Accounts filed on 30-11-2016


Registered number: 07930264






RMK Vehicle Services Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016


(Ceased trading 31 March 2017)























Prepared By:
JDL Accountancy & Taxation
Business Advisors
1 Bedford Road
Stapenhill
Burton upon Trent
Staffordshire
DE15 9JG


RMK Vehicle Services Limited


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30 November 2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 07930264


Registered Number: 07930264

BALANCE SHEET AT 30 NOVEMBER 2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Intangible assets	2		-		22,778
Tangible assets	3		-		4,452

			-		27,230

CURRENT ASSETS
Cash at bank and in hand		1,206		2,328
		1,206		2,328
CREDITORS: Amounts falling due within one year		2,039		30,625
NET CURRENT LIABILITIES			(833)		(28,297)
TOTAL ASSETS LESS CURRENT LIABILITIES			(833)		(1,067)

CAPITAL AND RESERVES

Called up share capital	4		100		100
Profit and loss account			(933)		(1,167)
SHAREHOLDERS' FUNDS			(833)		(1,067)

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 28 August 2017 and signed on their behalf by




Mark William Russell
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%
Computer Equipment		straight line 33.3%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100

New shares issued during period:
100 Ordinary shares of £1 each	100	100




5. RELATED PARTY TRANSACTIONS
During the year commissions were received from Broke-Smith Motorsport Limited. Mr B T Broke-Smith, a director, is also a director of Broke-Smith Motorsport Limited.
During the year commissions were received from Russell Ventures Limited. Mr M W Russell, a director, is also a director of Russell Ventures Limited.




6. TRANSACTIONS WITH DIRECTORS
During the year a balance of Nil (2015: £24,974) was owed to Mr M W Russell by the company. During the year a balance of Nil (2015: £5,184) was owed to Mr B T Broke-Smith by the company. The total amounts due to the directors are shown within other creditors.




7. CONTROLLING PARTY
There is no ultimate controlling party.