Railton Ward (Shoes) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04587530 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Railton Ward (Shoes) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P B Woolley

SECRETARY:

Mrs E L Woolley

REGISTERED OFFICE:

1-4 Nepcote Parade

Nepcote Lane

Findon

West Sussex

BN14 0SE

REGISTERED NUMBER:

04587530 (England and Wales)

ACCOUNTANTS:

Antrams SBU

44-46 Old Steine

Brighton

East Sussex

BN1 1NH

FIXED ASSETS

Tangible assets

2

4,476

4,534

CURRENT ASSETS

Stocks

90,000

114,626

Debtors

1,729

2,233

Cash at bank and in hand

3,358

2,003

95,087

118,862

CREDITORS

Amounts falling due within one year

56,857

62,438

NET CURRENT ASSETS

38,230

56,424

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,706

60,958

CREDITORS

Amounts falling due after more than one
year

15,507

24,674

NET ASSETS

27,199

36,284

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

27,099

36,184

SHAREHOLDERS' FUNDS

27,199

36,284

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 31 October 2016 and were signed by:

P B Woolley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The director considers it appropriate to prepare the financial statements on a going concern basis.

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.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on 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, as valued by the director.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

9,996

DEPRECIATION

At 1 February 2015

5,462

Charge for year

58

At 31 January 2016

5,520

NET BOOK VALUE

At 31 January 2016

4,476

At 31 January 2015

4,534

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

100

Ordinary

£1

100