year	6,156
On disposals	-
At 31 January 2015	81,816
Net book values
At 31 January 2015	31,609
At 31 January 2014	37,206