RMG Logistics Limited - Limited company - abbreviated - 11.9

RMG Logistics Limited - Limited company - abbreviated - 11.9

RMG LOGISTICS LIMITED - Company Information

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REGISTERED NUMBER: 04505375 (England and Wales)



















ABBREVIATED ACCOUNTS

FOR THE PERIOD 1 APRIL 2014 TO 30 SEPTEMBER 2015

FOR

RMG LOGISTICS LIMITED

RMG LOGISTICS LIMITED (REGISTERED NUMBER: 04505375)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 APRIL 2014 TO 30 SEPTEMBER 2015




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

RMG LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2014 TO 30 SEPTEMBER 2015







DIRECTOR: R M Grainger





REGISTERED OFFICE: Oldbury Industrial Estate
Oldbury Road
WEST BROMWICH
West Midlands
B70 9DD





REGISTERED NUMBER: 04505375 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RMG LOGISTICS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited
financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of RMG Logistics Limited for the period ended 30 September 2015 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you have
given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of RMG Logistics Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RMG Logistics Limited and state those matters that we have agreed to state to the director of RMG Logistics Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that RMG Logistics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of RMG Logistics Limited. You consider that RMG Logistics Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of RMG Logistics Limited. For this reason,
we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us
and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


26 November 2015

This page does not form part of the abbreviated accounts

Page 2
RMG LOGISTICS LIMITED (REGISTERED NUMBER: 04505375)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 74,416 668,198

CURRENT ASSETS
Stocks - 6,749
Debtors 95,075 112,450
Cash at bank 10,021 -
105,096 119,199
CREDITORS
Amounts falling due within one year 104,255 234,516
NET CURRENT ASSETS/(LIABILITIES) 841 (115,317 )
TOTAL ASSETS LESS CURRENT LIABILITIES 75,257 552,881

CREDITORS
Amounts falling due after more than one year 3 73,757 510,332
NET ASSETS 1,500 42,549

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,400 42,449
SHAREHOLDERS' FUNDS 1,500 42,549

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 26 November 2015 and were signed by:





R M Grainger - Director


The notes form part of these abbreviated accounts

Page 3
RMG LOGISTICS LIMITED (REGISTERED NUMBER: 04505375)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 APRIL 2014 TO 30 SEPTEMBER 2015

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 goods, excluding value added tax, except in respect of service contracts where
turnover is recognised when the company obtains the right to consideration.

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.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 832,087
Additions 13,760
Disposals (615,585 )
At 30 September 2015 230,262
DEPRECIATION
At 1 April 2014 163,889
Charge for period 32,710
Eliminated on disposal (40,753 )
At 30 September 2015 155,846
NET BOOK VALUE
At 30 September 2015 74,416
At 31 March 2014 668,198

3. CREDITORS

Creditors include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable by instalments 25,960 38,085

Page 4 continued...
RMG LOGISTICS LIMITED (REGISTERED NUMBER: 04505375)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 1 APRIL 2014 TO 30 SEPTEMBER 2015

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

The following advances and credits to a director subsisted during the period ended 30 September 2015 and the year ended
31 March 2014:

2015 2014
£    £   
R M Grainger
Balance outstanding at start of period 10,719 -
Amounts advanced 12,375 10,719
Amounts repaid (10,719 ) -
Balance outstanding at end of period 12,375 10,719

Page 5