Road Rescue Recovery Association - Abbreviated accounts 16.3

REGISTERED NUMBER: 02151963 (England and Wales)

ROAD RESCUE RECOVERY ASSOCIATION

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

D Bradley

R C Bell

W Jobson

D P Mason

S H Coole

SECRETARY:

R C Bell

REGISTERED OFFICE:

C/O Sams Ltd

Heckington Business Park

Station Road, Heckington

Sleaford

Lincolnshire

NG3X 9JH

REGISTERED NUMBER:

02151963 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Intangible assets

2

1,500

3,000

Tangible assets

3

3,862

4,543

5,362

7,543

CURRENT ASSETS

Stocks

515

505

Debtors

8,610

5,424

Cash at bank and in hand

10,490

3,859

19,615

9,788

CREDITORS

Amounts falling due within one year

9,405

11,738

NET CURRENT ASSETS/(LIABILITIES)

10,210

(1,950

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,572

5,593

RESERVES

Income and expenditure account

15,572

5,593

MEMBERS' FUNDS

15,572

5,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 surplus or deficit 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 9 December 2016 and were signed on its behalf by:

S H Coole - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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

-

15% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

15,000

AMORTISATION

At 1 July 2015

12,000

Amortisation for year

1,500

At 30 June 2016

13,500

NET BOOK VALUE

At 30 June 2016

1,500

At 30 June 2015

3,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

32,150

DEPRECIATION

At 1 July 2015

27,607

Charge for year

681

At 30 June 2016

28,288

NET BOOK VALUE

At 30 June 2016

3,862

At 30 June 2015

4,543