R.M.S. Decoration Limited - Abbreviated accounts 16.3

R.M.S. Decoration Limited - Abbreviated accounts 16.3

R.M.S. DECORATION LIMITED - Company Information

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REGISTERED NUMBER: 05207573 (England and Wales)
























R.M.S. DECORATION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016






R.M.S. DECORATION LIMITED (REGISTERED NUMBER: 05207573)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 31 August 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

R.M.S. DECORATION LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2016







DIRECTORS: R M Saunders
Mrs R J Saunders





REGISTERED OFFICE: 42 High Street
Flitwick
Bedfordshire
MK45 1DU





REGISTERED NUMBER: 05207573 (England and Wales)





ACCOUNTANTS: Haines Watts (SEM) Limited
42 High Street
Flitwick
Bedfordshire
MK45 1DU
Page 1
R.M.S. DECORATION LIMITED (REGISTERED NUMBER: 05207573)

ABBREVIATED BALANCE SHEET
31 August 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 23,628 8,584

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 37,543 27,780
Cash at bank and in hand 4,348 20,027
44,891 50,807
CREDITORS
Amounts falling due within one year 3 39,932 33,185
NET CURRENT ASSETS 4,959 17,622
TOTAL ASSETS LESS CURRENT
LIABILITIES
28,587
26,206

PROVISIONS FOR LIABILITIES 4,726 1,717
NET ASSETS 23,861 24,489

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account 23,851 24,479
SHAREHOLDERS' FUNDS 23,861 24,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 31 May 2017 and were signed on its behalf by:





R M Saunders - Director


The notes form part of these abbreviated accounts

Page 2
R.M.S. DECORATION LIMITED (REGISTERED NUMBER: 05207573)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 31 August 2016


1. ACCOUNTING POLICIES

Accounting convention
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
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service
contracts where turnover id recognised when the company obtains the right to consideration.

Tangible fixed assets
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
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 26,886
Additions 24,540
Disposals (14,295 )
At 31 August 2016 37,131
DEPRECIATION
At 1 September 2015 18,302
Charge for year 7,170
Eliminated on disposal (11,969 )
At 31 August 2016 13,503
NET BOOK VALUE
At 31 August 2016 23,628
At 31 August 2015 8,584

3. CREDITORS

Creditors include an amount of £ 1,967 for which security has been given.

Page 3 continued...
R.M.S. DECORATION LIMITED (REGISTERED NUMBER: 05207573)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 31 August 2016


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary £1 10 10

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operates a current account. As at the year end the company owed £10,925 to the directors (2015
£10,460 credit). No interest is charged and amounts due are repayable on demand.

Page 4