Rockfords Commercial Contractors Limited - Period Ending 2015-12-31

Registration number: 07093379

Rockfords Commercial Contractors Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Beevers & Co
Chartered Accountants
44 Chatsworth Gardens
Acton
London
W3 9LW

Rockfords Commercial Contractors Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

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 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rockfords Commercial Contractors Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rockfords Commercial Contractors Limited for the year ended 31 December 2015 set out on pages 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Rockfords Commercial Contractors Limited, as a body, in accordance with the terms of our engagement letterdated 2 December 2009. Our work has been undertaken solely to prepare for your approval the accounts of Rockfords Commercial Contractors 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 Rockfords Commercial Contractors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rockfords Commercial Contractors 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 Rockfords Commercial Contractors Limited. You consider that Rockfords Commercial Contractors 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 Rockfords Commercial Contractors 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.

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

Beevers & Co
Chartered Accountants
44 Chatsworth Gardens
Acton
London
W3 9LW

27 September 2016

Page 1

Rockfords Commercial Contractors Limited
(Registration number: 07093379)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2,080			2,313
Current assets
Stocks					17,500			20,000
Debtors					318,578			40,979
Cash at bank and in hand					90,244			50,611
					426,322			111,590
Creditors: Amounts falling due within one year					(359,809)			(94,126)
Net current assets					66,513			17,464
Net assets					68,593			19,777
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					68,591			19,775
Shareholders' funds					68,593			19,777

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 27 September 2016 and signed on its behalf by:

.........................................
Mr J J Guichard
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Rockfords Commercial Contractors Limited
(Registration number: 07093379)
Abbreviated Balance Sheet at 31 December 2015
......... continued

.........................................
Mr P A Phillips
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Rockfords Commercial Contractors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... 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 January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Office equipment	25% straight line method
Plant and machinery	25% straight line method

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Rockfords Commercial Contractors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		7,578			7,578
Additions		1,217			1,217
At 31 December 2015		8,795			8,795
Depreciation
At 1 January 2015		5,265			5,265
Charge for the year		1,450			1,450
At 31 December 2015		6,715			6,715
Net book value
At 31 December 2015		2,080			2,080
At 31 December 2014		2,313			2,313

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 5