Ribchesters Group Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08668887 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

RIBCHESTERS GROUP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D M Armstrong FCA CTA

J D Holloway FCA DChA

R W Ribchester ACA MA(Dunelm)

REGISTERED OFFICE:

Finchale House

Belmont Business Park

Durham

DH1 1TW

REGISTERED NUMBER:

08668887 (England and Wales)

FIXED ASSETS

Intangible assets

2

751,111

-

Tangible assets

3

4,675

-

Investments

4

21

-

755,807

-

CURRENT ASSETS

Stocks

1,000

-

Debtors

325,723

5

Cash at bank and in hand

251,503

9,995

578,226

10,000

CREDITORS

Amounts falling due within one year

375,800

-

NET CURRENT ASSETS

202,426

10,000

TOTAL ASSETS LESS CURRENT LIABILITIES

958,233

10,000

CREDITORS

Amounts falling due after more than one year

(728,000

)

-

PROVISIONS FOR LIABILITIES

(406

)

-

NET ASSETS

229,827

10,000

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Profit and loss account

219,827

-

SHAREHOLDERS' FUNDS

229,827

10,000

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

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

The directors acknowledge their 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 Board of Directors on 10 November 2015 and were signed on its behalf by:

D M Armstrong FCA CTA - Director

J D Holloway FCA DChA - Director

R W Ribchester ACA MA(Dunelm) - 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).

Turnover

Turnover derives from the principal activity of the company, and represents revenue earned, net of value added

tax, on client contracts performed during the accounting period. Revenue is recognised at the fair value of work

performed up to the balance sheet date, once the right to revenue exists, the amounts receivable can be measured

reliably and it is probable that the revenue will be received.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of fifteen 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 etc

-

33% on cost and 10% 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

Additions

800,000

At 31 March 2015

800,000

AMORTISATION

Amortisation for year

48,889

At 31 March 2015

48,889

NET BOOK VALUE

At 31 March 2015

751,111

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

5,379

At 31 March 2015

5,379

DEPRECIATION

Charge for year

704

At 31 March 2015

704

NET BOOK VALUE

At 31 March 2015

4,675

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

21

At 31 March 2015

21

NET BOOK VALUE

At 31 March 2015

21

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Ribchesters Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2015

£

Aggregate capital and reserves

1

Associated company

Ribchester Smith & Law Limited

Nature of business: Chartered Accountants

%

Class of shares:

holding

Ordinary

20.00

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

4,000

Ordinary A

£1.00

4,000

4,000

4,000

Ordinary B

£1.00

4,000

4,000

2,000

Ordinary C

£1.00

2,000

2,000

10,000

10,000