RANGE STEEL STOCKHOLDERS LIMITED,Ltd - Accounts

RANGE STEEL STOCKHOLDERS LIMITED,Ltd - Accounts

RANGE STEEL STOCKHOLDERS LTD - Company Information

Print Friendly Version

2015-09-01 true false Private Limited Company 01302744 2016-08-31 01302744 2015-09-01 2016-08-31 01302744 2015-08-31 01302744 2014-09-01 2015-08-31 01302744 uk-bus:Director1 2015-09-01 2016-08-31 01302744 uk-gaap:LandBuildings 2015-09-01 2016-08-31 01302744 uk-gaap:PlantMachinery 2015-09-01 2016-08-31 01302744 uk-gaap:ComputerEquipment 2015-09-01 2016-08-31 01302744 uk-gaap:CommercialMotorVehicles 2015-09-01 2016-08-31 01302744 uk-gaap:FixturesFittings 2015-09-01 2016-08-31 01302744 uk-bus:AllOrdinaryShares 2016-08-31 iso4217:GBP
RANGE STEEL STOCKHOLDERS LIMITED
For the year ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 01302744
2
Contents Page
RANGE STEEL STOCKHOLDERS LIMITED
For the year ended 31 August 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
RANGE STEEL STOCKHOLDERS LIMITED
Accountants' Report
For the year ended 31 August 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 August 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to
fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.
R Pyatt FCA
Jaguar House
Cecil Street
Birmingham
B19 3ST
13 October 2016
Dated:
1 of 4
4
Abbreviated Balance Sheet
RANGE STEEL STOCKHOLDERS LIMITED
As at 31 August 2016
01302744
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
21,836
26,025
21,836
26,025
Current assets
Stocks
148,317
114,762
Debtors
177,140
152,246
Cash at bank and in hand
35,309
24,185
302,317
349,642
Creditors: amounts falling due within one year
(136,271)
(92,841)
213,371
209,476
Net current assets
Total assets less current liabilities
231,312
239,396
(3,421)
(4,051)
Provisions for liabilities
227,891
Net assets
235,345
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
227,791
235,245
227,891
235,345
Shareholders funds
For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 13 October 2016
Norman Barnes Director
Signed on behalf of the board of directors
2 of 4
5
Notes to the Abbreviated Financial Statements
RANGE STEEL STOCKHOLDERS LIMITED
For the year ended 31 August 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Pension Costs
The company operates a defined contribution pension scheme for the benefit of its directors and employees.
Contributions payable are charged to the profit and loss account in the period in which they are payable.
Deferred taxation
Deferred taxation is recognised on timing differences between the carrying values of assets and liabilities for accounting purposes and the amounts used for taxation purposes. The amount of deferred tax provided is based on the tax rates that are expected to apply at the balance sheet date. Deferred tax is not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
Period of Lease Straight line
Plant and Machinery
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
25% Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
3 of 4
6
Notes to the Abbreviated Financial Statements
RANGE STEEL STOCKHOLDERS LIMITED
For the year ended 31 August 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
413,482
At 01 September 2015
3,090
Additions
At 31 August 2016
416,572
Depreciation
387,457
At 01 September 2015
7,279
Charge for year
394,736
At 31 August 2016
Net book values
At 31 August 2016
21,836
26,025
At 31 August 2015
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
4 of 4