Company Registration No. 07517564 (England and Wales)
REGENT SPECIALIST ROOFING LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
REGENT SPECIALIST ROOFING LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
REGENT SPECIALIST ROOFING LTD
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
25,000
50,000
Tangible assets
2
2,626
3,232
27,626
53,232
Current assets
Debtors
9,500
1,205
Cash at bank and in hand
36,452
850
45,952
2,055
Creditors: amounts falling due within one year
(88,101)
(52,508)
Net current liabilities
(42,149)
(50,453)
Total assets less current liabilities
(14,523)
2,779
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(14,623)
2,679
Shareholders' funds
(14,523)
2,779
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 19 November 2015
Mr D Bowyer
Director
Company Registration No. 07517564
REGENT SPECIALIST ROOFING 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).
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.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Plant and machinery
Motor vehicles
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2014 & at 28 February 2015
100,000
5,050
105,050
Depreciation
At 1 March 2014
50,000
1,818
51,818
Charge for the year
25,000
606
25,606
At 28 February 2015
75,000
2,424
77,424
Net book value
At 28 February 2015
25,000
2,626
27,626
At 28 February 2014
50,000
3,232
53,232
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 of £1 each
100
100
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