Russell Signs Limited - Abbreviated accounts 16.1
Russell Signs Limited - Abbreviated accounts 16.1
| Interim management accounts |
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 October 2015 |
| for |
| Russell Signs Limited |
| Russell Signs Limited (Registered number: 01854567) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| Interim management accounts |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Russell Signs Limited |
| Company Information |
| for the Year Ended 31 October 2015 |
| Interim management accounts |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Russell Signs Limited (Registered number: 01854567) |
| Abbreviated Balance Sheet |
| 31 October 2015 |
| 31.10.15 | 31.10.14 |
| Notes | £ | £ | £ | £ |
| Interim management accounts |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| Russell Signs Limited (Registered number: 01854567) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| Interim management accounts |
| 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. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
| date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
| transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
| lease. |
| 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. |
| Russell Signs Limited (Registered number: 01854567) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2015 |
| Interim management accounts |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2015 |
| DEPRECIATION |
| At 1 November 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 November 2014 |
| and 31 October 2015 | 24,864 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Country of incorporation: USA |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1 | 1 |
| Profit for the year | 1 | 1 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.15 | 31.10.14 |
| value: | £ | £ |
| Ordinary | £1 |
| 'A' Ordinary non voting | £1 |
| 350 | 350 |
| Russell Signs Limited (Registered number: 01854567) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2015 |
| Interim management accounts |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 October 2015 and 31 October 2014: |
| 31.10.15 | 31.10.14 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| During the year, the company paid |