Riley & Co Limited - Limited company - abbreviated - 11.9

Riley & Co Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 06037496 (England and Wales)













Abbreviated Unaudited Accounts

for the Year Ended 31 July 2015

for

RILEY & CO LIMITED

RILEY & CO LIMITED (REGISTERED NUMBER: 06037496)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

RILEY & CO LIMITED

Company Information
for the Year Ended 31 July 2015







DIRECTORS: S J Walton
Mrs V J Atkinson





SECRETARY: S J Walton





REGISTERED OFFICE: 52 St Johns Lane
Halifax
West Yorkshire
HX1 2BW





REGISTERED NUMBER: 06037496 (England and Wales)





ACCOUNTANTS: Riley & Co Limited
Chartered Accountants
52 St Johns Lane
Halifax
West Yorkshire
HX1 2BW

RILEY & CO LIMITED (REGISTERED NUMBER: 06037496)

Abbreviated Balance Sheet
31 July 2015

31.7.15 31.7.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 431,622 467,250
Tangible assets 3 31,895 29,121
463,517 496,371

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 318,633 333,385
Cash in hand 101 155
321,734 336,540
CREDITORS
Amounts falling due within one year 4 293,173 294,878
NET CURRENT ASSETS 28,561 41,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,078

538,033

CREDITORS
Amounts falling due after more than one
year

4

(266,706
)
(317,723
)

PROVISIONS FOR LIABILITIES (5,186 ) (4,370 )
NET ASSETS 220,186 215,940

CAPITAL AND RESERVES
Called up share capital 5 200 200
Capital redemption reserve 100 100
Profit and loss account 219,886 215,640
SHAREHOLDERS' FUNDS 220,186 215,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 5 January 2016 and were signed on its behalf by:




Mrs V J Atkinson - Director


RILEY & CO LIMITED (REGISTERED NUMBER: 06037496)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2015

1. ACCOUNTING POLICIES

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 and services, excluding value added tax.

Goodwill
Goodwill was acquired as follows:

In 2007 on incorporation£643,000
In 2009 on acquisition of a business£63,000
In 2010 on acquisition of a block of fees£5,772

Goodwill is being amortised evenly over its estimated useful life of 20 years.

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

Plant and machinery etc - 20% 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.

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.

Debtors
Work in progress is valued at selling price in accordance with UIFT40. It is included in 'Sales' in the profit and
loss account and in 'Debtors' in the balance sheet.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014
and 31 July 2015 712,572
AMORTISATION
At 1 August 2014 245,322
Amortisation for year 35,628
At 31 July 2015 280,950
NET BOOK VALUE

At 31 July 2015 431,622
At 31 July 2014 467,250

RILEY & CO LIMITED (REGISTERED NUMBER: 06037496)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014 90,858
Additions 11,410
At 31 July 2015 102,268
DEPRECIATION
At 1 August 2014 61,737
Charge for year 8,636
At 31 July 2015 70,373
NET BOOK VALUE
At 31 July 2015 31,895
At 31 July 2014 29,121

4. CREDITORS

Creditors include an amount of £ 257,005 (31.7.14 - £ 284,022 ) for which security has been given.

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

31.7.15 31.7.14
£    £   
Repayable by instalments 125,509 152,526

5. CALLED UP SHARE CAPITAL

**ERROR - CONFLICTS FOUND BETWEEN POSTINGS AND SHARE REGISTER - PLEASE REVIEW EXCEPTION
REPORT (EXR).


Allotted, issued and fully paid:
Number: Class: Nominal 31.7.15 31.7.14
value: £    £   
NIL Ordinary £1 200 200
(31.7.14 - 200 )
50 Ordinary A £1 - -
50 Ordinary B £1 - -
100 Ordinary C £1 - -
200 200

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2015 and
31 July 2014:

31.7.15 31.7.14
£    £   
S J Walton
Balance outstanding at start of year 23,643 3,100
Amounts advanced 59,839 73,072
Amounts repaid (60,000 ) (52,529 )
Balance outstanding at end of year 23,482 23,643

RILEY & CO LIMITED (REGISTERED NUMBER: 06037496)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2015

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs V J Atkinson
Balance outstanding at start of year 18,871 (1,598 )
Amounts advanced 56,599 70,320
Amounts repaid (60,000 ) (49,851 )
Balance outstanding at end of year 15,470 18,871

7. RELATED PARTY DISCLOSURES

The company operates from premises owned by the Directors. They were paid a commercial rent of £39,000
(£39,000 - 2014) for the year. During the year the company paid interim dividends of £120,000 (£77,448 - 2014)
to the directors and their spouses .