RBS Building Services Limited Small abridged accounts
RBS Building Services Limited Small abridged accounts
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
04576102
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ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2016
Contents |
Page |
Officers and professional advisers |
1 |
Abridged statement of financial position |
2 |
Notes to the abridged financial statements |
4 |
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OFFICERS AND PROFESSIONAL ADVISERS |
Director |
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Company secretary |
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Registered office |
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Accountants |
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Chartered accountant |
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168 Church Road |
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Hove |
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BN3 2DL |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2016 |
2015 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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--------- |
--------- |
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Current assets
Stocks |
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Debtors |
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---------- |
---------- |
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Creditors: amounts falling due within one year |
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---------- |
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Net current assets/(liabilities) |
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(
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--------- |
--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Provisions
Taxation including deferred tax |
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--------- |
--------- |
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Net assets/(liabilities) |
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(
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--------- |
--------- |
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
2016 |
2015 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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(
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---- |
------- |
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Members funds/(deficit) |
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(
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---- |
------- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
28 September 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04576102
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2016
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
The principal activity of the company during the year was building and shopfitting.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's banker and directors.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of the assets to their recoverable amounts and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Revenue recognition
Income tax
Foreign currencies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings |
- |
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Motor vehilces |
- |
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Impairment of fixed assets
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to
6
(2015:
12
).
5.
Intangible assets
£ |
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Cost |
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At 1 January 2016 and 31 December 2016 |
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--------- |
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Amortisation |
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At 1 January 2016 |
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Charge for the year |
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--------- |
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At 31 December 2016 |
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--------- |
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Carrying amount |
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At 31 December 2016 |
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--------- |
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At 31 December 2015 |
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--------- |
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6.
Tangible assets
£ |
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Cost |
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At 1 January 2016 |
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Additions |
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---------- |
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At 31 December 2016 |
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---------- |
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Depreciation |
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At 1 January 2016 |
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Charge for the year |
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---------- |
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At 31 December 2016 |
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Carrying amount |
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At 31 December 2016 |
16,670 |
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At 31 December 2015 |
20,749 |
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7.
Directors' loans
During the year the director entered into the following advances and credits with the company:
2016 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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---- |
---- |
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2015 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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– |
(
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(
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8.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.
No transitional adjustments were required in equity or profit or loss for the year.