Rubex UK Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07136505 (England and Wales)

Abbreviated Accounts for the Year Ended 31 January 2016

for

Rubex UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Latif

REGISTERED OFFICE:

3-4 Western Road

Hove

East Sussex

BN3 1AE

REGISTERED NUMBER:

07136505 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

2

16,595

12,876

CURRENT ASSETS

Stocks

38,571

33,781

Debtors

18,699

24,770

Cash at bank and in hand

60,581

24,145

117,851

82,696

CREDITORS

Amounts falling due within one year

49,627

21,025

NET CURRENT ASSETS

68,224

61,671

TOTAL ASSETS LESS CURRENT
LIABILITIES

84,819

74,547

PROVISIONS FOR LIABILITIES

3,319

-

NET ASSETS

81,500

74,547

CAPITAL AND RESERVES

Called up share capital

3

102

Profit and loss account

81,398

74,445

SHAREHOLDERS' FUNDS

81,500

74,547

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:

R Latif - 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

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

24,087

Additions

9,250

At 31 January 2016

33,337

DEPRECIATION

At 1 February 2015

11,211

Charge for year

5,531

At 31 January 2016

16,742

NET BOOK VALUE

At 31 January 2016

16,595

At 31 January 2015

12,876

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

100

Ordinary

£1

100

1

Ordinary A

£1

1

Ordinary B

£1

1

102