Abbreviated Company Accounts - R SONS LIMITED
Abbreviated Company Accounts - R SONS LIMITED
Registered Number 03637238
R SONS LIMITED
Abbreviated Accounts
31 October 2014
R SONS LIMITED Registered Number 03637238
Abbreviated Balance Sheet as at 31 October 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 October 2014 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
And signed on their behalf by:
R SONS LIMITED Registered Number 03637238
Notes to the Abbreviated Accounts for the period ended 31 October 2014
1Accounting Policies
Basis of measurement and preparation of accounts
certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities
(effective April 2008).
Turnover policy
Value Added Tax and trade discounts.
Tangible assets depreciation policy
Motor vehicles - 25% per annum reducing balance
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Deferred taxation :
Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and loses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based upon rates enacted at the balance sheet date.
£ | |
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Cost | |
At 1 November 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2014 |
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Depreciation | |
At 1 November 2013 |
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Charge for the year |
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On disposals |
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At 31 October 2014 |
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Net book values | |
At 31 October 2014 | 340,302 |
At 31 October 2013 | 340,057 |