Raden Engineering Limited - Limited company - abbreviated - 11.9

RADEN ENGINEERING LIMITED

Abbreviated Unaudited Accounts

for the Period 1 January 2014 to 30 June 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D P Harbage

R J Denning

Mrs J Harbage

Mrs S C Denning

SECRETARY:

Mrs J Harbage

REGISTERED OFFICE:

Unit 23

Maybrook Industrial Estate

Maybrook Road

Walsall Wood

West Midlands

WS8 7DG

REGISTERED NUMBER:

04991319

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Intangible assets

2

-

50,000

Tangible assets

3

-

6,805

-

56,805

CURRENT ASSETS

Stocks

-

4,700

Debtors

-

26,042

Cash at bank

7,399

1

7,399

30,743

CREDITORS

Amounts falling due within one year

4

(28,948

)

(85,862

)

NET CURRENT LIABILITIES

(21,549

)

(55,119

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,549

)

1,686

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(21,649

)

1,586

SHAREHOLDERS' FUNDS

(21,549

)

1,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 24 March 2016 and were signed on its behalf by:

R J Denning - Director

Mrs J Harbage - 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).

The accounts are prepared on the going concern basis on the assumption that the company's

creditors, in particular the company's directors, continue to provide financial support to the company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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

Fixtures and fittings

-

25% 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.

Deferred tax

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

100,000

Disposals

(100,000

)

At 30 June 2015

-

AMORTISATION

At 1 January 2014

50,000

Amortisation for period

7,500

Eliminated on disposal

(57,500

)

At 30 June 2015

-

NET BOOK VALUE

At 30 June 2015

-

At 31 December 2013

50,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

44,101

Disposals

(44,101

)

At 30 June 2015

-

DEPRECIATION

At 1 January 2014

37,296

Charge for period

2,448

Eliminated on disposal

(39,744

)

At 30 June 2015

-

NET BOOK VALUE

At 30 June 2015

-

At 31 December 2013

6,805

4.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 21,395 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2013

value:

£

£

100

Ordinary

£1

100

100