RCD Electrical Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07917148 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

RCD ELECTRICAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R L Corbridge

REGISTERED OFFICE:

51 Clarkegrove Road

Sheffield

S10 2NH

REGISTERED NUMBER:

07917148 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

FIXED ASSETS

Intangible assets

2

8,000

9,000

Tangible assets

3

74,564

59,884

82,564

68,884

CURRENT ASSETS

Debtors

100,444

98,316

Cash at bank

32,303

8,979

132,747

107,295

CREDITORS

Amounts falling due within one year

166,717

126,221

NET CURRENT LIABILITIES

(33,970

)

(18,926

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

48,594

49,958

CREDITORS

Amounts falling due after more than one
year

(17,380

)

-

PROVISIONS FOR LIABILITIES

(11,510

)

(5,876

)

NET ASSETS

19,704

44,082

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

19,604

43,982

SHAREHOLDERS' FUNDS

19,704

44,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 October 2016 and were signed by:

R L Corbridge - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

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

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

10,000

AMORTISATION

At 1 February 2015

1,000

Amortisation for year

1,000

At 31 January 2016

2,000

NET BOOK VALUE

At 31 January 2016

8,000

At 31 January 2015

9,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

66,459

Additions

38,475

At 31 January 2016

104,934

DEPRECIATION

At 1 February 2015

6,575

Charge for year

23,795

At 31 January 2016

30,370

NET BOOK VALUE

At 31 January 2016

74,564

At 31 January 2015

59,884

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

100

Ordinary

£1

100