Rand Markings Limited - Abbreviated accounts 16.1

Rand Markings Limited - Abbreviated accounts 16.1

RAND MARKINGS LIMITED - Company Information

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REGISTERED NUMBER: 01020568















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

RAND MARKINGS LIMITED

RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)






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

RAND MARKINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2015







DIRECTORS: S M Smith
Mrs L M Smith





SECRETARY: Mrs L M Smith





REGISTERED OFFICE: 39 Brunel Road
Churchfield Industrial Estate
St.Leonards-on-Sea
East Sussex
TN38 9RT





REGISTERED NUMBER: 01020568





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH
Page 1
RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)

ABBREVIATED BALANCE SHEET
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 137,132 144,043

CURRENT ASSETS
Stocks 4,200 3,100
Debtors 38,327 59,269
Cash at bank and in hand 235,598 178,222
278,125 240,591
CREDITORS
Amounts falling due within one year 50,974 49,353
NET CURRENT ASSETS 227,151 191,238
TOTAL ASSETS LESS CURRENT
LIABILITIES
364,283
335,281

PROVISIONS FOR LIABILITIES 18,417 18,964
NET ASSETS 345,866 316,317

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 345,766 316,217
SHAREHOLDERS' FUNDS 345,866 316,317

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 24 August 2016 and were signed on its behalf by:




S M Smith - Director


The notes form part of these abbreviated accounts

Page 2
RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2015

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

Short leasehold - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 January 2015 386,222
Additions 9,645
At 31 December 2015 395,867
DEPRECIATION
At 1 January 2015 242,179
Charge for year 16,556
At 31 December 2015 258,735
NET BOOK VALUE
At 31 December 2015 137,132
At 31 December 2014 144,043

Page 3 continued...
RAND MARKINGS LIMITED (REGISTERED NUMBER: 01020568)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 December 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
100 Ordinary £1 100 100

Page 4