RDM Financial Services Limited - Period Ending 2016-01-31

Registration number: 08832634

RDM Financial Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Nigel Gorski Consulting
Chartered Accountant
23 Hollinwood View
Bingley
West Yorkshire
BD16 2EF

RDM Financial Services Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
RDM Financial Services Limited
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RDM Financial Services Limited for the year ended 31 January 2016 set out on pages 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 Board of Directors of RDM Financial Services Limited, as a body, in accordance with the terms of our engagement letterdated 23 March 2015. Our work has been undertaken solely to prepare for your approval the accounts of RDM Financial Services Limited and state those matters that we have agreed to state to them, as a body, 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 RDM Financial Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that RDM Financial Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RDM Financial Services Limited. You consider that RDM Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of RDM Financial Services 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 accounts.

......................................

Nigel Gorski Consulting
Chartered Accountant
23 Hollinwood View
Bingley
West Yorkshire
BD16 2EF

16 February 2016

Page 1

RDM Financial Services Limited
(Registration number: 08832634)
Abbreviated Balance Sheet at 31 January 2016

		Note			31 January 2016 £			31 January 2015 £
Fixed assets
Tangible fixed assets					1,083			1,625
Current assets
Debtors					360			462
Cash at bank and in hand					28,126			25,257
					28,486			25,719
Creditors: Amounts falling due within one year					(12,167)			(12,131)
Net current assets					16,319			13,588
Net assets					17,402			15,213
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					17,302			15,113
Shareholders' funds					17,402			15,213

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 16 February 2016

.........................................
Richard Mettrick
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

RDM Financial Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts commissions receivable with respect to sales to customers.

Depreciation

All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Office equipment	over 4 years

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

RDM Financial Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		2,442			2,442
At 31 January 2016		2,442			2,442
Depreciation
At 1 February 2015		817			817
Charge for the year		542			542
At 31 January 2016		1,359			1,359
Net book value
At 31 January 2016		1,083			1,083
At 31 January 2015		1,625			1,625

3	Share capital

Allotted, called up and fully paid shares

	31 January 2016						31 January 2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4