Richard A Young Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06542748 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Richard A Young Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Young

REGISTERED OFFICE:

4 Atterbury Avenue

Leighton Buzzard

Bedfordshire

LU7 3LE

REGISTERED NUMBER:

06542748 (England and Wales)

ACCOUNTANTS:

R A & D A Thompson

30 High Street

Leighton Buzzard

Bedfordshire

LU7 1EA

FIXED ASSETS

Intangible assets

2

67,230

72,833

Tangible assets

3

9,191

12,200

76,421

85,033

CURRENT ASSETS

Debtors

6,009

9,238

Cash at bank

1,458

7,518

7,467

16,756

CREDITORS

Amounts falling due within one
year

43,501

60,985

NET CURRENT LIABILITIES

(36,034

)

(44,229

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,387

40,804

CREDITORS

Amounts falling due after more
than one year

-

5,502

NET ASSETS

40,387

35,302

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

40,287

35,202

SHAREHOLDERS' FUNDS

40,387

35,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 May 2016 and were
signed by:

R Young - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost

convention and in accordance with applicable accounting standards.

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five 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

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

112,054

AMORTISATION

At 1 May 2015

39,221

Amortisation for year

5,603

At 30 April 2016

44,824

NET BOOK VALUE

At 30 April 2016

67,230

At 30 April 2015

72,833

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

32,430

DEPRECIATION

At 1 May 2015

20,230

Charge for year

3,009

At 30 April 2016

23,239

NET BOOK VALUE

At 30 April 2016

9,191

At 30 April 2015

12,200

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

49

Ordinary A Shares

1

49

51

Ordinary B Shares

1

51

100