Company Registration No. 05004171 (England and Wales)
Russell Davies Hereford Limited
Unaudited accounts
for the year ended 31 December 2016
Russell Davies Hereford Limited
Unaudited accounts
Contents
Russell Davies Hereford Limited
Company Information
for the year ended 31 December 2016
Company Number
05004171 (England and Wales)
Registered Office
150 Widemarsh Street
Hereford
HR4 9HW
Accountants
Diana Duggan & Co
27 East Street
Hereford
HR1 2LU
Russell Davies Hereford Limited
Statement of financial position
as at 31 December 2016
Cash at bank and in hand
32,536
6,887
Creditors: amounts falling due within one year
(12,955)
(6,585)
Net current assets
20,925
11,427
Called up share capital
100
100
Profit and loss account
20,825
11,327
Shareholders' funds
20,925
11,427
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 September 2017.
R J Davies
Director
Company Registration No. 05004171
Russell Davies Hereford Limited
Notes to the Accounts
for the year ended 31 December 2016
Russell Davies Hereford Limited is a private company, limited by shares, registered in England and Wales, registration number 05004171. The registered office and principal place of business is 150 Widemarsh Street, Hereford, HR4 9HW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
8 below.
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006, transition date 1 January 2015. There were no material changes to accounting policies following adoption. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Rendering of services
Turnover from services is recognised on completion of services.
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Russell Davies Hereford Limited
Notes to the Accounts
for the year ended 31 December 2016
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
5
Operating lease commitments
2016
2015
At 31 December 2016 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
3,900
3,900
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's advance
9,071
-
17,151
(8,080)
7
Average number of employees
During the year the average number of employees was 1 (2015: 1).
8
Reconciliations on adoption of FRS 102
CONVERSION TO FINANCIAL REPORTING STANDARD 102 SECTION 1A
The financial statements are compliant with financial reporting standard 102 and there have been no changes to the comparatives following adoption.
