Rayner and Eve Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00927577 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

RAYNER AND EVE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Eve

M A Rayner

REGISTERED OFFICE:

75 Park Lane

Croydon

Surrey

CR9 1XS

REGISTERED NUMBER:

00927577 (England and Wales)

ACCOUNTANTS:

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

accounts of Rayner and Eve Limited for the year ended 30th April 2015 which comprise the Profit and Loss Account,

the Balance Sheet and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising 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 www.icaew.com/membershandbook.

This report is made solely to the Board of Directors of Rayner and Eve Limited, as a body, in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the accounts of Rayner and Eve

Limited and state those matters that we have agreed to state to them in accordance with AAF 2/10 as detailed at

www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than Rayner and Eve Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rayner and Eve 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/loss of Rayner and Eve

Limited. You consider that Rayner and Eve 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 Rayner and Eve 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.

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

27 September 2016

FIXED ASSETS

Tangible assets

2

18,514

23,418

CURRENT ASSETS

Stocks

6,591

16,247

Debtors

167,714

159,743

Cash at bank

1,273

1,148

175,578

177,138

CREDITORS

Amounts falling due within one year

193,777

199,738

NET CURRENT LIABILITIES

(18,199

)

(22,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

315

818

CAPITAL AND RESERVES

Called up share capital

3

75

75

Capital redemption reserve

30

30

Profit and loss account

210

713

SHAREHOLDERS' FUNDS

315

818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 26 September 2016 and were signed on its behalf by:

R Eve - 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 January 2015).

Turnover

Turnover represents the amounts derived from the provision of goods and services to customers during the year.

Depreciation

Depreciation is provided on all tangible fixed asses at rates calculated to write off the cost of each asset over its

expected useful life or, if held under a finance lease, over the lease term, whichever is the shorter as follows:

Plant, machinery and equipment

-20% reducing balance

Motor vehicles

-25% reducing balance

Computer equipment

-20% reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is provided using the liability method in respect of all material timing differences that have

originated but not reversed by the balance sheet date. Deferred tax assets are recognised where it is considered

more likely than not that future profits will be available for offset. The company has not adopted a policy of

discounting deferred tax assets and liabilities.

Cash flow statement

The directors have taken advantage of the exemption for small companies under FRSSE. Consequently no cash

flow statement has been prepared.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

All other leases are accounted for as operating leases and the rental charges are charged to the profit and loss

account on a straight line basis over the life of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

268,441

DEPRECIATION

At 1 May 2015

245,023

Charge for year

4,904

At 30 April 2016

249,927

NET BOOK VALUE

At 30 April 2016

18,514

At 30 April 2015

23,418

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

60

"A" Ordinary

£1

60

60

15

"B" Ordinary

£1

15

15

75

75

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2016 and

30 April 2015:

2016

2015

£

£

R Eve

Balance outstanding at start of year

85,859

58,547

Amounts advanced

84,990

97,934

Amounts repaid

(88,872

)

(70,622

)

Balance outstanding at end of year

81,977

85,859

M A Rayner

Balance outstanding at start of year

(17,999

)

2,451

Amounts advanced

17,999

-

Amounts repaid

-

(20,450

)

Balance outstanding at end of year

-

(17,999

)