RBG Process Limited - Abbreviated accounts 16.1

RBG Process Limited - Abbreviated accounts 16.1

RBG PROCESS LIMITED - Company Information

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REGISTERED NUMBER: SC121286 (Scotland)


















Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

RBG Process Limited

RBG Process Limited (Registered number: SC121286)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

RBG Process Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: R B Gilmour
E C Gilmour



SECRETARY: E C Gilmour



REGISTERED OFFICE: Crawton Croft
Stonehaven
Aberdeenshire
AB39 2TP



REGISTERED NUMBER: SC121286 (Scotland)



ACCOUNTANTS: MMG Archbold
Chartered Accountants
182 High Street
Montrose
ANGUS
DD10 8PH



BANKERS: The Royal Bank of Scotland
22-23 Market Square
Stonehaven
AB39 2BE
Page 1
RBG Process Limited (Registered number: SC121286)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 485 648
Investments 3 36,518 -
Investment property 4 161,986 161,986
198,989 162,634

CURRENT ASSETS
Debtors 21,747 3,768
Cash at bank 71,065 136,922
92,812 140,690
CREDITORS
Amounts falling due within one year 26,422 31,592
NET CURRENT ASSETS 66,390 109,098
TOTAL ASSETS LESS CURRENT
LIABILITIES
265,379
271,732

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 265,279 271,632
SHAREHOLDERS' FUNDS 265,379 271,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 30 March 2016 and were signed on its behalf by:



R B Gilmour - Director


The notes form part of these abbreviated accounts

Page 2
RBG Process Limited (Registered number: SC121286)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have a reasonable expectation that the company has adequate resources to continue in
operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of
accounting in preparing the annual financial statements.

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 and profit on ordinary activities before taxation are attributable to providing engineering services.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in market value is transferred to a revaluation reserve.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Contracts for services
Where the substance of a contract is that the contractual obligations are performed gradually over time,
revenue is recognised as contract activity progresses to reflect the partial performance of our contractual
obligations. The amount of revenue included reflects the accrual of the right to consideration as contract
activity progresses by reference to value of the work performed.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 8,356
DEPRECIATION
At 1 January 2015 7,708
Charge for year 163
At 31 December 2015 7,871
NET BOOK VALUE
At 31 December 2015 485
At 31 December 2014 648

Page 3
RBG Process Limited (Registered number: SC121286)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
Additions 36,518
At 31 December 2015 36,518
NET BOOK VALUE
At 31 December 2015 36,518

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2015
and 31 December 2015 161,986
NET BOOK VALUE
At 31 December 2015 161,986
At 31 December 2014 161,986

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4