Abbreviated Company Accounts - RIC CHEMICALS LIMITED

RIC CHEMICALS LIMITED - Company Information

03091306 RIC CHEMICALS LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 03091306 2015-09-01 2016-08-31 03091306 2016-08-31 03091306 2015-08-31 03091306 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 03091306 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 03091306

RIC CHEMICALS LIMITED

Abbreviated Accounts

31 August 2016

RIC CHEMICALS LIMITED Registered Number 03091306

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	281,777	282,959
Investments	3	10,000	10,000
		291,777	292,959
Current assets
Debtors		241,011	255,245
Cash at bank and in hand		27,589	32,930
		268,600	288,175
Creditors: amounts falling due within one year		(427,231)	(418,778)
Net current assets (liabilities)		(158,631)	(130,603)
Total assets less current liabilities		133,146	162,356
Creditors: amounts falling due after more than one year		(50,000)	(50,000)
Total net assets (liabilities)		83,146	112,356
Capital and reserves
Called up share capital	4	80,000	80,000
Profit and loss account		3,146	32,356
Shareholders' funds		83,146	112,356

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 26 May 2017

And signed on their behalf by:
Mr K K Patel, Director

RIC CHEMICALS LIMITED Registered Number 03091306

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 September 2015	347,268
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	347,268
Depreciation
At 1 September 2015	64,309
Charge for the year	1,182
On disposals	-
At 31 August 2016	65,491
Net book values
At 31 August 2016	281,777
At 31 August 2015	282,959

3Fixed assets Investments
Fixed asset investments relate to investment in unlisted company. No movements during the year ended 31st August 2016.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
80,000 Ordinary shares of £1 each	80,000	80,000