Abbreviated Company Accounts - RADWAY CONTINENTAL LIMITED

CALEDONIA PLAY LTD - Company Information

SC150409 RADWAY CONTINENTAL LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true SC150409 2014-01-01 2014-12-31 SC150409 2014-12-31 SC150409 2013-12-31 SC150409 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 SC150409 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number SC150409

RADWAY CONTINENTAL LIMITED

Abbreviated Accounts

31 December 2014

RADWAY CONTINENTAL LIMITED Registered Number SC150409

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	37,036	31,254
		37,036	31,254
Current assets
Stocks		78,410	86,035
Debtors		102,707	153,216
Cash at bank and in hand		144,818	137,484
		325,935	376,735
Creditors: amounts falling due within one year		(79,998)	(108,937)
Net current assets (liabilities)		245,937	267,798
Total assets less current liabilities		282,973	299,052
Total net assets (liabilities)		282,973	299,052
Capital and reserves
Called up share capital	3	70	100
Other reserves		30	-
Profit and loss account		282,873	298,952
Shareholders' funds		282,973	299,052

For the year ending 31 December 2014 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 30 September 2015

And signed on their behalf by:
S Bruce Jones, Director

RADWAY CONTINENTAL LIMITED Registered Number SC150409

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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 amount derived from ordinary activities being amounts invoiced, excluding value added tax, except in the case of contracts for services where revenue is recognised to the extent of a right to consideration obtained by the performance of such services.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor Vehicles - 20% on cost

Other accounting policies
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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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

2Tangible fixed assets

	£
Cost
At 1 January 2014	188,697
Additions	21,348
Disposals	(6,079)
Revaluations	-
Transfers	-
At 31 December 2014	203,966
Depreciation
At 1 January 2014	157,443
Charge for the year	13,134
On disposals	(3,647)
At 31 December 2014	166,930
Net book values
At 31 December 2014	37,036
At 31 December 2013	31,254

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
70 Ordinary shares of £1 each (100 shares for 2013)	70	100