Richards Construction Services (South East) Limited - Period Ending 2014-06-30

Registration number: 04809862

Richards Construction Services (South East) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Batchelor Coop Ltd Chartered Accountants
The New Barn Mill Lane Eastry Sandwich Kent CT13 0JW

Richards Construction Services (South East) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Richards Construction Services (South East) Limited
for the Year Ended 30 June 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Richards Construction Services (South East) Limited for the year ended 30 June 2014 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Richards Construction Services (South East) Limited, as a body, in accordance with the terms of our engagement letter dated 13 September 2005. Our work has been undertaken solely to prepare for your approval the accounts of Richards Construction Services (South East) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richards Construction Services (South East) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Richards Construction Services (South East) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Richards Construction Services (South East) Limited. You consider that Richards Construction Services (South East) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Richards Construction Services (South East) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Batchelor Coop Ltd
Chartered Accountants
The New Barn
Mill Lane
Eastry
Sandwich
Kent
CT13 0JW

30 September 2014

Page 1

Richards Construction Services (South East) Limited
(Registration number: 04809862)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					512			685
Current assets
Stocks					-			8,280
Debtors					12,801			2,128
Cash at bank and in hand					63,158			54,730
					75,959			65,138
Creditors: Amounts falling due within one year					(20,681)			(23,374)
Net current assets					55,278			41,764
Total assets less current liabilities					55,790			42,449
Provisions for liabilities					(103)			(137)
Net assets					55,687			42,312
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					55,587			42,212
Shareholders' funds					55,687			42,312

For the year ending 30 June 2014 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 director acknowledges his 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 director on 29 September 2014

.........................................
AR Richards
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Richards Construction Services (South East) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised when goods are supplied, irrespective of the date the goods were invoiced.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on written down value

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		3,611			3,611
At 30 June 2014		3,611			3,611
Depreciation
At 1 July 2013		2,926			2,926
Charge for the year		173			173
At 30 June 2014		3,099			3,099
Net book value
At 30 June 2014		512			512
At 30 June 2013		685			685

Page 3

Richards Construction Services (South East) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4