Regency Building Surveyors Limited - Period Ending 2016-03-31

Registration number: 05420120

Regency Building Surveyors Limited
 
 Unaudited Abbreviated Accounts
 
 for the Year Ended 31 March 2016
 

Regency Building Surveyors Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Regency Building Surveyors Limited (Registration number: 05420120 )
  Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					421			793
Current assets
Debtors					2,097			-
Cash at bank and in hand					26,842			30,963
					28,939			30,963
Creditors: Amounts falling due within one year					(19,425)			(19,407)
Net current assets					9,514			11,556
Net assets					9,935			12,349
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					9,934			12,348
Shareholders' funds					9,935			12,349

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The notes on pages 3 to 4 form an integral part of these financial statements. ________________________________________________________________________________________ 1

Regency Building Surveyors Limited (Registration number: 05420120 )
  Abbreviated Balance Sheet at 31 March 2016 (continued)

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

Approved by the director on 8 November 2016

.........................................
Mr. A. Derrick
Director

The notes on pages 3 to 4 form an integral part of these financial statements. ________________________________________________________________________________________ 2

Regency Building Surveyors Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016 (continued)

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% of cost

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33.3% of cost
Equipment	25% of netbook value

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Regency Building Surveyors Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016 (continued)

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2015		10,000			2,486			12,486
At 31 March 2016		10,000			2,486			12,486
Depreciation
At 1 April 2015		10,000			1,693			11,693
Charge for the year		-			372			372
At 31 March 2016		10,000			2,065			12,065
Net book value
At 31 March 2016		-			421			421
At 31 March 2015		-			793			793

3	Share capital

Allotted, called up and fully paid shares

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

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