Rowles & Levy Contractors Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06186201 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

ROWLES & LEVY CONTRACTORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Rowles

M F Levy

Mrs L Levy

REGISTERED OFFICE:

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

REGISTERED NUMBER:

06186201 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

53,148

69,655

53,148

69,655

CURRENT ASSETS

Debtors

87,555

102,004

Cash at bank

21,711

124,924

109,266

226,928

CREDITORS

Amounts falling due within one year

4

(24,761

)

(45,880

)

NET CURRENT ASSETS

84,505

181,048

TOTAL ASSETS LESS CURRENT
LIABILITIES

137,653

250,703

PROVISIONS FOR LIABILITIES

(7,099

)

(13,931

)

NET ASSETS

130,554

236,772

CAPITAL AND RESERVES

Called up share capital

5

4

Profit and loss account

130,550

236,768

SHAREHOLDERS' FUNDS

130,554

236,772

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

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

The directors acknowledge their 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 Board of Directors on 18th November 2016 and were signed on its behalf
by:

M F Levy - 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

The goodwill acquired in 2007 has now been fully written off.

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

Computer equipment

-

33% on cost

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 1st April 2015

and 31st March 2016

75,000

AMORTISATION

At 1st April 2015

and 31st March 2016

75,000

NET BOOK VALUE

At 31st March 2016

-

At 31st March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

132,385

DEPRECIATION

At 1st April 2015

62,730

Charge for year

16,507

At 31st March 2016

79,237

NET BOOK VALUE

At 31st March 2016

53,148

At 31st March 2015

69,655

4.

CREDITORS

Creditors include an amount of £ 0 (31/3/15 - £ 3,024 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

4

Ordinary

£1

4