Rex Lovelace Limited - Period Ending 2014-09-30
Rex Lovelace Limited - Period Ending 2014-09-30
Registration number:
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Rex Lovelace Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Rex Lovelace Limited
for the Year Ended 30 September 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rex Lovelace Limited for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Rex Lovelace Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rex Lovelace Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rex Lovelace Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rex Lovelace Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rex Lovelace Limited. You consider that Rex Lovelace Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rex Lovelace Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Kennedy Legg
Accountants
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW
29 June 2015
Rex Lovelace Limited
(Registration number: 00582084)
Abbreviated Balance Sheet at 30 September 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mrs VJ Lovelace
Director
2
Rex Lovelace Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued
Accounting policies |
Basis of preparation
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows :
Asset class |
Depreciation method and rate |
Plant and machinery |
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Fixed asset investments
Financial instruments
Fixed assets |
Tangible assets
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Investments
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Total
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Cost |
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At 1 October 2013 |
45,671 |
756,575 |
802,246 |
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Additions |
- |
(13) |
(13) |
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At 30 September 2014 |
45,671 |
756,562 |
802,233 |
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Depreciation |
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At 30 September 2014 |
- |
- |
- |
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Net book value |
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At 30 September 2014 |
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At 30 September 2013 |
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Rex Lovelace Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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