Abbreviated Company Accounts - R S & J LTD

Abbreviated Company Accounts - R S & J LTD


Registered Number 03904519

R S & J LTD

Abbreviated Accounts

28 February 2015

R S & J LTD Registered Number 03904519

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 38,386 43,922
38,386 43,922
Current assets
Stocks 5,150 5,000
Debtors 4,926 5,100
Cash at bank and in hand 20,537 17,414
30,613 27,514
Creditors: amounts falling due within one year (26,620) (25,786)
Net current assets (liabilities) 3,993 1,728
Total assets less current liabilities 42,379 45,650
Total net assets (liabilities) 42,379 45,650
Capital and reserves
Called up share capital 3 274,500 274,500
Profit and loss account (232,121) (228,850)
Shareholders' funds 42,379 45,650
  • For the year ending 28 February 2015 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 29 July 2015

And signed on their behalf by:
Mrs R E McCluskey, Director

R S & J LTD Registered Number 03904519

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold properties - Straight line over the life of the lease
Plant and machinery - 15% or 33% reducing balance
Fixtures, fittings and equipment - 15% reducing balance
Improvements to Leasehold Property - 5% straight line

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

2Tangible fixed assets
£
Cost
At 1 March 2014 149,690
Additions 2,190
Disposals (4,300)
Revaluations -
Transfers -
At 28 February 2015 147,580
Depreciation
At 1 March 2014 105,768
Charge for the year 6,686
On disposals (3,260)
At 28 February 2015 109,194
Net book values
At 28 February 2015 38,386
At 28 February 2014 43,922
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
274,500Ordinary shares of £1 each 274,500 274,500