Abbreviated Company Accounts - RHODES & HAMILTON LIMITED

RHODES & HAMILTON LIMITED - Company Information

01631241 RHODES & HAMILTON LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 01631241 2013-07-01 2014-06-30 01631241 2014-06-30 01631241 2013-06-30 01631241 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 01631241 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 01631241

RHODES & HAMILTON LIMITED

Abbreviated Accounts

30 June 2014

RHODES & HAMILTON LIMITED Registered Number 01631241

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	225,485	231,285
		225,485	231,285
Current assets
Stocks		1,214,010	1,105,499
Debtors		30,473	48,724
Cash at bank and in hand		1,010,140	1,098,070
		2,254,623	2,252,293
Prepayments and accrued income		2,130	-
Creditors: amounts falling due within one year		(106,511)	(116,416)
Net current assets (liabilities)		2,150,242	2,135,877
Total assets less current liabilities		2,375,727	2,367,162
Accruals and deferred income		(2,750)	(2,750)
Total net assets (liabilities)		2,372,977	2,364,412
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		2,371,977	2,363,412
Shareholders' funds		2,372,977	2,364,412

For the year ending 30 June 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 13 February 2015

And signed on their behalf by:
J M Rhodes, Director
I Rhodes, Director

RHODES & HAMILTON LIMITED Registered Number 01631241

Notes to the Abbreviated Accounts for the period ended 30 June 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 invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property - 2% straight line
Plant & Machinery - 10% straight line
Motor Vehicles - 25% reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 July 2013	300,903
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	300,903
Depreciation
At 1 July 2013	69,618
Charge for the year	5,800
On disposals	-
At 30 June 2014	75,418
Net book values
At 30 June 2014	225,485
At 30 June 2013	231,285

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000