R.G.K._(UK)_LIMITED - Accounts

R G K (UK) LIMITED - Company Information

Print Friendly Version

Company Registration No. SC077454 (Scotland)

R.G.K. (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2015

R.G.K. (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

R.G.K. (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

50,358

43,766

Current assets

Stocks

11,451

14,035

Debtors

121,956

130,485

Cash at bank and in hand

133,411

144,524

Creditors: amounts falling due within one year

(100,901)

(111,549)

Net current assets

32,510

32,975

Total assets less current liabilities

82,868

76,741

Creditors: amounts falling due after more than one year

(13,526)

(7,991)

Provisions for liabilities

(7,294)

(6,691)

62,048

62,059

Capital and reserves

Called up share capital

30,100

Profit and loss account

31,948

31,959

Shareholders' funds

62,048

62,059

R.G.K. (UK) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial period ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 8 October 2015

R G Kerr

Director

Company Registration No. SC077454

R.G.K. (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company has returned a small pre-tax profit in the year and the net assets remain positive. The company has support from its directors and an overdraft facility is in place. The directors consider that the company will continue in operational existence for the foreseeable future and they therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

1.4

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

20% and 25% Reducing Balance

Fixtures, fittings & equipment

25% Reducing Balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Stock

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

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

R.G.K. (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 March 2014

212,849

Additions

46,840

Disposals

(42,150)

At 31 March 2015

217,539

Depreciation

At 1 March 2014

169,083

On disposals

(15,175)

Charge for the period

13,273

At 31 March 2015

167,181

Net book value

At 31 March 2015

50,358

At 28 February 2014

43,766

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £50,871 (2014 - £55,232).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £13,526 (2014 - £7,991).

Share capital

2015

2014

Allotted, called up and fully paid

30,100 Ordinary shares of £1 each

30,100