Reddings Corporate Law Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06910550 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

REDDINGS CORPORATE LAW LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs D E Redding

SECRETARY:

Reddings Company Secretary Limited

REGISTERED OFFICE:

Rainbow House

Oakridge Lane

Sidcot

Winscombe

North Somerset

BS25 1LZ

REGISTERED NUMBER:

06910550 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

2

14,000

21,000

Tangible assets

3

2,244

1,032

16,244

22,032

CURRENT ASSETS

Stocks

450

500

Debtors

20,042

14,012

Cash at bank

800

8,917

21,292

23,429

CREDITORS

Amounts falling due within one year

36,800

27,015

NET CURRENT LIABILITIES

(15,508

)

(3,586

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

736

18,446

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

735

18,445

SHAREHOLDERS' FUNDS

736

18,446

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 14 December 2016 and were signed by:

Mrs D E Redding - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being

amortised evenly, to be fully written off by 30 September 2018.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

50,000

AMORTISATION

At 1 October 2015

29,000

Amortisation for year

7,000

At 30 September 2016

36,000

NET BOOK VALUE

At 30 September 2016

14,000

At 30 September 2015

21,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

15,997

Additions

1,987

At 30 September 2016

17,984

DEPRECIATION

At 1 October 2015

14,965

Charge for year

775

At 30 September 2016

15,740

NET BOOK VALUE

At 30 September 2016

2,244

At 30 September 2015

1,032

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

1

Ordinary

£1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year Mrs D E Redding, a director of the company, received net dividends of

£78,000 (2015: £27,000) and a use of home allowance of £208 (2015: £208).

At the year end the director owed the company £4,435 (2015 the company owed the director

£7,768)