Abbreviated Company Accounts - RED ROSE PAINT SUPPLIES LIMITED

RED ROSE PAINT SUPPLIES LIMITED - Company Information

01841101 RED ROSE PAINT SUPPLIES LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 01841101 2015-09-01 2016-08-31 01841101 2016-08-31 01841101 2015-08-31 01841101 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 01841101 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 01841101

RED ROSE PAINT SUPPLIES LIMITED

Abbreviated Accounts

31 August 2016

RED ROSE PAINT SUPPLIES LIMITED Registered Number 01841101

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	24,452	28,073
		24,452	28,073
Current assets
Stocks		221,958	224,218
Debtors		227,975	203,223
Cash at bank and in hand		284,438	163,966
		734,371	591,407
Creditors: amounts falling due within one year		(368,247)	(301,246)
Net current assets (liabilities)		366,124	290,161
Total assets less current liabilities		390,576	318,234
Creditors: amounts falling due after more than one year		(13,164)	(17,755)
Provisions for liabilities		(3,901)	(4,408)
Total net assets (liabilities)		373,511	296,071
Capital and reserves
Called up share capital	3	10,000	10,000
Profit and loss account		363,511	286,071
Shareholders' funds		373,511	296,071

For the year ending 31 August 2016 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 2 May 2017

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

RED ROSE PAINT SUPPLIES LIMITED Registered Number 01841101

Notes to the Abbreviated Accounts for the period ended 31 August 2016

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 January 2015.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold - in accordance with the property
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

2Tangible fixed assets

	£
Cost
At 1 September 2015	145,967
Additions	4,529
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	150,496
Depreciation
At 1 September 2015	117,894
Charge for the year	8,150
On disposals	-
At 31 August 2016	126,044
Net book values
At 31 August 2016	24,452
At 31 August 2015	28,073

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10,000 Ordinary shares of £1 each	10,000	10,000