ROCHELLE_NORTHERN_LIMITED - Accounts

ROCHELLE NORTHERN LIMITED - Company Information

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Company Registration No. 06726480 (England and Wales)

ROCHELLE NORTHERN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

ROCHELLE NORTHERN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ROCHELLE NORTHERN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

11,500

Tangible assets

2,595

7,420

2,595

18,920

Current assets

Stocks

54,460

61,848

Debtors

199,869

20,053

Cash at bank and in hand

259,983

514,312

81,911

Creditors: amounts falling due within one year

(551,775)

(244,122)

Net current liabilities

(37,463)

(162,211)

Total assets less current liabilities

(34,868)

(143,291)

Provisions for liabilities

(519)

(1,484)

(35,387)

(144,775)

Capital and reserves

Called up share capital

100

Profit and loss account

(35,487)

(144,875)

Shareholders' funds

(35,387)

(144,775)

ROCHELLE NORTHERN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 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 26 September 2016

M F Hussein

Director

Company Registration No. 06726480

ROCHELLE NORTHERN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

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).

The financial statements have been prepared on a going concern basis due to the continued support of a related party which will not seek repayment of an inter company loan within the next twelve months.

1.2

Turnover

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

1.3

Goodwill

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

1.4

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:

Office equipment

20% straight line method

Motor vehicles

25% straight line method

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised for tax purposes.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

ROCHELLE NORTHERN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2015 & at 31 December 2015

30,000

22,598

52,598

Depreciation

At 1 January 2015

18,500

15,178

33,678

Charge for the year

11,500

4,825

16,325

At 31 December 2015

30,000

20,003

50,003

Net book value

At 31 December 2015

2,595

At 31 December 2014

11,500

7,420

18,920

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £7,406).

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinay shares of 10p each

100