Riley & Co Limited - Limited company - abbreviated - 11.9
Riley & Co Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
RILEY & CO LIMITED (REGISTERED NUMBER: 06037496) |
Abbreviated Balance Sheet |
31 July 2015 |
31.7.15 | 31.7.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Capital redemption reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the Board of Directors on |
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 |
Plant and machinery etc | - |
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 |
AMORTISATION |
At 1 August 2014 |
Amortisation for year |
At 31 July 2015 |
NET BOOK VALUE |
At 31 July 2015 |
At 31 July 2014 |
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 |
Additions |
At 31 July 2015 |
DEPRECIATION |
At 1 August 2014 |
Charge for year |
At 31 July 2015 |
NET BOOK VALUE |
At 31 July 2015 |
At 31 July 2014 |
4. | CREDITORS |
Creditors include an amount of £ |
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 |
(31.7.14 - |
Ordinary A | £1 |
Ordinary B | £1 |
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 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |
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 |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |
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 . |