Richard Booth Ltd Small abbreviated accounts

FY Private Limited Company Company accounts 2016-11-07 2016-11-07 false true false false false false false false false false false false true true Richard Booth Ltd 08117630 2016-06-30 2015-07-01 true xbrli:pure xbrli:shares iso4217:GBP 08117630 2015-07-01 2016-06-30 08117630 2016-06-30 08117630 2015-06-30 08117630 2015-06-30 08117630 uk-gaap:PlantMachinery 2015-07-01 2016-06-30 08117630 uk-gaap:OfficeEquipment 2015-07-01 2016-06-30 08117630 uk-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 08117630 uk-bus:Director1 2015-07-01 2016-06-30 08117630 uk-gaap:AllSubsidiaries 2015-07-01 2016-06-30 08117630 uk-bus:OrdinaryShareClass1 2016-06-30 08117630 uk-bus:OrdinaryShareClass1 2015-06-30 08117630 uk-lang:English 2015-07-01 2016-06-30 08117630 uk-curr:PoundSterling 2015-07-01 2016-06-30

COMPANY REGISTRATION NUMBER 08117630

RICHARD BOOTH LTD

Unaudited

Abbreviated Accounts

30 June 2016

RICHARD BOOTH LTD

Abbreviated Balance Sheet

30 June 2016

	2016	2015
Note	£	£	£
FIXED ASSETS	2
Tangible assets		6,294	3,588
		-------	-------

CURRENT ASSETS

Stocks	16,985		17,563
Debtors	422		177
Cash at bank and in hand	4,929		15,080
	--------		--------
	22,336		32,820
CREDITORS: Amounts falling due within one year	22,689		26,600
	--------		--------
NET CURRENT (LIABILITIES)/ASSETS		( 353)	6,220
		-------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES		5,941	9,808

PROVISIONS FOR LIABILITIES	1,259	521
	-------	-------
	4,682	9,287
	-------	-------

CAPITAL AND RESERVES

Called up equity share capital	3		1	1
Profit and loss account		4,681	9,286
		-------	-------
SHAREHOLDERS' FUNDS		4,682	9,287
		-------	-------

For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 3 November 2016 .

Mr R S Booth

Company Registration Number: 08117630

RICHARD BOOTH LTD

Notes to the Abbreviated Accounts

Year Ended 30 June 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents the invoice value of goods and services provided during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-Straight line over three years

Equipment-Straight line over three years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 July 2015	5,689
Additions	6,664
	--------
At 30 June 2016	12,353
	--------

DEPRECIATION

At 1 July 2015	2,101
Charge for year	3,958
	-------
At 30 June 2016	6,059
	-------

NET BOOK VALUE

At 30 June 2016	6,294
	-------

At 30 June 2015	3,588
	-------

3. SHARE CAPITAL

Allotted, called up and fully paid:

2016	2015
No	£	No	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----