Rivers Building & Design Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07038921 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 JANUARY 2015 TO 31 OCTOBER 2015

FOR

RIVERS BUILDING & DESIGN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

Mr I Rivers

Mrs L Rivers

REGISTERED OFFICE:

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

07038921 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Tangible assets

2

23,934

31,371

CURRENT ASSETS

Stocks

12,834

448,730

Debtors

307,109

587,160

Cash at bank

89,570

73,668

409,513

1,109,558

CREDITORS

Amounts falling due within one year

89,642

592,765

NET CURRENT ASSETS

319,871

516,793

TOTAL ASSETS LESS CURRENT LIABILITIES

343,805

548,164

CREDITORS

Amounts falling due after more than one year

(841

)

(342,892

)

PROVISIONS FOR LIABILITIES

(4,787

)

(6,274

)

NET ASSETS

338,177

198,998

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

338,077

198,898

SHAREHOLDERS' FUNDS

338,177

198,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2015 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 29 January 2016 and were signed on its behalf by:

Mr I Rivers - 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 and machinery

-

25% on reducing balance

Computer equipment

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

47,625

Additions

1,012

Disposals

(4,000

)

At 31 October 2015

44,637

DEPRECIATION

At 1 January 2015

16,254

Charge for period

6,293

Eliminated on disposal

(1,844

)

At 31 October 2015

20,703

NET BOOK VALUE

At 31 October 2015

23,934

At 31 December 2014

31,371

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

New Land Homes Development Limited

A company with the same director and shareholder.

Included within 'Amounts owed by participating interests' is a balance of £303,818 (2014: £553,066) due from

New Land Homes Development Ltd.

Ian Rivers hold a title of director and is a shareholder of New Land Homes Development Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two 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 Rivers Building & Design Limited for the period ended 31 October 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Rivers Building & Design Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rivers Building & Design Limited and state those matters that we have agreed to state to the Board of Directors of Rivers Building & Design Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rivers Building & Design 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 profit of Rivers Building & Design Limited. You consider that Rivers Building & Design 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 Rivers Building & Design

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.

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

29 January 2016