Abbreviated Company Accounts - RICHARD ELWELL LIMITED

R S & K LAWSON LIMITED - Company Information

07095331 RICHARD ELWELL LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 07095331 2013-04-01 2014-03-31 07095331 2014-03-31 07095331 2013-03-31 07095331 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07095331 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 iso4217:GBP shares

Registered Number 07095331

RICHARD ELWELL LIMITED

Abbreviated Accounts

31 March 2014

RICHARD ELWELL LIMITED Registered Number 07095331

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	1,115,000	1,238,889
		1,115,000	1,238,889
Current assets
Debtors		48,999	122,735
Cash at bank and in hand		37,305	71,534
		86,304	194,269
Creditors: amounts falling due within one year		(772,713)	(947,817)
Net current assets (liabilities)		(686,409)	(753,548)
Total assets less current liabilities		428,591	485,341
Total net assets (liabilities)		428,591	485,341
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		428,491	485,241
Shareholders' funds		428,591	485,341

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 9 December 2014

And signed on their behalf by:
Mr R J Elwell, Director

RICHARD ELWELL LIMITED Registered Number 07095331

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
The turnover shown in the profit and loss account represents amounts due during the period.

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value
of the identifiable assets and liabilities. It is amortised to the Profit and Loss Account over its
estimated economic life.

Amortisation is provided at the following rates:

Goodwill - 10% straight line

2Intangible fixed assets

	£
Cost
At 1 April 2013	1,238,889
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,238,889
Amortisation
At 1 April 2013	-
Charge for the year	123,889
On disposals	-
At 31 March 2014	123,889
Net book values
At 31 March 2014	1,115,000
At 31 March 2013	1,238,889

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
99 Ordinary shares of £1 each	99	99
1 Deferred Ordinary shares of £1 each	1	1