Rumspar Limited - Limited company - abbreviated

REGISTERED NUMBER: 04714644 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 24 JUNE 2013 TO 30 JUNE 2014

FOR

RUMSPAR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Rumboll

N C Rumboll

SECRETARY:

N C Rumboll

REGISTERED OFFICE:

101 Galgate

Barnard Castle

Co. Durham

DL12 8ES

REGISTERED NUMBER:

04714644 (England and Wales)

ACCOUNTANTS:

Blaeford Gordon & Company Ltd

101 Galgate

Barnard Castle

DL12 8ES

FIXED ASSETS

Intangible assets

2

680,000

Tangible assets

3

31,633

37,216

711,633

717,216

CURRENT ASSETS

Stocks

57,205

86,447

Debtors

-

39,380

Cash at bank and in hand

-

15,298

57,205

141,125

CREDITORS

Amounts falling due within one year

4

521,180

566,324

NET CURRENT LIABILITIES

(463,975

)

(425,199

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

247,658

292,017

CREDITORS

Amounts falling due after more than one
year

4

271,551

282,348

NET (LIABILITIES)/ASSETS

(23,893

)

9,669

CAPITAL AND RESERVES

Called up share capital

5

60,000

Profit and loss account

(83,893

)

(50,331

)

SHAREHOLDERS' FUNDS

(23,893

)

9,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2014 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 30 September 2014 and were signed on its behalf
by:

R J Rumboll - Director

N C Rumboll - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The balance sheet shows current liabilities in excess of current assets. Since its incorporation the company's

directors and bankers have provided financial support and have indicated their willingness to continue to do so

for the foreseeable future. Accordingly the accounts are prepared on a going concern basis.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2004 and 2010, is not being

amortised. In the opinion of the directors, to do so would not provide a true and fair view of the value of this

asset.

Tangible fixed assets

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

Fixtures and fittings

-

15% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 24 June 2013

and 30 June 2014

680,000

NET BOOK VALUE

At 30 June 2014

680,000

At 23 June 2013

680,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 24 June 2013

and 30 June 2014

95,916

DEPRECIATION

At 24 June 2013

58,700

Charge for period

5,583

At 30 June 2014

64,283

NET BOOK VALUE

At 30 June 2014

31,633

At 23 June 2013

37,216

4.

CREDITORS

Creditors include an amount of £ 133,766 (23.6.13 - £ 133,766 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.6.14

23.6.13

£

Repayable by instalments

14,186

24,983

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

23.6.13

value:

£

60,000

Ordinary

£1

60,000

Rumspar Limited - Limited company - abbreviated - 11.6

Rumspar Limited - Limited company - abbreviated - 11.6