Abbreviated Company Accounts - RSC NEW HOMES LIMITED

Abbreviated Company Accounts - RSC NEW HOMES LIMITED


Registered Number 08415945

RSC NEW HOMES LIMITED

Abbreviated Accounts

31 March 2015

RSC NEW HOMES LIMITED Registered Number 08415945

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 105,600 118,800
Tangible assets 3 32,896 22,409
138,496 141,209
Current assets
Debtors 106,250 106,046
Cash at bank and in hand 105,964 28,097
212,214 134,143
Creditors: amounts falling due within one year (209,754) (133,215)
Net current assets (liabilities) 2,460 928
Total assets less current liabilities 140,956 142,137
Creditors: amounts falling due after more than one year (58,369) (114,740)
Total net assets (liabilities) 82,587 27,397
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 82,487 27,297
Shareholders' funds 82,587 27,397
  • For the year ending 31 March 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 5 October 2015

And signed on their behalf by:
D Booth, Director

RSC NEW HOMES LIMITED Registered Number 08415945

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment – 15% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

2Intangible fixed assets
£
Cost
At 1 April 2014 132,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 132,000
Amortisation
At 1 April 2014 13,200
Charge for the year 13,200
On disposals -
At 31 March 2015 26,400
Net book values
At 31 March 2015 105,600
At 31 March 2014 118,800
3Tangible fixed assets
£
Cost
At 1 April 2014 26,383
Additions 16,245
Disposals -
Revaluations -
Transfers -
At 31 March 2015 42,628
Depreciation
At 1 April 2014 3,974
Charge for the year 5,758
On disposals -
At 31 March 2015 9,732
Net book values
At 31 March 2015 32,896
At 31 March 2014 22,409
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100