R S Bailey Limited - Limited company - abbreviated - 11.6

R S Bailey Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 07181717 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

R S BAILEY LIMITED

R S BAILEY LIMITED (REGISTERED NUMBER: 07181717)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

R S BAILEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: R S Bailey
Mrs J A Bailey
A P Bailey





REGISTERED OFFICE: East Lodge Barton Court
Mill Lane
Kintbury, Hungerford
Berkshire
RG17 9SA





REGISTERED NUMBER: 07181717 (England and Wales)





ACCOUNTANTS: Brading Cryer Limited
Chartered Accountants
31a Charnham Street
Hungerford
Berkshire
RG17 0EJ

R S BAILEY LIMITED (REGISTERED NUMBER: 07181717)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 30,000 35,000
Tangible assets 3 11,286 14,865
41,286 49,865

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 79,976 54,178
82,476 56,678
CREDITORS
Amounts falling due within one year 117,482 95,057
NET CURRENT LIABILITIES (35,006 ) (38,379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,280

11,486

CREDITORS
Amounts falling due after more than one
year

6,203

11,253
NET ASSETS 77 233

CAPITAL AND RESERVES
Called up share capital 4 3 3
Profit and loss account 74 230
SHAREHOLDERS' FUNDS 77 233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

R S BAILEY LIMITED (REGISTERED NUMBER: 07181717)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 5 August 2014 and were signed on its
behalf by:





R S Bailey - Director


R S BAILEY LIMITED (REGISTERED NUMBER: 07181717)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax and is recognised when
the service or product is actually delivered in the period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 50,000
AMORTISATION
At 1 April 2013 15,000
Amortisation for year 5,000
At 31 March 2014 20,000
NET BOOK VALUE

At 31 March 2014 30,000
At 31 March 2013 35,000

R S BAILEY LIMITED (REGISTERED NUMBER: 07181717)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 21,544
DEPRECIATION
At 1 April 2013 6,679
Charge for year 3,579
At 31 March 2014 10,258
NET BOOK VALUE
At 31 March 2014 11,286
At 31 March 2013 14,865

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
3 Ordinary £1 3 3