R J Power Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06722508 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

R J POWER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G A Rowatt

SECRETARY:

N J Frost

REGISTERED OFFICE:

Third Floor

Map House

34-36 St Leonards Road

Eastbourne

East Sussex

BN21 3UT

REGISTERED NUMBER:

06722508 (England and Wales)

ACCOUNTANTS:

MDJ Services Limited

MAP House

34-36 St Leonards Road

Eastbourne

East Sussex

BN21 3UT

FIXED ASSETS

Tangible assets

2

124,651

113,349

CURRENT ASSETS

Stocks

23,540

16,540

Debtors

516,387

828,607

Cash at bank and in hand

480,389

19,124

1,020,316

864,271

CREDITORS

Amounts falling due within one year

3

592,919

559,549

NET CURRENT ASSETS

427,397

304,722

TOTAL ASSETS LESS CURRENT LIABILITIES

552,048

418,071

CREDITORS

Amounts falling due after more than one year

3

-

(41,652

)

PROVISIONS FOR LIABILITIES

(17,573

)

(14,616

)

NET ASSETS

534,475

361,803

CAPITAL AND RESERVES

Called up share capital

4

62

62

Profit and loss account

534,413

361,741

SHAREHOLDERS' FUNDS

534,475

361,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 May 2015 and were signed on its behalf by:

G A Rowatt - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer and office equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

224,866

Additions

56,955

Disposals

(44,536

)

At 31 March 2015

237,285

DEPRECIATION

At 1 April 2014

111,517

Charge for year

33,235

Eliminated on disposal

(32,118

)

At 31 March 2015

112,634

NET BOOK VALUE

At 31 March 2015

124,651

At 31 March 2014

113,349

3.

CREDITORS

Creditors include an amount of £ 0 (31.3.14 - £ 52,065 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

5,320

'A' ordinary

1p

53

53

930

'B' ordinary

1p

9

9

62

62

On 27 March 2014 the company passed a Special Resolution to subdivide and reclassify the 625 issued ordinary

shares of 10p each into 5,320 'A' ordinary shares of 1p each and 930 'B' ordinary shares of 1p each.

The 'A' ordinary shares and 'B' ordinary shares carry equal rights and rank pari passu in all respects.