ROTORMURF_LIMITED - Accounts

ROTORMURF LIMITED - Company Information

Print Friendly Version

ROTORMURF LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Company Registration No. 03114215 (England and Wales)

ROTORMURF LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ROTORMURF LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

52,354

818

Current assets

Debtors

285

637

Cash at bank and in hand

8,525

225

8,810

862

Creditors: amounts falling due within one year

(329,365)

(230,858)

Net current liabilities

(320,555)

(229,996)

Total assets less current liabilities

(268,201)

(229,178)

Capital and reserves

Called up share capital

Profit and loss account

(268,205)

(229,182)

Shareholders' funds

(268,201)

(229,178)

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and authorised for issue on 18 December 2015

Mr P F Murphy

Director

Company Registration No. 03114215

ROTORMURF LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company meets its day to day working capital requirements through personal funding by the directors. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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

Tangible fixed assets and depreciation

Plant and machinery

25% reducing balance

Computer equipment

25% reducing balance

1.4

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Provision is only made for material amounts.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

ROTORMURF LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2014

2,766

Additions

68,933

At 31 March 2015

71,699

Depreciation

At 1 April 2014

1,947

Charge for the year

17,398

At 31 March 2015

19,345

Net book value

At 31 March 2015

52,354

At 31 March 2014

818

Share capital

2015

2014

Allotted, called up and fully paid

4 Ordinary shares of £1 each

Ultimate parent company

The company is under the control of Mr P F Murphy director.