Greenwood_Estate_&_Proper - Accounts

RFM CONSTRUCTION LIMITED - Company Information

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Company Registration No. 03123895 (England and Wales)

Greenwood Estate & Property Maintenance Limited

Abbreviated Accounts

For The Year Ended 30 June 2015

GREENWOOD ESTATE & PROPERTY MAINTENANCE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GREENWOOD ESTATE & PROPERTY MAINTENANCE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

273

Current assets

Stocks

1,000

Debtors

63,672

113,268

Cash at bank and in hand

63,713

114,309

Creditors: amounts falling due within one year

(72,986)

(93,679)

Net current liabilities/(assets)

(9,273)

20,630

Total assets less current liabilities

(9,178)

20,903

Provisions for liabilities

(32)

(9,178)

20,871

Capital and reserves

Called up share capital

100

Profit and loss account

(9,278)

20,771

Shareholders' funds

(9,178)

20,871

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 March 2016

Mr I Flanagan

Director

Company Registration No. 03123895

GREENWOOD ESTATE & PROPERTY MAINTENANCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.

The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The directors have prepared projected cash flow information for the period ending 9 months from the date of their approval of these financial statements. On the basis of this cash flow information and discussions with the company's bankers, the directors consider that the company will continue to operate within the facility currently agreed and within that which they expect will be agreed on (date), when the company's bankers are due to consider renewing the facility for a further year.
However, the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment

33% Straight line

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Fixed assets

Tangible assets

Cost

At 1 July 2014 & at 30 June 2015

541

Depreciation

At 1 July 2014

268

Charge for the year

178

At 30 June 2015

446

Net book value

At 30 June 2015

At 30 June 2014

273

GREENWOOD ESTATE & PROPERTY MAINTENANCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £3,736 (2014 - £18,202).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The ultimate parent company is RFM Group Services Limited.