R_D_AND_A_RHODES_LTD - Accounts

R D & A RHODES LIMITED - Company Information

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Company Registration No. 05351567 (England and Wales)

R D AND A RHODES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

R D AND A RHODES LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

R D AND A RHODES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

275,979

259,066

Investments

28,137

39,737

304,116

298,803

Current assets

Stocks

416,950

412,879

Debtors

95,675

79,299

512,625

492,178

Creditors: amounts falling due within one year

(417,862)

(372,082)

Net current assets

94,763

120,096

Total assets less current liabilities

398,879

418,899

Creditors: amounts falling due after more than one year

(51,544)

(119,560)

Provisions for liabilities

(39,169)

(35,750)

308,166

263,589

Capital and reserves

Called up share capital

Profit and loss account

308,164

263,587

Shareholders' funds

308,166

263,589

R D AND A RHODES LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 December 2014

Mrs A Rhodes

Mr R D Rhodes

Director

Company Registration No. 05351567

R D AND A RHODES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Accounting policies

1.1

Accounting convention

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

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Income is recognised when goods are physically delivered to the customer.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Improvements to leasehold property

10% Reducing Balance

Plant and machinery

15% Reducing balance

Fixtures, fittings and equipment

15% Reducing balance

Motor vehicles

25% Reducing balance

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Stock

Stock is valued at the lower of cost and net realisable value. Cost includes all expenditure in bringing the stock to its present state and location. Net realisable value represents estimated selling price less costs to complete and sell.

R D AND A RHODES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2013

598,410

39,737

638,147

Additions

55,447

12,475

67,922

At 31 March 2014

653,857

52,212

706,069

Depreciation

At 1 April 2013

339,344

Charge for the year

38,534

24,075

62,609

At 31 March 2014

377,878

24,075

401,953

Net book value

At 31 March 2014

275,979

28,137

304,116

At 31 March 2013

259,066

39,737

298,803

Unlisted investments relate entirely to a trade investment in the shares of ARLA Foods Limited.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £226,219 (2013 - £214,144).

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Related party relationships and transactions

Other transactions

As at the balance sheet date, the company owed Mr R D and Mrs A Rhodes £101,544 (2013: £169,560). There is no interest accruing and no set date for repayment. Of the total balance owing, £50,000 (2013: £50,000) is included within other creditors falling due within one year and £51,544 (2013: £119,560) is included within other creditors falling due after more than one year.

During the year the directors charged the company £20,000 (2013: £40,000) for the use of agricultural land and buildings.