Rowecon Systems Limited - Limited company - abbreviated

REGISTERED NUMBER: 02255554 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Rowecon Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Glossop

J K Gartland

SECRETARY:

M Glossop

REGISTERED OFFICE:

Treeton Centre

Rother Cresent

Treeton

Rotherham

South Yorkshire

S60 5QY

REGISTERED NUMBER:

02255554 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

4 Park Square

Newton Chambers Road

Chapeltown

Sheffield

South Yorkshire

S35 2PH

FIXED ASSETS

Tangible assets

2

16,904

22,851

CURRENT ASSETS

Stocks

10,476

15,841

Debtors

87,409

102,339

Cash in hand

173

345

98,058

118,525

CREDITORS

Amounts falling due within one year

3

69,576

101,916

NET CURRENT ASSETS

28,482

16,609

TOTAL ASSETS LESS CURRENT
LIABILITIES

45,386

39,460

CREDITORS

Amounts falling due after more than one
year

4,049

-

NET ASSETS

41,337

39,460

CAPITAL AND RESERVES

Called up share capital

4

35,100

Profit and loss account

6,237

4,360

SHAREHOLDERS' FUNDS

41,337

39,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 21 August 2014 and were signed on its behalf by:

J K Gartland - 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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & office equipment

-

15% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

63,716

Disposals

(9,950

)

At 30 April 2014

53,766

DEPRECIATION

At 1 May 2013

40,865

Charge for year

4,620

Eliminated on disposal

(8,623

)

At 30 April 2014

36,862

NET BOOK VALUE

At 30 April 2014

16,904

At 30 April 2013

22,851

3.

CREDITORS

Creditors include an amount of £ 24,950 (30.4.13 - £ 6,378 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

20,100

Ordinary

£1

20,100

15,000

Redeemable Ordinary

£1

15,000

35,100

Rowecon Systems Limited - Limited company - abbreviated - 11.0.0

Rowecon Systems Limited - Limited company - abbreviated - 11.0.0