RM_CONTRACTORS_LIMITED - Accounts

R.M. CONTRACTORS LIMITED - Company Information

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Company Registration No. 02932050 (England and Wales)

RM CONTRACTORS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

RM CONTRACTORS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RM CONTRACTORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

31,259

19,015

Current assets

Stocks

60,490

44,268

Debtors

2,728,415

2,371,364

Cash at bank and in hand

593,848

762,942

3,382,753

3,178,574

Creditors: amounts falling due within one year

(2,222,294)

(2,367,857)

Net current assets

1,160,459

810,717

Total assets less current liabilities

1,191,718

829,732

Provisions for liabilities

(2,667)

(2,762)

1,189,051

826,970

Capital and reserves

Called up share capital

5,100

Other reserves

5,100

Profit and loss account

1,178,851

816,770

Shareholders' funds

1,189,051

826,970

For the financial Year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 6 March 2015

Mr C C Moen

Director

Company Registration No. 02932050

RM CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% Reducing balance

Computer equipment

4 years straight line

Fixtures, fittings & equipment

15% Reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

RM CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2013

64,868

Additions

16,653

At 31 August 2014

81,521

Depreciation

At 1 September 2013

45,852

Charge for the period

4,410

At 31 August 2014

50,262

Net book value

At 31 August 2014

31,259

At 31 August 2013

19,015

Share capital

2014

2013

Allotted, called up and fully paid

5,100 Ordinary shares of £1 each

5,100