R S Ceiling Contractors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02451037 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

R S Ceiling Contractors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R B Wookey

SECRETARY:

Mrs E L Wookey

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

02451037 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

2

12,520

3,252

CURRENT ASSETS

Stocks

52

60

Debtors

17,089

24,337

Cash at bank

63,669

74,020

80,810

98,417

CREDITORS

Amounts falling due within one year

3

32,755

48,386

NET CURRENT ASSETS

48,055

50,031

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,575

53,283

CREDITORS

Amounts falling due after more than one
year

3

5,560

-

NET ASSETS

55,015

53,283

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

54,915

53,183

SHAREHOLDERS' FUNDS

55,015

53,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 18 October 2016 and were signed by:

R B Wookey - 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, excluding value added tax. In the case of work in progress it

includes relevant costs and overheads plus attributable profit to date.

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.

Computer equipment

-

33% on reducing balance

Equipment

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Cost represents all direct expenditure.

Amounts recoverable on contracts are valued at anticipated net sales value of work done after

provision for contingencies and anticipated future losses on contracts.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

22,222

Additions

14,645

Disposals

(11,250

)

At 30 April 2016

25,617

DEPRECIATION

At 1 May 2015

18,970

Charge for year

3,018

Eliminated on disposal

(8,891

)

At 30 April 2016

13,097

NET BOOK VALUE

At 30 April 2016

12,520

At 30 April 2015

3,252

3.

CREDITORS

Creditors include an amount of £ 8,000 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100