Roses of Anlaby Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07973498 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

ROSES OF ANLABY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S M Rose

Mrs D E Rose

REGISTERED OFFICE:

38 Hull Road

Anlaby

Hull

HU10 6UA

REGISTERED NUMBER:

07973498 (England and Wales)

ACCOUNTANTS:

Sowerby FRS LLP

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Intangible assets

2

34,000

36,000

Tangible assets

3

261,230

47,979

295,230

83,979

CURRENT ASSETS

Stocks

1,450

1,400

Debtors

155

6,524

Cash at bank and in hand

35,608

26,995

37,213

34,919

CREDITORS

Amounts falling due within one year

4

66,201

63,500

NET CURRENT LIABILITIES

(28,988

)

(28,581

)

TOTAL ASSETS LESS CURRENT LIABILITIES

266,242

55,398

CREDITORS

Amounts falling due after more than one year

4

(206,154

)

(8,679

)

PROVISIONS FOR LIABILITIES

(3,034

)

(3,550

)

NET ASSETS

57,054

43,169

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

56,054

42,169

SHAREHOLDERS' FUNDS

57,054

43,169

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 2 November 2015 and were signed on its behalf by:

S M Rose - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the

going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material

uncertainties related to events or conditions that may cast significant doubt about the ability of the company to

continue as a going concern.

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 a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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.

Land and buildings

-

5% on cost

Plant and machinery etc

-

25% on cost and 15% on cost

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

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

40,000

AMORTISATION

At 1 April 2014

4,000

Amortisation for year

2,000

At 31 March 2015

6,000

NET BOOK VALUE

At 31 March 2015

34,000

At 31 March 2014

36,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

71,561

Additions

233,222

At 31 March 2015

304,783

DEPRECIATION

At 1 April 2014

23,582

Charge for year

19,971

At 31 March 2015

43,553

NET BOOK VALUE

At 31 March 2015

261,230

At 31 March 2014

47,979

4.

CREDITORS

Creditors include an amount of £ 226,296 (2014 - £ 11,494 ) for which security has been given.

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

2015

2014

£

£

Repayable by instalments

155,403

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a loan to the company from the director, S M Rose. The balance outstanding at

31 March 2015 was £10748 (2014 £17,651).

The loan was made on an interest free basis and is repayable on demand.

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, S M Rose and Mrs D E Rose, as between them they hold

100% of the issued ordinary share capital.