Rhosybedw Garage Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09600246 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 20 May 2015 to 31 May 2016

for

Rhosybedw Garage Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Williams

REGISTERED OFFICE:

Rhosybedw Garage

Ffaldybrenin

Ffarmers

Llanwrda

SA19 8QF

REGISTERED NUMBER:

09600246 (England and Wales)

ACCOUNTANTS:

Lyn Griffiths Chartered Accountants

The Gables

Llangathen

SA32 8QD

FIXED ASSETS

Tangible assets

2

4,345

CURRENT ASSETS

Stocks

1,320

Debtors

3,785

Cash at bank

10,669

15,774

CREDITORS

Amounts falling due within one year

7,464

NET CURRENT ASSETS

8,310

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,655

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

12,652

SHAREHOLDERS' FUNDS

12,655

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 January 2017 and were signed by:

G Williams - 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 services, 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

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

Total

£

COST

Additions

5,793

At 31 May 2016

5,793

DEPRECIATION

Charge for period

1,448

At 31 May 2016

1,448

NET BOOK VALUE

At 31 May 2016

4,345

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary A

1

Ordinary B

1

Ordinary C

1

3