R S General Trading Ltd,Ltd - Accounts

R S General Trading Ltd,Ltd - Accounts

R S GENERAL TRADING LTD - Company Information

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2013-03-01 true false Private Limited Company 07537564 2014-02-28 07537564 2013-03-01 2014-02-28 07537564 2013-02-28 07537564 2012-03-01 2013-02-28 07537564 uk-bus:Director1 2013-03-01 2014-02-28 07537564 uk-gaap:PlantMachinery 2013-03-01 2014-02-28 07537564 uk-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP
R S General Trading Ltd
For the year ended 28 February 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07537564
2
Contents Page
R S General Trading Ltd
For the year ended 28 February 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
R S General Trading Ltd
As at 28 February 2014
07537564
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
2,000
3,000
2,000
3,000
Current assets
Stocks
37,215
104,850
Debtors
-
111
Cash at bank and in hand
7,622
1,980
112,583
39,195
Creditors: amounts falling due within one year
(52,958)
(124,419)
(13,763)
(11,836)
Net current liabilities
Total assets less current liabilities
(9,836)
(10,763)
(9,836)
Net liabilities
(10,763)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(9,936)
(10,863)
(9,836)
(10,763)
Shareholders funds
For the year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) The director acknowledges his 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.
Date approved by the board: 06 November 2014
Mr Sushil Kumar Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
R S General Trading Ltd
For the year ended 28 February 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than leasehold property, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
5,000
At 01 March 2013
At 28 February 2014
5,000
Depreciation
2,000
At 01 March 2013
1,000
Charge for year
3,000
At 28 February 2014
Net book values
At 28 February 2014
2,000
3,000
At 28 February 2013
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5
Notes to the Abbreviated Financial Statements
R S General Trading Ltd
For the year ended 28 February 2014
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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