Rushworth & Co (Sowerby Bridge) Limited - Limited company - abbreviated - 11.0.0
Rushworth & Co (Sowerby Bridge) Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30th June 2014 |
| for |
| Rushworth & Co (Sowerby Bridge) Limited |
| Rushworth & Co (Sowerby Bridge) Limited (Registered number: 00500880) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30th June 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Rushworth & Co (Sowerby Bridge) Limited |
| Company Information |
| for the Year Ended 30th June 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Rushworth & Co (Sowerby Bridge) Limited (Registered number: 00500880) |
| Abbreviated Balance Sheet |
| 30th June 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Investments |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on by: |
| Rushworth & Co (Sowerby Bridge) Limited (Registered number: 00500880) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30th June 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of investment properties and in accordance with the Financial Reporting Standard for Smaller Entities (effective |
| April 2008). The financial statements are in compliance with the Companies Act 2006 except that, as explained |
| below, property is not depreciated. |
| Tangible fixed assets |
| Plant and machinery | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| In accordance with Financial Reporting Standard for Smaller Entities, no depreciation is provided on the |
| investment properties. This is a departure from the requirements of the Companies Act 2006 which requires all |
| properties to be depreciated. Such properties are not held for the purpose of trade, but for investment and the |
| director considers that to depreciate them would not give a true and fair view. Depreciation is only one of many |
| factors reflected in the valuation of properties and accordingly the amount of depreciation which might otherwise |
| have been charged cannot be separately identified or quantified. The director considers that this policy results in |
| the accounts giving a true and fair view. |
| 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. |
| Current asset investments |
| Current asset investments are valued at cost unless market value is significantly different. |
| Warranties |
| Provision is made for the estimated liability on all products still under warranty, including claims already |
| received. The provision is based on past experience of claims arising in the warranty period. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st July 2013 |
| and 30th June 2014 |
| DEPRECIATION |
| At 1st July 2013 |
| and 30th June 2014 |
| NET BOOK VALUE |
| At 30th June 2014 |
| At 30th June 2013 |
| Rushworth & Co (Sowerby Bridge) Limited (Registered number: 00500880) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30th June 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1st July 2013 |
| and 30th June 2014 |
| DEPRECIATION |
| At 1st July 2013 |
| and 30th June 2014 |
| NET BOOK VALUE |
| At 30th June 2014 |
| At 30th June 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary A shares | £1 |
| Ordinary B shares | £1 |
| 72,000 | 72,000 |
| The 'B' Ordinary shares do not carry the right to vote at any general meeting of the company or to participate in |
| any profits of the company or have any rights, other than the return of capital on a winding up or otherwise. |