R G M Agricultural Engineers Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04906210 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

R G M Agricultural Engineers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Mitchell

SECRETARY:

Mrs T L Mitchell

REGISTERED OFFICE:

17 Duckmoor Road

Ashton

Bristol

BS3 2DD

REGISTERED NUMBER:

04906210 (England and Wales)

ACCOUNTANTS:

P B Accountancy Ltd

17 Duckmoor Road

Ashton

Bristol

BS3 2DD

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

12,279

16,406

12,279

16,406

CURRENT ASSETS

Stocks

13,468

18,659

Debtors

22,657

25,963

Cash at bank

172,041

144,025

208,166

188,647

CREDITORS

Amounts falling due within one year

220,119

204,739

NET CURRENT LIABILITIES

(11,953

)

(16,092

)

TOTAL ASSETS LESS CURRENT LIABILITIES

326

314

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

226

214

SHAREHOLDERS' FUNDS

326

314

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 January 2016 and were signed by:

R Mitchell - 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 2003, 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

8,100

AMORTISATION

At 1 October 2014

and 30 September 2015

8,100

NET BOOK VALUE

At 30 September 2015

-

At 30 September 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

54,688

DEPRECIATION

At 1 October 2014

38,282

Charge for year

4,127

At 30 September 2015

42,409

NET BOOK VALUE

At 30 September 2015

12,279

At 30 September 2014

16,406

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

100

Ordinary

1

100

100

5.	ULTIMATE CONTROLLING PARTY