Abbreviated Company Accounts - RICHARD SUSSKIND & CO LIMITED

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Registered Number 02377144

RICHARD SUSSKIND & CO LIMITED

Abbreviated Accounts

31 December 2015

RICHARD SUSSKIND & CO LIMITED Registered Number 02377144

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	15,104	17,840
		15,104	17,840
Current assets
Debtors		83,040	71,616
Cash at bank and in hand		108,126	94,198
		191,166	165,814
Creditors: amounts falling due within one year	3	(157,818)	(237,555)
Net current assets (liabilities)		33,348	(71,741)
Total assets less current liabilities		48,452	(53,901)
Provisions for liabilities		(2,727)	(3,210)
Total net assets (liabilities)		45,725	(57,111)
Capital and reserves
Called up share capital	4	72	72
Share premium account		74,951	74,951
Other reserves		41	41
Profit and loss account		(29,339)	(132,175)
Shareholders' funds		45,725	(57,111)

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 August 2016

And signed on their behalf by:
R Susskind, Director

RICHARD SUSSKIND & CO LIMITED Registered Number 02377144

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of services, excluding value added tax.

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

Plant and machinery etc. - 20% on cost and 10% on cost

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 January 2015	40,708
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	40,708
Depreciation
At 1 January 2015	22,868
Charge for the year	2,736
On disposals	-
At 31 December 2015	25,604
Net book values
At 31 December 2015	15,104
At 31 December 2014	17,840

3Creditors

	2015 £	2014 £
Secured Debts	0	10,530

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
5,100 A Ordinary shares of £0.01 each	51	51
800 B Ordinary shares of £0.01 each	8	8
1,300 C Ordinary shares of £0.01 each	13	13