Rufus Carr Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00433511 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Rufus Carr Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G M Brennan

P C B Bryan

E R Smith

E M Garnett

SECRETARY:

G M Brennan

REGISTERED OFFICE:

Bawdlands Garage

Clitheroe

Lancashire

BB7 2LA

REGISTERED NUMBER:

00433511 (England and Wales)

ACCOUNTANTS:

Towers & Gornall

Chartered Certified Accountants

Suites 5 & 6, The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

2

528,132

371,658

CURRENT ASSETS

Stocks

669,194

798,385

Debtors

201,015

227,866

Cash in hand

1,492

871,701

1,027,743

CREDITORS

Amounts falling due within one year

3

390,081

618,661

NET CURRENT ASSETS

481,620

409,082

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,009,752

780,740

CREDITORS

Amounts falling due after more than one
year

3

(115,351

)

-

PROVISIONS FOR LIABILITIES

(26,750

)

(22,100

)

NET ASSETS

867,651

758,640

CAPITAL AND RESERVES

Called up share capital

4

3,170

Capital redemption reserve

550

Profit and loss account

863,931

754,920

SHAREHOLDERS' FUNDS

867,651

758,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 25 August 2016 and were signed on its
behalf by:

G M Brennan - Director

P C B Bryan - 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.

Tangible fixed assets

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

Freehold property

-

4% on cost

Long leasehold

-

4% on cost

Plant and machinery

-

30% on cost and 10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

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 applicable to operating leases where substantially all of the benefits and risks of ownership

remain with the lessor are charged to profit and loss account as incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

825,272

Additions

195,233

Disposals

(4,409

)

At 30 November 2015

1,016,096

DEPRECIATION

At 1 December 2014

453,614

Charge for year

38,368

Eliminated on disposal

(4,018

)

At 30 November 2015

487,964

NET BOOK VALUE

At 30 November 2015

528,132

At 30 November 2014

371,658

3.

CREDITORS

Creditors include an amount of £ 187,596 (30.11.14 - £ 204,935 ) for which security has been given.

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

30.11.15

30.11.14

£

Repayable by instalments

56,422

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

3,170

Ordinary

£1

3,170

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2015

and 30 November 2014:

30.11.15

30.11.14

£

G M Brennan

Balance outstanding at start of year

7,500

Amounts repaid

-

Balance outstanding at end of year

7,500

P C B Bryan

Balance outstanding at start of year

7,500

Amounts repaid

-

Balance outstanding at end of year

7,500

The above loans are interest free and have no set repayment date.

6.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.