Company Registration No. 04485248 (England and Wales)
RPS DRAINAGE SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
RPS DRAINAGE SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
RPS DRAINAGE SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
82,491
11,116
Current assets
Debtors
360,044
280,007
Cash at bank and in hand
10,151
-
370,195
280,007
Creditors: amounts falling due within one year
(360,414)
(282,156)
Net current assets/(liabilities)
9,781
(2,149)
Total assets less current liabilities
92,272
8,967
Creditors: amounts falling due after more than one year
(54,423)
-
37,849
8,967
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
37,847
8,965
Shareholders' funds
37,849
8,967
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 August 2017
Mr P Turner
Director
Company Registration No. 04485248
RPS DRAINAGE SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of ten years.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
10% straight line
Fixtures, fittings & equipment
10% straight line
Motor vehicles
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
50,000
101,791
151,791
Additions
-
81,173
81,173
At 30 September 2016
50,000
182,964
232,964
Depreciation
At 1 October 2015
50,000
90,675
140,675
Charge for the year
-
9,798
9,798
At 30 September 2016
50,000
100,473
150,473
Net book value
At 30 September 2016
-
82,491
82,491
At 30 September 2015
-
11,116
11,116
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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