R TODD & CO LIMITED

R TODD & CO LIMITED

R TODD & CO LIMITED - Company Information

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R TODD & CO LIMITED

Company Registration Number:
SC166502 (Scotland)

Unaudited abridged accounts for the year ended 30 June 2017

Period of accounts

Start date: 01 July 2016

End date: 30 June 2017

R TODD & CO LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2017

Balance sheet
Notes

R TODD & CO LIMITED

Balance sheet

As at 30 June 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 5,766 9,422
Total fixed assets: 5,766 9,422
Current assets
Stocks: 30,660 31,045
Debtors:   1,446,315 1,494,556
Cash at bank and in hand: 596,361 192,879
Total current assets: 2,073,336 1,718,480
Creditors: amounts falling due within one year: 3 (1,030,800)
Net current assets (liabilities): 1,042,536 1,718,480
Total assets less current liabilities: 1,048,302 1,727,902
Creditors: amounts falling due after more than one year:     (866,344)
Provision for liabilities:   0
Total net assets (liabilities): 1,048,302 861,558
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,047,302 860,558
Shareholders funds: 1,048,302 861,558

The notes form part of these financial statements

R TODD & CO LIMITED

Balance sheet statements

For the year ending 30 June 2017 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2018
and signed on behalf of the board by:

Name: E E Todd
Status: Director

The notes form part of these financial statements

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible Assets are stated at cost less depreciation.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Equipment - 25% straight lineFixtures & Fittings - 25% straight line

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value after making due allowances for obsolete and slow moving stocks.

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

2. Tangible Assets

Total
Cost £
At 01 July 2016 164,494
At 30 June 2017 164,494
Depreciation
At 01 July 2016 155,072
Charge for year 3,656
At 30 June 2017 158,728
Net book value
At 30 June 2017 5,766
At 30 June 2016 9,422

R TODD & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

3. Creditors: amounts falling due within one year note

Trade creditors £898078Other taxes & social security £ 76268Accruals £ 56454