R & A Moderski Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08000462

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

R & A MODERSKI LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

Directors:

R Moderski

Mrs A L Moderski

Registered office:

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

Registered number:

08000462

Accountants:

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of R & A Moderski Limited for the year ended 31 March 2016 which comprise the Profit and

Loss Account, the Balance Sheet, the Cash Flow Statement, the Statement of Total Recognised Gains and Losses and

the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R & A Moderski Limited, as a body, in accordance with the terms of our engagement letter dated 10 December 2012. Our work has been undertaken solely to prepare for your approval the financial statements of R & A Moderski Limited and state those matters that we have agreed to state to the Board of Directors of R & A Moderski Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R & A Moderski Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R & A Moderski Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R & A Moderski Limited. You consider that R & A Moderski Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R & A Moderski Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

18 January 2017

Fixed assets

Tangible assets

2

750,228

605,050

Current assets

Stocks

25,000

25,000

Debtors

144,770

131,530

Cash at bank

-

3,532

169,770

160,062

Creditors

Amounts falling due within one year

373,244

253,031

Net current liabilities

(203,474

)

(92,969

)

Total assets less current liabilities

546,754

512,081

Creditors

Amounts falling due after more than one year

(105,868

)

(100,262

)

Provisions for liabilities

(119,846

)

(102,741

)

Net assets

321,040

309,078

Capital and reserves

Called up share capital

3

2

2

Profit and loss account

321,038

309,076

Shareholders' funds

321,040

309,078

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 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 Board of Directors on 18 January 2017 and were signed on its behalf by:

R Moderski - 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 etc

-

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.

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

859,628

Additions

418,490

Disposals

(162,373

)

At 31 March 2016

1,115,745

Depreciation

At 1 April 2015

254,578

Charge for year

162,980

Eliminated on disposal

(52,041

)

At 31 March 2016

365,517

Net book value

At 31 March 2016

750,228

At 31 March 2015

605,050

3.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

as restated

£

£

2

Ordinary

£1

2

2