Abbreviated Company Accounts - R.F.B. DEVELOPMENTS LTD

R.F.B. DEVELOPMENTS LTD - Company Information

Registered Number NI040479

R.F.B. DEVELOPMENTS LTD

Abbreviated Accounts

31 March 2014

R.F.B. DEVELOPMENTS LTD Registered Number NI040479

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	23,446	12,178
Investments	3	2,670,661	978,161
		2,694,107	990,339
Current assets
Stocks		651,714	765,568
Debtors		102,544	91,771
Cash at bank and in hand		982,984	2,684,009
		1,737,242	3,541,348
Creditors: amounts falling due within one year		(42,259)	(45,123)
Net current assets (liabilities)		1,694,983	3,496,225
Total assets less current liabilities		4,389,090	4,486,564
Total net assets (liabilities)		4,389,090	4,486,564
Capital and reserves
Called up share capital		25,000	25,000
Profit and loss account		4,364,090	4,461,564
Shareholders' funds		4,389,090	4,486,564

For the year ending 31 March 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 December 2014

And signed on their behalf by:
Ronnie Bell, Director
Lorna Ball, Director

R.F.B. DEVELOPMENTS LTD Registered Number NI040479

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over the expected useful lives on the following bases;
Plant & machinery 20% straight line
Motor vehicles 25% straight line
Fixtures & fittings 25% straight line

Valuation information and policy
Stocks & work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stocks. Costs includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2Tangible fixed assets

	£
Cost
At 1 April 2013	186,533
Additions	27,846
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	214,379
Depreciation
At 1 April 2013	174,355
Charge for the year	16,578
On disposals	-
At 31 March 2014	190,933
Net book values
At 31 March 2014	23,446
At 31 March 2013	12,178

3Fixed assets Investments
Fixed asset investments relate to an investment in a property development business.