Rotorsure Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01772895

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

ROTORSURE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs J S Walker

M J Gamble

Mrs S J Chatterjee

SECRETARY:

Mrs J S Walker

REGISTERED OFFICE:

Riverside Works

Neepsend Lane

Sheffield

South Yorkshire

S3 8AU

REGISTERED NUMBER:

01772895

ACCOUNTANTS:

Hodgson & Oldfield

20 Paradise Square

Sheffield

S1 1UA

FIXED ASSETS

Tangible assets

2

407,523

407,719

CURRENT ASSETS

Debtors

47,788

7,288

Cash at bank and in hand

6,291

15,615

54,079

22,903

CREDITORS

Amounts falling due within one year

21,584

15,042

NET CURRENT ASSETS

32,495

7,861

TOTAL ASSETS LESS CURRENT
LIABILITIES

440,018

415,580

CREDITORS

Amounts falling due after more than one
year

3

91,432

85,796

NET ASSETS

348,586

329,784

CAPITAL AND RESERVES

Called up share capital

4

2

Revaluation reserve

119,035

Profit and loss account

229,549

210,747

SHAREHOLDERS' FUNDS

348,586

329,784

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 29 March 2017 and were signed on its
behalf by:

M J Gamble - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets 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.

Land and buildings

-

not provided (see policy note below)

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date where transactions or events that result in an obligation to pay more tax in the

future or a right to pay less tax in the future have occurred at the balance sheet date. Timing

differences are differences between the company's taxable profit or loss and its results as stated in the

financial statements that arise from the inclusion of gains and losses in assessments in periods

different from those in which they are recognised in the financial statements.

Freehold investment properties

In accordance with The Financial Reporting Standard for Smaller Entities (effective April 2008),

investment properties are revalued annually and the aggregate surplus or deficit is transferred to a

revaluation reserve, and no depreciation is provided in respect of freehold investment properties.The

directors consider that this accounting policy results in the accounts giving a true and fair view.

Depreciation is only one of many factors reflected in the annual valuation and the amount which

might otherwise have been shown cannot be separately identified or quantified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 July 2015

and 30 June 2016

421,943

DEPRECIATION

At 1 July 2015

14,224

Charge for year

196

At 30 June 2016

14,420

NET BOOK VALUE

At 30 June 2016

407,523

At 30 June 2015

407,719

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.6.16

30.6.15

£

Repayable otherwise than by instalments

91,432

85,796

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

2

Ordinary Shares

£1

2