R N Roberts (North Road) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05800833 (England and Wales)

R N ROBERTS (NORTH ROAD) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R N Roberts

S M Roberts

C E Ellis

SECRETARY:

S M Roberts

REGISTERED OFFICE:

280 North Road

CARDIFF

CF14 3BN

REGISTERED NUMBER:

05800833 (England and Wales)

ACCOUNTANTS:

Watts Gregory LLP

Chartered Accountants

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Intangible assets

2

182,549

192,691

Tangible assets

3

21,142

19,790

203,691

212,481

CURRENT ASSETS

Stocks

44,578

43,074

Debtors

16,168

15,948

Cash at bank and in hand

49,509

34,973

110,255

93,995

CREDITORS

Amounts falling due within one year

4

(222,568

)

(226,567

)

NET CURRENT LIABILITIES

(112,313

)

(132,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

91,378

79,909

CREDITORS

Amounts falling due after more than one year

4

-

(4,599

)

PROVISIONS FOR LIABILITIES

(2,440

)

(1,307

)

NET ASSETS

88,938

74,003

CAPITAL AND RESERVES

Called up share capital

5

200

200

Profit and loss account

88,738

73,803

SHAREHOLDERS' FUNDS

88,938

74,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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:

R N Roberts - 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 represents net invoiced sales of optical goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

33% on cost

Fixtures, fittings and equipment

-

20% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 May 2014

and 30 April 2015

238,629

AMORTISATION

At 1 May 2014

45,938

Amortisation for year

10,142

At 30 April 2015

56,080

NET BOOK VALUE

At 30 April 2015

182,549

At 30 April 2014

192,691

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

56,700

Additions

8,088

At 30 April 2015

64,788

DEPRECIATION

At 1 May 2014

36,910

Charge for year

6,736

At 30 April 2015

43,646

NET BOOK VALUE

At 30 April 2015

21,142

At 30 April 2014

19,790

4.

CREDITORS

Creditors include an amount of £ 4,598 (2014 - £ 5,448 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

200

Ordinary

£1

200

200