R Silcock Limited - Period Ending 2016-03-31

Registration number: 9283501

R Silcock Limited

Unaudited Abbreviated Accounts

for the period from 1 January 2015 to 31 March 2016

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

R Silcock Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
R Silcock Limited
for the Period Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R Silcock Limited for the period ended 31 March 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of R Silcock Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of R Silcock Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R Silcock Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that R Silcock Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of R Silcock Limited. You consider that R Silcock Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of R Silcock Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

30 June 2016

Page 1

R Silcock Limited

(Registration number: 9283501)
Abbreviated Balance Sheet as at 31 March 2016

	Note	31 March 2016 £
Fixed assets
Tangible assets		4,062
Current assets
Stocks		23,185
Debtors		60,249
Cash at bank and in hand		12,763
		96,197
Creditors: Amounts falling due within one year		(97,423)
Net current liabilities		(1,226)
Total assets less current liabilities		2,836
Creditors: Amounts falling due after more than one year		(41,317)
Net liabilities		(38,481)
Capital and reserves
Called up share capital	4	100
Profit and loss account		(38,581)
Shareholders' deficit		(38,481)

For the period ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 June 2016 and signed on its behalf by:

.........................................
L Dean
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

R Silcock Limited

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Fixed assets

	Tangible assets £	Total £
Cost
Additions	5,000	5,000
At 31 March 2016	5,000	5,000
Depreciation
Charge for the year	938	938
At 31 March 2016	938	938
Net book value
At 31 March 2016	4,062	4,062

Page 3

R Silcock Limited

Notes to the Abbreviated Accounts

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

	31 March 2016 £
Amounts falling due within one year	4,212
Amounts falling due after more than one year	41,317
Total secured creditors	45,529

Share capital

Allotted, called up and fully paid shares

	31 March 2016
	No.	£
Ordinary shares of £1 each	100	100

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 4