RILEY_BROILERS_LIMITED - Accounts

RILEY BROILERS LIMITED - Company Information

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Company Registration No. 08191616 (England and Wales)

RILEY BROILERS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

RILEY BROILERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

RILEY BROILERS LIMITED

Company Registration No. 08191616(England and Wales)

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

271,600

277,200

Tangible assets

971,227

567,459

1,242,827

844,659

Current assets

Debtors

442,181

429,657

442,181

429,657

Creditors: amounts falling due within one year

(619,413)

(653,599)

Net current liabilities

(177,232)

(223,942)

Total assets less current liabilities

1,065,595

620,717

Creditors: amounts falling due after more than one year

(922,875)

(580,000)

Provisions for liabilities

(71,287)

(32,084)

71,433

8,633

Capital and reserves

Called up share capital

1,000

Profit and loss account

70,433

7,633

Shareholders' funds

71,433

8,633

RILEY BROILERS LIMITED

Company Registration No. 08191616(England and Wales)

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board for issue on 3 September 2014

W G Riley

R G Riley

Director

RILEY BROILERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

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 other than freehold land 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:

Land and buildings Freehold

Plant and machinery

15% Reducing balance

Motor vehicles

25% Reducing balance

1.6

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

RILEY BROILERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

280,000

584,970

864,970

Additions

503,853

At 31 March 2014

280,000

1,088,823

1,368,823

Depreciation

At 1 April 2013

2,800

17,511

20,311

Charge for the year

5,600

100,085

105,685

At 31 March 2014

8,400

117,596

125,996

Net book value

At 31 March 2014

271,600

971,227

1,242,827

At 31 March 2013

277,200

567,459

844,659

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £383,666 (2013 - £-).

Creditors: amounts falling due after more than one year

2014

2013

Total amounts repayable by instalments which are due in more than five years

76,147

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000