RfM Fylde Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09532900 (England and Wales)

RfM Fylde Limited

Abbreviated Unaudited Accounts

for the Period 9 April 2015 to 30 June 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

Mr A J Meikle

Mrs G Isibor

Registered office:

Summerdale

Head Dyke Lane

Pilling

Preston

PR3 6SJ

Registered number:

09532900 (England and Wales)

Accountants:

RfM Fylde Limited

Summerdale

Head Dyke Lane

Pilling

Preston

Lancashire

PR3 6SJ

Fixed assets

Intangible assets

2

224,967

Tangible assets

3

15,891

240,858

Current assets

Stocks

93,550

Debtors

115,063

Cash at bank and in hand

105,821

314,434

Creditors

Amounts falling due within one year

4

186,420

Net current assets

128,014

Total assets less current liabilities

368,872

Creditors

Amounts falling due after more than one year

4

(349,524

)

Provisions for liabilities

(2,510

)

Net assets

16,838

Capital and reserves

Called up share capital

5

100

Profit and loss account

16,738

Shareholders' funds

16,838

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 8 December 2016 and were signed on its behalf by:

Mr A J Meikle - 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

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	Intangible fixed assets

Total

£

Cost

Additions

247,670

At 30 June 2016

247,670

Amortisation

Amortisation for period

22,703

At 30 June 2016

22,703

Net book value

At 30 June 2016

224,967

3.	Tangible fixed assets

Total

£

Cost

Additions

19,163

At 30 June 2016

19,163

Depreciation

Charge for period

3,272

At 30 June 2016

3,272

Net book value

At 30 June 2016

15,891

4.

Creditors

Creditors include an amount of £ 397,505 for which security has been given.

They also include the following debts falling due in more than five years:

£

Repayable by instalments

153,960

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

6.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 30 June 2016:

£

Mr A J Meikle

Balance outstanding at start of period

-

Amounts advanced

(54,160

)

Amounts repaid

6,896

Balance outstanding at end of period

(47,264

)