Rock & Co. Granite Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06584527 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Rock & Co. Granite Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A D Morgan

R C Morgan

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

06584527 (England and Wales)

ACCOUNTANTS:

Philip T. Chave & Co

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Intangible assets

2

13,500

18,000

Tangible assets

3

81,972

42,523

95,472

60,523

CURRENT ASSETS

Stocks

54,500

49,500

Debtors

23,577

9,209

Cash at bank

68,715

46,679

146,792

105,388

CREDITORS

Amounts falling due within one year

203,828

130,701

NET CURRENT LIABILITIES

(57,036

)

(25,313

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,436

35,210

CREDITORS

Amounts falling due after more than one year

16,584

18,412

NET ASSETS

21,852

16,798

CAPITAL AND RESERVES

Called up share capital

4

200

100

Profit and loss account

21,652

16,698

SHAREHOLDERS' FUNDS

21,852

16,798

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 2 March 2016 and were signed on its behalf by:

A D Morgan - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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 material timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

45,000

AMORTISATION

At 1 June 2014

27,000

Amortisation for year

4,500

At 31 May 2015

31,500

NET BOOK VALUE

At 31 May 2015

13,500

At 31 May 2014

18,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

88,646

Additions

62,082

At 31 May 2015

150,728

DEPRECIATION

At 1 June 2014

46,123

Charge for year

22,633

At 31 May 2015

68,756

NET BOOK VALUE

At 31 May 2015

81,972

At 31 May 2014

42,523

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary

£1

100

100

50

"A"

£1

50

-

50

"B"

£1

50

-

200

100

The following shares were allotted and fully paid for cash at par during the year:

50 "A" shares of £1 each

50 "B" shares of £1 each

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A D Morgan.