Glen C Rodger Limited - Abbreviated accounts

GLEN C RODGER LIMITED - Company Information

Registered number

04674270

Glen C Rodger Limited

Abbreviated Accounts

29 February 2016

Glen C Rodger Limited
Registered number:		04674270
Abbreviated Balance Sheet
as at 29 February 2016

Notes			2016			2015
£				£
Fixed assets
Intangible assets	2		350,000			350,000
Tangible assets	3		715			795
			350,715			350,795

Current assets
Debtors		63,544			68,231
Cash at bank and in hand		17,078			16,342
		80,622			84,573

Creditors: amounts falling due within one year		(83,285)			(74,786)

Net current (liabilities)/assets			(2,663)			9,787

Net assets			348,052			360,582

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			347,952			360,482

Shareholders' funds			348,052			360,582

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



R A Purvis
Director
Approved by the board on 19 July 2016

Glen C Rodger Limited
Notes to the Abbreviated Accounts
for the year ended 29 February 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			10% reducing balance

	Goodwill
	Goodwill is determined by comparing the amount paid on the acquisition of the business and the aggregate fair value of its separate net assets. The directors consider that the goodwill residual value is at least equal to book value. As a result, the corresponding amortisation charge would not be material and is therefore not charged in the profit and loss account. The directors perform annual impairment reviews in accordance with the requirements of FRS 10 and FRS 11 to ensure that the carrying value is not greater than the recoverable amount.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Intangible fixed assets					£

	Cost
	At 1 March 2015					350,000
	At 29 February 2016					350,000

	Amortisation
	At 29 February 2016					-

	Net book value
	At 29 February 2016					350,000
	At 28 February 2015					350,000


3	Tangible fixed assets					£

	Cost
	At 1 March 2015					2,813
	At 29 February 2016					2,813

	Depreciation
	At 1 March 2015					2,018
	Charge for the year					80
	At 29 February 2016					2,098

	Net book value
	At 29 February 2016					715
	At 28 February 2015					795


4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	A Ordinary shares	£1 each		50		50		50
	B Ordinary shares	£1 each		50		50		50
						100		100