Abbreviated Company Accounts - R.G. CHURCH LIMITED

R.G. CHURCH LIMITED - Company Information

Registered Number 06542266

R.G. CHURCH LIMITED

Abbreviated Accounts

31 March 2014

R.G. CHURCH LIMITED Registered Number 06542266

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	680,541	220,831
		680,541	220,831
Current assets
Stocks		64,610	67,787
Debtors		512,033	464,753
Cash at bank and in hand		157,054	224,259
		733,697	756,799
Creditors: amounts falling due within one year		(560,543)	(492,996)
Net current assets (liabilities)		173,154	263,803
Total assets less current liabilities		853,695	484,634
Creditors: amounts falling due after more than one year		(262,318)	-
Provisions for liabilities		(31,869)	(32,235)
Total net assets (liabilities)		559,508	452,399
Capital and reserves
Called up share capital		100	100
Profit and loss account		559,408	452,299
Shareholders' funds		559,508	452,399

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 24 December 2014

And signed on their behalf by:
J M CHURCH, Director

R.G. CHURCH LIMITED Registered Number 06542266

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 revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Ta

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 fixed assets, less their estimated residual valkue, over their expected useful lives on the following bases:
Farm buildings 10% Straight line
Plant & machinery 15% Reducing balance
Motor vehicles 25% reducing balance
Agricultural land is not depreciated.

Other accounting policies
Stocks are valued at the lower of coat and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads

2Tangible fixed assets

	£
Cost
At 1 April 2013	429,990
Additions	519,340
Disposals	(37,250)
Revaluations	-
Transfers	-
At 31 March 2014	912,080
Depreciation
At 1 April 2013	209,159
Charge for the year	35,227
On disposals	(12,847)
At 31 March 2014	231,539
Net book values
At 31 March 2014	680,541
At 31 March 2013	220,831