RWMC Installations Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07508068 (England and Wales)

RWMC INSTALLATIONS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr R Williams

REGISTERED OFFICE:

Old Hall Farm

Derby Road

Swarkestone

Derby

DE73 7JB

REGISTERED NUMBER:

07508068 (England and Wales)

ACCOUNTANTS:

The TAX Partnership

2 Cheapside

Derby

Derbyshire

DE1 1BR

FIXED ASSETS

Tangible assets

2

16,197

11,540

CURRENT ASSETS

Stocks

14,399

20,816

Debtors

3

125,316

113,369

Cash at bank

5,280

5,903

144,995

140,088

CREDITORS

Amounts falling due within one year

159,459

135,216

NET CURRENT (LIABILITIES)/ASSETS

(14,464

)

4,872

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,733

16,412

CREDITORS

Amounts falling due after more than one
year

-

(3

)

PROVISIONS FOR LIABILITIES

(1,693

)

(422

)

NET ASSETS

40

15,987

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

38

15,985

SHAREHOLDERS' FUNDS

40

15,987

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 30 December 2016 and were signed by:

Mr R Williams - 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2015

17,890

Additions

6,937

At 31 March 2016

24,827

Depreciation

At 1 April 2015

6,350

Charge for year

2,280

At 31 March 2016

8,630

Net book value

At 31 March 2016

16,197

At 31 March 2015

11,540

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (31.3.15 - £ 15,000 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

1

2