Randleford Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05032626 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2014

for

Randleford Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

24,383

27,070

24,383

27,070

CURRENT ASSETS

Stocks

897

1,200

Debtors

8,410

8,289

Cash at bank and in hand

11

169

9,318

9,658

CREDITORS

Amounts falling due within one year

98,014

76,284

NET CURRENT LIABILITIES

(88,696

)

(66,626

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(64,313

)

(39,556

)

CREDITORS

Amounts falling due after more than one year

2,209

8,085

NET LIABILITIES

(66,522

)

(47,641

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(66,622

)

(47,741

)

SHAREHOLDERS' FUNDS

(66,522

)

(47,641

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 20 October 2014 and were signed on its behalf by:

Ms M Baer - Director

Mr C Ord - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% - 50% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

16,000

AMORTISATION

At 1 February 2013

and 31 January 2014

16,000

NET BOOK VALUE

At 31 January 2014

-

At 31 January 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

53,997

Additions

160

At 31 January 2014

54,157

DEPRECIATION

At 1 February 2013

26,927

Charge for year

2,847

At 31 January 2014

29,774

NET BOOK VALUE

At 31 January 2014

24,383

At 31 January 2013

27,070

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end and included within other creditors is an amount due to the directors, Mr C Ord and Ms M Baer,

amounting to £54,592 (2013: 41,067).

This loan is interest free and repayable on demand.

6.	GOING CONCERN

In determining the appropriate basis of preparation of the financial statements, the directors are required to

consider whether the Company can continue in operational existence for at least the next 12 months.

During the period the company made a net loss of £18,881 and, at the balance sheet date, the company's total

liabilities exceeded its total assets by £66,522.

Having made requisite enquires, the directors are confident that the company has adequate resources to continue

its operations for the foreseeable future. Part of the company's liabilities are monies due to Mr C Ord and Ms M

Baer, shareholders and directors of the company, amounting to £54,592. They have confirmed that they will not

call on these outstanding monies and will continue their support of the business.

Following a detailed and comprehensive review of the business, the Directors have no reason or intention to

liquidate the company or cease its trading activities over the foreseeable future.

In conclusion, and considering the areas described above, the directors are confident that the Company has

adequate resources to continue in operational existence for the foreseeable future. For these reasons, the

directors consider it appropriate they continue to prepare the financial statements on a going concern basis.

These financial statements do not include any adjustments that would result from the going concern basis of

preparation being inappropriate.