Company Registration No. 07152408 (England and Wales)
JAMES RHODES LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
JAMES RHODES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
JAMES RHODES LTD
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
13,129
11,839
Current assets
Debtors
7,216
100
Cash at bank and in hand
18,523
3,432
25,739
3,532
Creditors: amounts falling due within one year
(76,321)
(9,031)
Net current liabilities
(50,582)
(5,499)
Total assets less current liabilities
(37,453)
6,340
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(37,553)
6,240
Shareholders' funds
(37,453)
6,340
For the financial year ended 28 February 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on .........................
2015-11-06
..............................
Mr James Rhodes
Director
Company Registration No. 07152408
JAMES RHODES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements have been prepared on a going concern basis and this assumes continued support from the shareholder who is also the director for the foreseeable future.
1.2
Turnover
Turnover represents fees receivable.
1.3
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:
Computer equipment
Straight-line method, 25%.
Fixtures, fittings & equipment
Straight-line method, 25%.
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2014
21,489
Additions
9,294
At 28 February 2015
30,783
Depreciation
At 1 March 2014
9,650
Charge for the year
8,004
At 28 February 2015
17,654
Net book value
At 28 February 2015
13,129
At 28 February 2014
11,839
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
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