R D Developments (Yorkshire) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05826531 (England and Wales)

R D DEVELOPMENTS (YORKSHIRE) LTD

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R A Hardy

Mrs J Hardy

SECRETARY:

Mrs J Hardy

REGISTERED OFFICE:

Henry Morgan House

Industry Road

Carlton

Barnsley

South Yorkshire

S71 3PQ

REGISTERED NUMBER:

05826531 (England and Wales)

ACCOUNTANTS:

Cartwright & Co Ltd

Henry Morgan House

Industry Road

Carlton

Barnsley

South Yorkshire

S71 3PQ

FIXED ASSETS

Tangible assets

2

15,582

18,553

CURRENT ASSETS

Stocks

470,229

420,175

Debtors

9,845

8,758

Cash at bank

3,500

23,193

483,574

452,126

CREDITORS

Amounts falling due within one year

283,983

249,507

NET CURRENT ASSETS

199,591

202,619

TOTAL ASSETS LESS CURRENT
LIABILITIES

215,173

221,172

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

215,171

221,170

SHAREHOLDERS' FUNDS

215,173

221,172

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 January 2017 and were signed on its behalf by:

R A Hardy - Director

Mrs J Hardy - 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

-

25% on reducing balance and 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.

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 June 2015

and 31 May 2016

38,269

DEPRECIATION

At 1 June 2015

19,716

Charge for year

2,971

At 31 May 2016

22,687

NET BOOK VALUE

At 31 May 2016

15,582

At 31 May 2015

18,553

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2