Rod Natkiel Associates Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 03940804 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

ROD NATKIEL ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R V Natkiel

Mrs J R Natkiel

SECRETARY:

Mrs J R Natkiel

REGISTERED OFFICE:

Kingsnorth House

Blenheim Way

Birmingham

West Midlands

B44 8LS

REGISTERED NUMBER:

03940804 (England and Wales)

ACCOUNTANTS:

Malcolm Piper & Co Limited

Kingsnorth House

Blenheim Way

Birmingham

West Midlands

B44 8LS

FIXED ASSETS

Tangible assets

2

10,707

10,641

CURRENT ASSETS

Stocks

318

329

Debtors

3

26,819

23,408

Cash at bank and in hand

705

105

27,842

23,842

CREDITORS

Amounts falling due within one year

4

36,826

31,960

NET CURRENT LIABILITIES

(8,984

)

(8,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,723

2,523

PROVISIONS FOR LIABILITIES

7

1,562

1,421

NET ASSETS

161

1,102

CAPITAL AND RESERVES

Called up share capital

8

100

100

Profit and loss account

9

61

1,002

SHAREHOLDERS' FUNDS

161

1,102

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 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 December 2016 and were signed on its behalf by:

Mrs J R Natkiel - Director

Mr R V Natkiel - 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 amounts chargeable to clients for services provided during the year, excluding value added

tax. Turnover is recognised when a right to consideration has been obtained through performance under each

contract. Consideration is accrued for as contract activity progresses by reference to the value of the work

performed.

Unbilled revenue is included in debtors as ' amounts recoverable on contracts'.

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

-

15% on reducing balance

Equipment

-

20% on reducing balance

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.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Equipment

Totals

£

£

£

£

COST

At 1 April 2015

285

13,188

55,582

69,055

Additions

120

-

2,465

2,585

At 31 March 2016

405

13,188

58,047

71,640

DEPRECIATION

At 1 April 2015

29

11,352

47,033

58,414

Charge for year

39

276

2,204

2,519

At 31 March 2016

68

11,628

49,237

60,933

NET BOOK VALUE

At 31 March 2016

337

1,560

8,810

10,707

At 31 March 2015

256

1,836

8,549

10,641

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

14,023

6,635

Amounts recoverable on contract

6,576

4,072

Other debtors

6,220

12,701

26,819

23,408

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

21,783

6,323

Trade creditors

1,849

564

Taxation and social security

10,694

22,848

Other creditors

2,500

2,225

36,826

31,960

5.

LOANS

An analysis of the maturity of loans is given below:

2016

2015

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

21,783

6,323

6.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank overdrafts

21,783

6,323

The bank borrowing is secured by means of a personal guarantee given by the directors.

7.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

Accelerated capital allowances

1,562

1,421

Deferred

tax

£

Balance at 1 April 2015

1,421

Provided during year

141

Balance at 31 March 2016

1,562

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Profit

and loss

account

£

At 1 April 2015

1,002

Profit for the year

11,059

Dividends

(12,000

)

At 31 March 2016

61

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company provided credit facilities to directors, advancing them amounts totalling £25,455 and receiving

repayments totalling £31.936 during the year, leaving £3,690 (2015 - £10,171) due from directors at the year

end. The loan is unsecured, interest-free, and carries no stipulation as to terms of repayment.

11.	RELATED PARTY DISCLOSURES

Mr R V & Mrs J R Natkiel

The directors of the company.

These related parties are the directors referred to in Note 11 above.

The company paid dividends to these related parties totalling £12,000 for the year.

12.	CONTROL OF COMPANY

The company was under the joint control of its directors throughout both the current year and the previous year.