R.M.P. Products Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02750926 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2016

FOR

R.M.P. PRODUCTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Dyche

M Edwards

R Arnold

SECRETARY:

R Arnold

REGISTERED OFFICE:

Unit 26,

GWS Industrial Estate

Leabrook Road

Wednesbury

West Midlands

WS10 7ND

REGISTERED NUMBER:

02750926 (England and Wales)

ACCOUNTANTS:

Michael Bradford & Co LLP

Accountants

45 Station Road

Hednesford

Staffordshire

WS12 4DH

FIXED ASSETS

Tangible assets

2

573,876

640,196

CURRENT ASSETS

Stocks

527,649

421,865

Debtors

740,169

999,796

Cash at bank

118,696

201,928

1,386,514

1,623,589

CREDITORS

Amounts falling due within one year

1,379,110

1,581,673

NET CURRENT ASSETS

7,404

41,916

TOTAL ASSETS LESS CURRENT
LIABILITIES

581,280

682,112

CREDITORS

Amounts falling due after more than one
year

143,255

238,707

NET ASSETS

438,025

443,405

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

438,022

443,402

SHAREHOLDERS' FUNDS

438,025

443,405

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 20th February 2017 and were signed on its behalf
by:

P J Dyche - Director

M Edwards - 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

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

and 30th September 2016

1,275,703

DEPRECIATION

At 1st October 2015

635,507

Charge for year

66,320

At 30th September 2016

701,827

NET BOOK VALUE

At 30th September 2016

573,876

At 30th September 2015

640,196

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

Ordinary

£1

3