Russen & Turner Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04899005 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

RUSSEN & TURNER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

L J Russen

E C Weightman

M Lock

G M Stovold

SECRETARY:

E C Weightman

REGISTERED OFFICE:

11 King Street

King's Lynn

Norfolk

PE30 1ET

REGISTERED NUMBER:

04899005 (England and Wales)

ACCOUNTANTS:

Kirby and Haslam

Chartered Accountants

11 King Street

King's Lynn

Norfolk

PE30 1ET

FIXED ASSETS

Intangible assets

2

46,040

51,795

Tangible assets

3

27,480

18,796

Investments

4

7,952

81,472

78,543

CURRENT ASSETS

Debtors

83,940

82,506

Cash at bank and in hand

127,221

122,897

211,161

205,403

CREDITORS

Amounts falling due within one year

186,611

192,148

NET CURRENT ASSETS

24,550

13,255

TOTAL ASSETS LESS CURRENT
LIABILITIES

106,022

91,798

PROVISIONS FOR LIABILITIES

4,776

2,902

NET ASSETS

101,246

88,896

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

101,146

88,796

SHAREHOLDERS' FUNDS

101,246

88,896

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 12 October 2016 and were signed on its behalf by:

E C Weightman - 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 sales invoiced in respect of services, net of value added tax.

Goodwill

Goodwill represents the excess of cost of acquisition over the fair value of the separable net assets of businesses

acquired. Goodwill is amortised through the profit and loss account in equal instalments over 20 years which the

directors believe is its useful economic life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

These financial statements have been prepared on the going concern basis. The directors consider this basis to be

appropriate but have not assessed a period in excess of 12 months from the date of approving the accounts.

Fixed asset investments

Fixed asset investments are included in the accounts at cost.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

115,100

AMORTISATION

At 1 July 2015

63,305

Amortisation for year

5,755

At 30 June 2016

69,060

NET BOOK VALUE

At 30 June 2016

46,040

At 30 June 2015

51,795

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

61,703

Additions

14,907

Disposals

(3,274

)

At 30 June 2016

73,336

DEPRECIATION

At 1 July 2015

42,907

Charge for year

6,223

Eliminated on disposal

(3,274

)

At 30 June 2016

45,856

NET BOOK VALUE

At 30 June 2016

27,480

At 30 June 2015

18,796

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

and 30 June 2016

7,952

NET BOOK VALUE

At 30 June 2016

7,952

At 30 June 2015

7,952

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

400

Ordinary

25p

100

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 two 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

financial statements of Russen & Turner Limited for the year ended 30 June 2016 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Russen & Turner Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Russen & Turner Limited and state those matters that we have agreed to state to the Board of Directors of Russen & Turner Limited, 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Russen & Turner Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Russen & Turner Limited. You consider that Russen & Turner 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 financial statements of Russen & Turner 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 financial statements.

Kirby and Haslam

Chartered Accountants

11 King Street

King's Lynn

Norfolk

PE30 1ET

13 October 2016