Red Spider Hire Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08270426 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

RED SPIDER HIRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

R J Graydon

Mrs A J G Graydon

SECRETARY:

REGISTERED OFFICE:

Hopton Corner House

Alfrick

Worcester

WR6 5HP

REGISTERED NUMBER:

08270426 (England and Wales)

ACCOUNTANTS:

LINDA COTTERILL CHARTERED ACCOUNTANTS

Hopton Corner House

Alfrick

Worcester

Worcestershire

WR6 5HP

BANKERS:

Barclays Bank plc

54 High Street

Worcester

Worcestershire

WR1 2QQ

FIXED ASSETS

Tangible assets

2

95,441

99,031

CURRENT ASSETS

Debtors

4,145

10,582

Cash at bank

7,203

212

11,348

10,794

CREDITORS

Amounts falling due within one year

116,640

160,772

NET CURRENT LIABILITIES

(105,292

)

(149,978

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,851

)

(50,947

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(9,853

)

(50,949

)

SHAREHOLDERS' FUNDS

(9,851

)

(50,947

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 July 2015 and were signed on its behalf by:

R J Graydon - 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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

123,831

Additions

20,302

At 31 December 2014

144,133

DEPRECIATION

At 1 January 2014

24,800

Charge for year

23,892

At 31 December 2014

48,692

NET BOOK VALUE

At 31 December 2014

95,441

At 31 December 2013

99,031

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

ordinary

£1`

2

2

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is represented by the two directors on account of the joint shareholding..

5.	GOING CONCERN

At the financial year end the Balance Sheet showed a net liability of £9,851, including an amount due to the

directors of £97,080. The directors have confirmed their continued support of the company to enable it to meet

its obligations as they fall due. The accounts have therefore been drawn up on a going concern basis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Red Spider Hire Limited for the year ended 31 December 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Red Spider Hire Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Red Spider Hire Limited and state those matters that we have agreed to state to the Board of Directors of Red Spider Hire Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Red Spider Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Spider Hire Limited. You consider that Red Spider Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Red Spider Hire Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LINDA COTTERILL CHARTERED ACCOUNTANTS

Hopton Corner House

Alfrick

Worcester

Worcestershire

WR6 5HP

15 July 2015