| RACHAEL STILWELL & CO LTD |
Registered number |
|
|
|
|
|
|
|
09027939 |
| Abbreviated Balance Sheet |
| as at 31 May 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
7,553 |
|
|
450 |
|
| Current assets |
| Debtors |
|
|
3,555 |
|
|
14,625 |
| Cash at bank and in hand |
|
|
1,247 |
|
|
18,192 |
|
|
|
4,802 |
|
|
32,817 |
|
| Creditors: amounts falling due within one year |
|
|
(11,132) |
|
|
(26,509) |
|
| Net current (liabilities)/assets |
|
|
|
(6,330) |
|
|
6,308 |
|
| Net assets |
|
|
|
1,223 |
|
|
6,758 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
1,222 |
|
|
6,757 |
|
| Shareholder's funds |
|
|
|
1,223 |
|
|
6,758 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
| Approved by the board on 27 February 2017 |
|
|
|
|
| Mrs R Lewis |
| Director |
|
| RACHAEL STILWELL & CO LTD |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% on reducing balance |
|
|
The company has adopted the policy to not depreciate in the year of acquisition but full disposal will be made in the year of disposal. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes, provided the amount is material in the context of the Financial Statement as a whole. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2015 |
600 |
|
Additions |
7,216 |
|
At 31 May 2016 |
7,816 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2015 |
150 |
|
Charge for the year |
113 |
|
At 31 May 2016 |
263 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
7,553 |
|
At 31 May 2015 |
450 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
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|
