R_&_G_KING_LIMITED - Accounts

R & G KING LIMITED - Company Information

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Company Registration No. 07687149 (England and Wales)

R & G KING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

R & G KING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

R & G KING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

5,000

6,000

Tangible assets

23,978

27,914

28,978

33,914

Current assets

Stocks

36,250

Debtors

105,355

9,947

Cash at bank and in hand

14,717

38,509

120,072

84,706

Creditors: amounts falling due within one year

(78,074)

(36,400)

Net current assets

41,998

48,306

Total assets less current liabilities

70,976

82,220

Creditors: amounts falling due after more than one year

(33,895)

(45,000)

37,081

37,220

Capital and reserves

Called up share capital

101

Profit and loss account

36,980

37,119

Shareholders' funds

37,081

37,220

R & G KING LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 March 2017

Mr J King

Director

Company Registration No. 07687149

R & G KING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

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).

1.3

Turnover

Turnover represents the value of work completed net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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:

Plant and machinery

20% Straight Line

Fixtures, fittings & equipment

20% Straight Line

Motor vehicles

25% Reducing Balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2015

10,000

53,697

63,697

Additions

4,000

At 30 June 2016

10,000

57,697

67,697

Depreciation

At 1 July 2015

4,000

25,783

29,783

Charge for the year

1,000

7,936

8,936

At 30 June 2016

5,000

33,719

38,719

Net book value

At 30 June 2016

5,000

23,978

28,978

At 30 June 2015

6,000

27,914

33,914

R & G KING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

100 Ordinary B share of £1 each

100

101