RBS Engineering Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06027664 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

RBS ENGINEERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTORS:

RW Burton

B J Sofrin

SECRETARY:

Mrs A Burton

REGISTERED OFFICE:

21 Market Place

Dereham

Norfolk

NR19 2AX

REGISTERED NUMBER:

06027664 (England and Wales)

ACCOUNTANTS:

Haworth & Co Limited

21 Market Place

Dereham

Norfolk

NR19 2AX

FIXED ASSETS

Tangible assets

2

8,822

11,849

CURRENT ASSETS

Stocks

10,226

8,690

Debtors

16,793

20,926

Cash at bank and in hand

23,665

10,570

50,684

40,186

CREDITORS

Amounts falling due within one year

42,918

49,313

NET CURRENT ASSETS/(LIABILITIES)

7,766

(9,127

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,588

2,722

PROVISIONS FOR LIABILITIES

1,736

2,316

NET ASSETS

14,852

406

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

14,752

306

SHAREHOLDERS' FUNDS

14,852

406

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 March 2016 and were signed on its behalf by:

RW Burton - Director

B J Sofrin - Director

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, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

40,535

DEPRECIATION

At 1 January 2015

28,686

Charge for year

3,027

At 31 December 2015

31,713

NET BOOK VALUE

At 31 December 2015

8,822

At 31 December 2014

11,849

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/15

31/12/14

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of RBS Engineering Limited for the year ended 31 December 2015 which comprise

the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of RBS Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RBS Engineering Limited and state those matters that we have agreed to state to the Board of Directors of RBS Engineering Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RBS Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RBS Engineering Limited. You consider that RBS Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RBS Engineering

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the

statutory financial statements.

Haworth & Co Limited

21 Market Place

Dereham

Norfolk

NR19 2AX

30 March 2016