Abbreviated Company Accounts - THE ROBINSON WHITE PARTNERSHIP LIMITED

Abbreviated Company Accounts - THE ROBINSON WHITE PARTNERSHIP LIMITED


Registered Number 04034283

THE ROBINSON WHITE PARTNERSHIP LIMITED

Abbreviated Accounts

30 April 2015

THE ROBINSON WHITE PARTNERSHIP LIMITED Registered Number 04034283

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 300,000 337,500
Tangible assets 3 10,543 5,487
310,543 342,987
Current assets
Stocks 20,000 15,000
Debtors 308,364 308,677
Cash at bank and in hand 226,787 224,124
555,151 547,801
Creditors: amounts falling due within one year (219,829) (253,950)
Net current assets (liabilities) 335,322 293,851
Total assets less current liabilities 645,865 636,838
Creditors: amounts falling due after more than one year (15,523) (33,523)
Provisions for liabilities (1,322) (125)
Total net assets (liabilities) 629,020 603,190
Capital and reserves
Called up share capital 4 1,000 1,000
Share premium account 628,020 602,190
Shareholders' funds 629,020 603,190
  • For the year ending 30 April 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 23 December 2015

And signed on their behalf by:
Mr P D Robinson, Director

THE ROBINSON WHITE PARTNERSHIP LIMITED Registered Number 04034283

Notes to the Abbreviated Accounts for the period ended 30 April 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Motor Vehicles - 25% written down value
Equipment - 20% on cost

Intangible assets amortisation policy
Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.


Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Goodwill - over 20 years

Other accounting policies
Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.


Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.

Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.


Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.


Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2Intangible fixed assets
£
Cost
At 1 May 2014 750,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2015 750,000
Amortisation
At 1 May 2014 412,500
Charge for the year 37,500
On disposals -
At 30 April 2015 450,000
Net book values
At 30 April 2015 300,000
At 30 April 2014 337,500
3Tangible fixed assets
£
Cost
At 1 May 2014 54,696
Additions 8,616
Disposals -
Revaluations -
Transfers -
At 30 April 2015 63,312
Depreciation
At 1 May 2014 49,209
Charge for the year 3,560
On disposals -
At 30 April 2015 52,769
Net book values
At 30 April 2015 10,543
At 30 April 2014 5,487
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
370Ordinary A shares of £1 each 370 370
370Ordinary B shares of £1 each 370 370
200Ordinary C shares of £1 each 200 200
60Ordinary D shares of £1 each 60 60