Abbreviated Company Accounts - R.K.L. LIMITED

Registered Number 01588839

R.K.L. LIMITED

Abbreviated Accounts

30 November 2015

R.K.L. LIMITED Registered Number 01588839

Abbreviated Balance Sheet as at 30 November 2015

	Notes	30/11/2015	31/05/2014
		£	£
Fixed assets
Tangible assets	2	754,023	765,135
		754,023	765,135
Current assets
Stocks		401,967	323,485
Debtors		130,712	267,389
Cash at bank and in hand		170,753	118,609
		703,432	709,483
Creditors: amounts falling due within one year		(387,765)	(400,005)
Net current assets (liabilities)		315,667	309,478
Total assets less current liabilities		1,069,690	1,074,613
Creditors: amounts falling due after more than one year		(466,302)	(532,364)
Total net assets (liabilities)		603,388	542,249
Capital and reserves
Called up share capital		100	100
Revaluation reserve		570,000	570,000
Profit and loss account		33,288	(27,851)
Shareholders' funds		603,388	542,249

For the year ending 30 November 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 10 February 2016

And signed on their behalf by:
Keith Stafford, Director

R.K.L. LIMITED Registered Number 01588839

Notes to the Abbreviated Accounts for the period ended 30 November 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost of Fixed Assets over their expected useful lives on the following bases :
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
Tools & Equipment 20% Reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2014	893,586
Additions	433
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	894,019
Depreciation
At 1 June 2014	128,451
Charge for the year	11,545
On disposals	-
At 30 November 2015	139,996
Net book values
At 30 November 2015	754,023
At 31 May 2014	765,135

The historical cost of freehold land and buildings included above at a value of £730,000 was £160,000.