Abbreviated Company Accounts - RJG TRADING LIMITED

Abbreviated Company Accounts - RJG TRADING LIMITED


Registered Number 07426797

RJG TRADING LIMITED

Abbreviated Accounts

31 October 2013

RJG TRADING LIMITED Registered Number 07426797

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 1,275 325
1,275 325
Current assets
Stocks 187,702 67,315
Cash at bank and in hand 81,288 89,947
268,990 157,262
Creditors: amounts falling due within one year (74,245) (49,002)
Net current assets (liabilities) 194,745 108,260
Total assets less current liabilities 196,020 108,585
Provisions for liabilities (265) (65)
Total net assets (liabilities) 195,755 108,520
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 195,655 108,420
Shareholders' funds 195,755 108,520
  • For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 July 2014

And signed on their behalf by:
Mr R Gaskin, Director

RJG TRADING LIMITED Registered Number 07426797

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 25% straight line

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets
£
Cost
At 1 November 2012 509
Additions 1,250
Disposals -
Revaluations -
Transfers -
At 31 October 2013 1,759
Depreciation
At 1 November 2012 184
Charge for the year 300
On disposals -
At 31 October 2013 484
Net book values
At 31 October 2013 1,275
At 31 October 2012 325
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
50 A Ordinary shares of £1 each 50 50
50 B Ordinary shares of £1 each 50 50