R F Industries Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03857045 (England and Wales)

R F Industries Limited

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R R Sucharitkul

SECRETARY:

Mrs S L Sucharitkul

REGISTERED OFFICE:

2nd Floor Curzon House

24 High Street

Banstead

Surrey

SM7 2LJ

REGISTERED NUMBER:

03857045 (England and Wales)

ACCOUNTANTS:

Langdon West Williams PLC

Curzon House 2nd Floor

24 High Street

Banstead

Surrey

SM7 2LJ

FIXED ASSETS

Tangible assets

2

195,383

205,048

CURRENT ASSETS

Stocks

10,131

9,210

Debtors

188,134

177,281

Cash at bank and in hand

206,495

226,446

404,760

412,937

CREDITORS

Amounts falling due within one year

3

152,307

184,356

NET CURRENT ASSETS

252,453

228,581

TOTAL ASSETS LESS CURRENT LIABILITIES

447,836

433,629

CREDITORS

Amounts falling due after more than one year

3

(51,801

)

(65,108

)

PROVISIONS FOR LIABILITIES

(10,000

)

(10,000

)

NET ASSETS

386,035

358,521

CAPITAL AND RESERVES

Called up share capital

4

200

200

Profit and loss account

385,835

358,321

SHAREHOLDERS' FUNDS

386,035

358,521

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

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

The director acknowledges his 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 director on 25 May 2017 and were signed by:

R R Sucharitkul - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards.

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 the net invoiced sales of goods and services, excluding VAT, except in respect of service

contracts where turnover is recognised when the company obtains the right of consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

Warranty provision

Provision is made for the future costs of rectification work to be carried out after the year end relating to sales

made under warranty in the period.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

286,710

Additions

1,657

At 31 October 2016

288,367

DEPRECIATION

At 1 November 2015

81,662

Charge for year

11,322

At 31 October 2016

92,984

NET BOOK VALUE

At 31 October 2016

195,383

At 31 October 2015

205,048

3.

CREDITORS

Creditors include an amount of £ 48,924 (2015 - £ 58,875 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

Dividends on each class of share may be decided by the company in general meeting separately for each class

of share. In all other respects the shares rank pari passu.

5.	ULTIMATE CONTROLLING PARTY