Radius Export Packing Services Ltd - Abbreviated accounts 16.1

Radius Export Packing Services Ltd - Abbreviated accounts 16.1

RADIUS EXPORT PACKING SERVICES LTD - Company Information

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REGISTERED NUMBER: 06442968 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

RADIUS EXPORT PACKING SERVICES LTD

RADIUS EXPORT PACKING SERVICES LTD (REGISTERED NUMBER: 06442968)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

RADIUS EXPORT PACKING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2016







DIRECTORS: M E Brown
L M Brown





SECRETARY: M E Brown





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 06442968 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings LLP
Riverside House
1 - 5 Como Street
Romford
Essex
RM7 7DN
Page 1
RADIUS EXPORT PACKING SERVICES LTD (REGISTERED NUMBER: 06442968)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 10,000 15,000
Tangible assets 3 52,550 50,636
62,550 65,636

CURRENT ASSETS
Stocks 19,695 34,159
Debtors 129,900 134,858
Cash at bank and in hand 306,574 240,162
456,169 409,179
CREDITORS
Amounts falling due within one year 89,758 68,298
NET CURRENT ASSETS 366,411 340,881
TOTAL ASSETS LESS CURRENT
LIABILITIES
428,961
406,517

PROVISIONS FOR LIABILITIES 9,812 8,700
NET ASSETS 419,149 397,817

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 419,049 397,717
SHAREHOLDERS' FUNDS 419,149 397,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 29 April 2016 and were signed on
its behalf by:



M E Brown - Director


The notes form part of these abbreviated accounts

Page 2
RADIUS EXPORT PACKING SERVICES LTD (REGISTERED NUMBER: 06442968)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016


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 January 2015).

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.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 50,000
AMORTISATION
At 1 March 2015 35,000
Amortisation for year 5,000
At 29 February 2016 40,000
NET BOOK VALUE

At 29 February 2016 10,000
At 28 February 2015 15,000

Page 3 continued...
RADIUS EXPORT PACKING SERVICES LTD (REGISTERED NUMBER: 06442968)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015 107,767
Additions 18,074
Disposals (11,800 )
At 29 February 2016 114,041
DEPRECIATION
At 1 March 2015 57,131
Charge for year 13,303
Eliminated on disposal (8,943 )
At 29 February 2016 61,491
NET BOOK VALUE
At 29 February 2016 52,550
At 28 February 2015 50,636

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4