RBYG Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07351559 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

RBYG LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R M Stiff

REGISTERED OFFICE:

NWS House

1A High Street

Purley

Surrey

CR8 2AF

REGISTERED NUMBER:

07351559 (England and Wales)

ACCOUNTANTS:

Shipleys LLP

Chartered Accountants

3 Godalming Business Centre

Woolsack Way

Godalming

Surrey

GU7 1XW

CURRENT ASSETS

Stocks

2,000

28,000

Debtors

-

2,357

Cash at bank

6

18,883

2,006

49,240

CREDITORS

Amounts falling due within one year

280,513

313,894

NET CURRENT LIABILITIES

(278,507

)

(264,654

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(278,507

)

(264,654

)

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

(278,607

)

(264,754

)

SHAREHOLDERS' FUNDS

(278,507

)

(264,654

)

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 27 June 2016 and were signed by:

R M Stiff - 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 director did not consider the company to be a going concern and in consequence ceased trading in February

2015. The financial statements have therefore been prepared on a break up basis and tangible fixed assets

together with the balance of stock on hand have been fully impaired.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

moving items.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

3.	ULTIMATE PARENT COMPANY

Galago (Holdings) Limited is regarded by the director as being the company's ultimate parent company.