Abbreviated Company Accounts - RUSTBUSTER LIMITED
Abbreviated Company Accounts - RUSTBUSTER LIMITED
Registered Number 03639350
RUSTBUSTER LIMITED
Abbreviated Accounts
31 May 2014
RUSTBUSTER LIMITED Registered Number 03639350
Abbreviated Balance Sheet as at 31 May 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 May 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
And signed on their behalf by:
RUSTBUSTER LIMITED Registered Number 03639350
Notes to the Abbreviated Accounts for the period ended 31 May 2014
1Accounting Policies
Basis of measurement and preparation of accounts
The continuing operational existence of the company is dependent upon the continued support of the company's directors, I Allen and J Allen.
I Allen and J Allen have expressed their willingness to continue to support the company.
Turnover policy
Tangible assets depreciation policy
Land and buildings freehold - nil
Plant and machinery - 25% per annum of written down value
Fixtures, fittings and equipment - 25% per annum of written down value
Motor vehicles - 25% of written down value
Other accounting policies
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards 9United Kingdom Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Stock
Stock is valued at the lower of cost and net realisable value.
£ | |
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Cost | |
At 1 June 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2014 |
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Depreciation | |
At 1 June 2013 |
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Charge for the year |
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On disposals |
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At 31 May 2014 |
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Net book values | |
At 31 May 2014 | 31,450 |
At 31 May 2013 | 21,929 |