RSC_INTERNATIONAL_TRADING - Accounts

RSC INTERNATIONAL TRADING LIMITED - Company Information

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Company Registration No. 07506886 (England and Wales)

RSC INTERNATIONAL TRADING LTD

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2015

RSC INTERNATIONAL TRADING LTD

COMPANY INFORMATION

Director

S L Provan

Company number

07506886

Registered office

4th Floor

54 Conduit Street

London

W1S 2YY

RSC INTERNATIONAL TRADING LTD

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 JANUARY 2015

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The director presents his report and financial statements for the year ended 31 January 2015.

Director

The following director has held office since 1 February 2014:

S L Provan

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

S L Provan

Director

22 October 2015

RSC INTERNATIONAL TRADING LTD

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 JANUARY 2015

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2015

2014

Notes

Turnover

325,139,115

124,979,587

Cost of sales

(324,976,545)

(124,917,097)

Gross profit

162,570

62,490

Administrative expenses

(55,000)

(1)

Profit on ordinary activities before taxation

107,570

62,489

Tax on profit on ordinary activities

(21,514)

(12,498)

Profit for the year

86,056

49,991

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

RSC INTERNATIONAL TRADING LTD

BALANCE SHEET

AS AT

31 JANUARY 2015

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2015

2014

Notes

Current assets

Debtors

2,834,093

2,756,451

Cash at bank and in hand

36,747

48,654

2,870,840

2,805,105

Creditors: amounts falling due within one year

(2,690,708)

(2,711,029)

Total assets less current liabilities

180,132

94,076

Capital and reserves

Called up share capital

100

Other reserves

93,976

43,985

Profit and loss account

86,056

49,991

Shareholders' funds

180,132

94,076

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

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These 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 22 October 2015

S L Provan

Director

Company Registration No. 07506886

RSC INTERNATIONAL TRADING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2015

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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 amounts receivable for goods and services net of VAT and trade discounts.

Taxation

2015

2014

Domestic current year tax

U.K. corporation tax

21,514

12,498

Total current tax

21,514

12,498

Factors affecting the tax charge for the year

Profit on ordinary activities before taxation

107,570

62,489

Debtors

2015

2014

Trade debtors

2,789,425

2,756,451

Other debtors

44,668

2,834,093

2,756,451

RSC INTERNATIONAL TRADING LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2015

- 5 -

Creditors: amounts falling due within one year

2015

2014

Trade creditors

2,656,596

2,687,435

Taxation and social security

34,012

23,494

Other creditors

100

2,690,708

2,711,029

Share capital

2015

2014

Allotted, called up and fully paid

100

Statement of movements on reserves

Reserves

Profit
and loss
account

Profit for the year

86,056

Movement during the year

93,976

Balance at 31 January 2015

93,976

86,056

Reserves

Reserve for own shares movement

93,976

Balance at 31 January 2015

93,976

Foreign Currencies

Transactions in foreign currencies are translated into sterling at the average monthly rate of exchange of the

month the transaction occurred. Assets and liabilities in foreign currencies if any are translated into sterling at

the rate prevailing at the balance sheet date. Exchange differences are taken into account at arriving at the

operating profit.