R I Design & Build Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07218777 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

R I Design & Build Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N J Chadd

REGISTERED OFFICE:

Unit 6 Bencewell Farm

Oakley Road

Bromley

Kent

BR2 8HG

REGISTERED NUMBER:

07218777 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

FIXED ASSETS

Tangible assets

5

14,602

-

CURRENT ASSETS

Stocks

1,050,000

-

Debtors

6

453,462

61,387

Cash at bank

12,416

1,062

1,515,878

62,449

CREDITORS

Amounts falling due within one year

7

(1,542,248

)

(86,066

)

NET CURRENT LIABILITIES

(26,370

)

(23,617

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,768

)

(23,617

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(11,868

)

(23,717

)

(11,768

)

(23,617

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 February 2018 and were signed by:

N J Chadd - Director

1.	STATUTORY INFORMATION

R I Design & Build Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

14,850

At 31 May 2017

14,850

DEPRECIATION

Charge for year

248

At 31 May 2017

248

NET BOOK VALUE

At 31 May 2017

14,602

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

87,849

52,428

Other debtors

365,613

8,959

453,462

61,387

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

774,461

27,129

Taxation and social security

27,071

15,558

Other creditors

740,716

43,379

1,542,248

86,066

8.	RELATED PARTY DISCLOSURES