Ravenshead Interiors Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08301407 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2014

for

Ravenshead Interiors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs N J Whitsed

D L Whitsed

SECRETARY:

Mrs N J Whitsed

REGISTERED OFFICE:

31 Oakwood Drive

Ravenshead

Nottinghamshire

NG15 9DP

REGISTERED NUMBER:

08301407 (England and Wales)

ACCOUNTANTS:

Gregory Priestley & Stewart

16 Queen Street

Ilkeston

Derbyshire

DE7 5GT

FIXED ASSETS

Intangible assets

2

82,600

106,600

Tangible assets

3

20,938

6,223

103,538

112,823

CURRENT ASSETS

Stocks

18,200

18,111

Debtors

10,008

708

Cash at bank and in hand

22,731

26,530

50,939

45,349

CREDITORS

Amounts falling due within one year

4

121,945

141,944

NET CURRENT LIABILITIES

(71,006

)

(96,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,532

16,228

CREDITORS

Amounts falling due after more than one year

4

(12,369

)

-

PROVISIONS FOR LIABILITIES

(4,188

)

-

NET ASSETS

15,975

16,228

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

15,875

16,128

SHAREHOLDERS' FUNDS

15,975

16,228

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 7 July 2015 and were signed on its behalf by:

D L Whitsed - 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 2013, is being amortised evenly over its estimated useful life of 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 etc

-

25% on reducing balance

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 December 2013

and 30 November 2014

120,000

AMORTISATION

At 1 December 2013

13,400

Amortisation for year

24,000

At 30 November 2014

37,400

NET BOOK VALUE

At 30 November 2014

82,600

At 30 November 2013

106,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

8,058

Additions

16,617

At 30 November 2014

24,675

DEPRECIATION

At 1 December 2013

1,835

Charge for year

1,902

At 30 November 2014

3,737

NET BOOK VALUE

At 30 November 2014

20,938

At 30 November 2013

6,223

4.

CREDITORS

Creditors include an amount of £ 16,492 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

50

Ordinary A

1

50

50

50

Ordinary B

1

50

50

100

100