R + K Polymer Glass Coatings Limited - Limited company - abbreviated

REGISTERED NUMBER: 06618566 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

R + K Polymer Glass Coatings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Nehra

K Kumar

REGISTERED OFFICE:

Unit 12

Falcon Business Park

Meadow Lane

Loughborough

Leicestershire

LE11 1HL

REGISTERED NUMBER:

06618566 (England and Wales)

ACCOUNTANTS:

Gregory Priestley & Stewart

16 Queen Street

Ilkeston

Derbyshire

DE7 5GT

FIXED ASSETS

Tangible assets

2

42,840

37,714

CURRENT ASSETS

Stocks

44,796

77,137

Debtors

58,269

110,705

Cash at bank

51,674

22,325

154,739

210,167

CREDITORS

Amounts falling due within one year

58,361

50,579

NET CURRENT ASSETS

96,378

159,588

TOTAL ASSETS LESS CURRENT
LIABILITIES

139,218

197,302

PROVISIONS FOR LIABILITIES

6,818

5,410

NET ASSETS

132,400

191,892

CAPITAL AND RESERVES

Called up share capital

3

100,001

Profit and loss account

32,399

91,891

SHAREHOLDERS' FUNDS

132,400

191,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 21 August 2014 and were signed on its behalf by:

R Nehra - 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 April 2008).

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 etc

-

33% on cost and 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

102,909

Additions

15,919

Disposals

(2,721

)

At 30 June 2014

116,107

DEPRECIATION

At 1 July 2013

65,195

Charge for year

10,793

Eliminated on disposal

(2,721

)

At 30 June 2014

73,267

NET BOOK VALUE

At 30 June 2014

42,840

At 30 June 2013

37,714

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

900

Ordinary A

£100

90,000

100

Ordinary B

£100

10,000

1

Ordinary C

£1

1

100,001

R + K Polymer Glass Coatings Limited - Limited company - abbreviated - 11.0.0

R + K Polymer Glass Coatings Limited - Limited company - abbreviated - 11.0.0