Rokel Engineering Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07928585 (England and Wales)

ROKEL ENGINEERING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A R Meek

REGISTERED OFFICE:

Churchgate House

Church Road

Whitchurch

Cardiff

CF14 2DX

REGISTERED NUMBER:

07928585 (England and Wales)

FIXED ASSETS

Intangible assets

2

165,166

174,886

Tangible assets

3

6,837

8,741

172,003

183,627

CURRENT ASSETS

Stocks

32,987

24,225

Debtors

81,085

103,778

Cash at bank

-

3,213

114,072

131,216

CREDITORS

Amounts falling due within one year

163,316

221,587

NET CURRENT LIABILITIES

(49,244

)

(90,371

)

TOTAL ASSETS LESS CURRENT LIABILITIES

122,759

93,256

CREDITORS

Amounts falling due after more than one year

84,937

68,157

NET ASSETS

37,822

25,099

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

37,722

24,999

SHAREHOLDERS' FUNDS

37,822

25,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 November 2015 and were signed by:

A R Meek - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

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 machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

194,326

AMORTISATION

At 1 June 2014

19,440

Amortisation for year

9,720

At 31 May 2015

29,160

NET BOOK VALUE

At 31 May 2015

165,166

At 31 May 2014

174,886

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

15,174

Additions

616

At 31 May 2015

15,790

DEPRECIATION

At 1 June 2014

6,433

Charge for year

2,520

At 31 May 2015

8,953

NET BOOK VALUE

At 31 May 2015

6,837

At 31 May 2014

8,741

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year-ended 31 May 2015, the Director A R MEEK maintained an interest free loan with the Company, details of which are below:

2015

2014

£

£

Balance B.Fwd

12,163

22,010

Amounts introduced

9,702

4,653

Amounts withdrawn

(16,000)

(14,500)

Balance C.Fwd

5,865

12,163

The maximum balance during the year was £12,163 in credit.