R.J. Blundy Limited - Period Ending 2016-04-30

Registration number: 04992442

R.J. Blundy Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

R.J. Blundy Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

R.J. Blundy Limited
(Registration number: 04992442)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					100,401			133,868
Current assets
Debtors					116,120			124,044
Cash at bank and in hand					93,049			59,981
					209,169			184,025
Creditors: Amounts falling due within one year					(154,839)			(116,087)
Net current assets					54,330			67,938
Total assets less current liabilities					154,731			201,806
Creditors: Amounts falling due after more than one year					(21,359)			(44,562)
Provisions for liabilities					(20,080)			(26,774)
Net assets					113,292			130,470
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					113,290			130,468
Shareholders' funds					113,292			130,470

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 19 December 2016 and signed on its behalf by:

.........................................
R J Blundy
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

R.J. Blundy Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect to the provision of plant operating services to customers.

Goodwill

Fixed assets are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Office Equipment	25% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

R.J. Blundy Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		202,865			202,865
At 30 April 2016		202,865			202,865
Depreciation
At 1 May 2015		68,997			68,997
Charge for the year		33,467			33,467
At 30 April 2016		102,464			102,464
Net book value
At 30 April 2016		100,401			100,401
At 30 April 2015		133,868			133,868

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		23,203			23,203
Amounts falling due after more than one year		21,359			44,562
Total secured creditors		44,562			67,765

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

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