Company Registration No. 03555510 (England and Wales)
A C RAWLINS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
A C RAWLINS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A C RAWLINS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
63,608
65,398
Current assets
Stocks
32,488
33,779
Debtors
25,535
56,158
Cash at bank and in hand
771,970
976,153
829,993
1,066,090
Creditors: amounts falling due within one year
(524,974)
(254,248)
Net current assets
305,019
811,842
Total assets less current liabilities
368,627
877,240
Capital and reserves
Called up share capital
3
2
2
Other reserves
44
44
Profit and loss account
368,581
877,194
Shareholders' funds
368,627
877,240
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 7 July 2016
Mr A C Rawlins
Director
Company Registration No. 03555510
A C RAWLINS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
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 January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
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:
Land and buildings leasehold
Over the term of the lease
Fixtures, fittings & equipment
25% and 33% on cost
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015
100,000
276,832
376,832
Additions
-
2,852
2,852
At 30 April 2016
100,000
279,684
379,684
Depreciation
At 1 May 2015
100,000
211,434
311,434
Charge for the year
-
4,642
4,642
At 30 April 2016
100,000
216,076
316,076
Net book value
At 30 April 2016
-
63,608
63,608
At 30 April 2015
-
65,398
65,398
A C RAWLINS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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