Rock Associates Limited - Abbreviated accounts 16.1

Rock Associates Limited - Abbreviated accounts 16.1

ROCK ASSOCIATES LIMITED - Company Information

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REGISTERED NUMBER: 06908331 (England and Wales)





















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2016

FOR

ROCK ASSOCIATES LIMITED

ROCK ASSOCIATES LIMITED (REGISTERED NUMBER: 06908331)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MAY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ROCK ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2016







DIRECTOR: J Rock





SECRETARY: Mrs J Rock





REGISTERED OFFICE: Tong Lodge
Church Street
Burbage
Leicester
Leicestershire
LE10 2DA





REGISTERED NUMBER: 06908331 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA
Page 1
ROCK ASSOCIATES LIMITED (REGISTERED NUMBER: 06908331)

ABBREVIATED BALANCE SHEET
31ST MAY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,083 5,973

CURRENT ASSETS
Debtors 177,120 74,675
Cash at bank 275,947 201,378
453,067 276,053
CREDITORS
Amounts falling due within one year 102,923 91,492
NET CURRENT ASSETS 350,144 184,561
TOTAL ASSETS LESS CURRENT
LIABILITIES
353,227
190,534

PROVISIONS FOR LIABILITIES 99,217 59,352
NET ASSETS 254,010 131,182

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 254,009 131,181
SHAREHOLDERS' FUNDS 254,010 131,182

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 16th November 2016 and were signed by:





J Rock - Director


The notes form part of these abbreviated accounts

Page 2
ROCK ASSOCIATES LIMITED (REGISTERED NUMBER: 06908331)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MAY 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities
(effective January 2015).

Accounting convention
The financial statements have been prepared under the historical cost convention and are in accordance with
applicable accounting standards.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are
physically delivered to the customer.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% 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.

Warranty provision
The company recognises that post sales liabilities exist on all sales made. The normal period on such sales is 12
months from the sale to a third party.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st June 2015
and 31st May 2016 17,571
DEPRECIATION
At 1st June 2015 11,598
Charge for year 2,890
At 31st May 2016 14,488
NET BOOK VALUE
At 31st May 2016 3,083
At 31st May 2015 5,973

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

Page 3 continued...
ROCK ASSOCIATES LIMITED (REGISTERED NUMBER: 06908331)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST MAY 2016

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2016 and
31st May 2015:

2016 2015
£    £   
J Rock
Balance outstanding at start of year 64,365 19,427
Amounts advanced 131,399 108,683
Amounts repaid (93,014 ) (63,745 )
Balance outstanding at end of year 102,750 64,365

The overdrawn directors loan account was cleared within nine months of the year end by way of a dividend.

Page 4