Roofing & Salvage Depot Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06701279 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Roofing & Salvage Depot Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

D L J Howell

W L Howell

SECRETARY:

REGISTERED OFFICE:

Glovers Meadow Maesbury Road Industrial

Estate

Oswestry

Shropshire

SY10 8NH

REGISTERED NUMBER:

06701279 (England and Wales)

ACCOUNTANTS:

T.A. Gittins & Company

Chartered Accountants,

61 King Street

Wrexham

LL11 1HR

FIXED ASSETS

Tangible assets

2

80,087

101,420

CURRENT ASSETS

Stocks

366,650

280,939

Debtors

271,575

134,174

Cash at bank and in hand

4,536

-

642,761

415,113

CREDITORS

Amounts falling due within one year

3

427,426

285,613

NET CURRENT ASSETS

215,335

129,500

TOTAL ASSETS LESS CURRENT
LIABILITIES

295,422

230,920

CREDITORS

Amounts falling due after more than one
year

3

(96,688

)

(74,775

)

PROVISIONS FOR LIABILITIES

(17,273

)

(19,684

)

NET ASSETS

181,461

136,461

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

181,361

136,361

SHAREHOLDERS' FUNDS

181,461

136,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 15 June 2017 and were signed on its behalf by:

D L J Howell - Director

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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 October 2015

143,948

Additions

1,798

Disposals

(8,408

)

At 30 September 2016

137,338

DEPRECIATION

At 1 October 2015

42,528

Charge for year

21,137

Eliminated on disposal

(6,414

)

At 30 September 2016

57,251

NET BOOK VALUE

At 30 September 2016

80,087

At 30 September 2015

101,420

3.

CREDITORS

Creditors include an amount of £ 87,043 (2015 - £ 77,302 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2016 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

T.A. Gittins & Company

Chartered Accountants,

61 King Street

Wrexham

LL11 1HR

Date: 15th June 2017