Ryedale Interiors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03513045 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2016

for

Ryedale Interiors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

R S Hannon

SECRETARY:

REGISTERED OFFICE:

Pinewood House

Westland Road

Leeds

West Yorkshire

LS11 5XA

REGISTERED NUMBER:

03513045 (England and Wales)

ACCOUNTANTS:

Accountants for Small Business Ltd

48 Kirkfield Lane

Thorner

Leeds

West Yorkshire

LS14 3EP

FIXED ASSETS

Tangible assets

2

2,274

2,514

CURRENT ASSETS

Stocks

48,280

112,097

Debtors

40,051

51,819

Cash at bank and in hand

28,230

56,818

116,561

220,734

CREDITORS

Amounts falling due within one year

56,767

118,637

NET CURRENT ASSETS

59,794

102,097

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,068

104,611

CREDITORS

Amounts falling due after more than one
year

3

(26,912

)

(64,099

)

PROVISIONS FOR LIABILITIES

(408

)

(444

)

NET ASSETS

34,748

40,068

CAPITAL AND RESERVES

Called up share capital

4

50,000

Profit and loss account

(15,252

)

(9,932

)

SHAREHOLDERS' FUNDS

34,748

40,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26th July 2016 and were signed by:

R S Hannon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Work in progress is valued in accordance with the rules as laid out in FRS102 Section 23 P17-27.

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.

Pensions

The company pays contributions directly to Directors Personal Pension Plans.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

18,116

Additions

1,392

At 31st March 2016

19,508

DEPRECIATION

At 1st April 2015

15,602

Charge for year

1,632

At 31st March 2016

17,234

NET BOOK VALUE

At 31st March 2016

2,274

At 31st March 2015

2,514

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

Repayable otherwise than by instalments

26,912

64,099

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

25,000

Ordinary

£1

25,000

Ordinary "A"

£1

25,000

50,000

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2016 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accountants for Small Business Ltd

48 Kirkfield Lane

Thorner

Leeds

West Yorkshire

LS14 3EP

Date: .............................................