Micro-entity Accounts - R. L. BAILEY & COMPANY LIMITED

R. L. BAILEY & COMPANY LIMITED - Company Information

01289309 R. L. BAILEY & COMPANY LIMITED 2016-12-31 false 2016-01-01 2016-12-31 true 01289309 2016-01-01 2016-12-31 01289309 2016-12-31 01289309 2015-12-31 01289309 uk-gaap-cd-bus:Director1 2016-01-01 2016-12-31 01289309 uk-gaap-cd-bus:Director2 2016-01-01 2016-12-31 01289309 uk-gaap-cd-bus:AllEntityOfficers 2016-01-01 2016-12-31 iso4217:GBP shares

Registered Number 01289309

R. L. BAILEY & COMPANY LIMITED

Micro-entity Accounts

31 December 2016

R. L. BAILEY & COMPANY LIMITED Registered Number 01289309

Micro-entity Balance Sheet as at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	1	41,626	62,243
		41,626	62,243
Current assets
Cash at bank and in hand		42,922	1,026
		42,922	1,026
Creditors: amounts falling due within one year		(15,672)	(9,707)
Net current assets (liabilities)		27,250	(8,681)
Total assets less current liabilities		68,876	53,562
Total net assets (liabilities)		68,876	53,562
Capital and reserves
Called up share capital		9,900	9,900
Profit and loss account		58,976	43,662
Shareholders' funds		68,876	53,562

For the year ending 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2017

And signed on their behalf by:
R L Bailey, Director
Mrs M F Bailey, Director

R. L. BAILEY & COMPANY LIMITED Registered Number 01289309

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1Tangible fixed assets

	£
Cost
At 1 January 2016	88,178
Additions	-
Disposals	(20,000)
Revaluations	-
Transfers	-
At 31 December 2016	68,178
Depreciation
At 1 January 2016	25,935
Charge for the year	617
On disposals	-
At 31 December 2016	26,552
Net book values
At 31 December 2016	41,626
At 31 December 2015	62,243

2Accounting Policies

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and value added tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.