REGENT_SPECIALIST_ROOFING - Accounts

REGENT SPECIALIST ROOFING LTD - Company Information

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Company Registration No. 07517564 (England and Wales)

REGENT SPECIALIST ROOFING LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

REGENT SPECIALIST ROOFING LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

REGENT SPECIALIST ROOFING LTD

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

25,000

Tangible assets

2,101

2,626

2,101

27,626

Current assets

Debtors

14,082

9,500

Cash at bank and in hand

36,452

14,082

45,952

Creditors: amounts falling due within one year

(97,060)

(88,101)

Net current liabilities

(82,978)

(42,149)

Total assets less current liabilities

(80,877)

(14,523)

Capital and reserves

Called up share capital

100

Profit and loss account

(80,977)

(14,623)

Shareholders' funds

(80,877)

(14,523)

For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 September 2016

Mr D Bowyer

Director

Company Registration No. 07517564

REGENT SPECIALIST ROOFING LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

Motor vehicles

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 March 2015 & at 28 February 2016

100,000

5,050

105,050

Depreciation

At 1 March 2015

75,000

2,424

77,424

Charge for the year

25,000

525

25,525

At 28 February 2016

100,000

2,949

102,949

Net book value

At 28 February 2016

2,101

At 28 February 2015

25,000

2,626

27,626

Share capital

2016

2015

Allotted, called up and fully paid

100 of £1 each

100