Rund Partnership Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03484620 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Rund Partnership Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Rund

R D Mussell

P A Belfield

P G Deakin

REGISTERED OFFICE:

16 East Links

Tollgate

Chandlers Ford

Eastleigh

Hampshire

SO53 3TG

REGISTERED NUMBER:

03484620 (England and Wales)

ACCOUNTANTS:

Roches Chartered Accountants

1 Manor Court

Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Tangible assets

2

67,174

70,568

CURRENT ASSETS

Stocks

35,806

15,829

Debtors

245,725

182,417

Cash at bank and in hand

71,715

116,801

353,246

315,047

CREDITORS

Amounts falling due within one year

278,374

258,409

NET CURRENT ASSETS

74,872

56,638

TOTAL ASSETS LESS CURRENT LIABILITIES

142,046

127,206

PROVISIONS FOR LIABILITIES

11,517

11,775

NET ASSETS

130,529

115,431

CAPITAL AND RESERVES

Called up share capital

3

2,005

2,004

Share premium

19,999

-

Profit and loss account

108,525

113,427

SHAREHOLDERS' FUNDS

130,529

115,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 20 August 2014 and were signed on its behalf by:

M Rund - Director

R D Mussell - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Fixtures and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

151,704

Additions

18,607

Disposals

(41,280

)

At 31 March 2014

129,031

DEPRECIATION

At 1 April 2013

81,136

Charge for year

15,642

Eliminated on disposal

(34,921

)

At 31 March 2014

61,857

NET BOOK VALUE

At 31 March 2014

67,174

At 31 March 2013

70,568

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2,000

Ordinary

£1

2,000

2,000

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

-

(31.3.13 - NIL)

2,005

2,004

Allotted and issued:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

Share capital 6

£1

1

-

(31.3.13 - NIL)

The following shares were issued during the year:

1 Ordinary E share of £1 for cash of £20000