Geoff Rigby & Son Commercials Limited - Abbreviated accounts 16.3

Geoff Rigby & Son Commercials Limited - Abbreviated accounts 16.3

GEOFF RIGBY & SON COMMERCIALS LIMITED - Company Information

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07178194 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 A Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure071781942015-03-31071781942016-03-31071781942015-04-012016-03-31071781942014-03-31071781942014-04-012015-03-31071781942015-03-3107178194ns12:England2015-04-012016-03-3107178194ns14:PoundSterling2015-04-012016-03-3107178194ns7:Director12015-04-012016-03-3107178194ns7:OrdinaryShareClass12015-04-012016-03-3107178194ns7:OrdinaryShareClass22015-04-012016-03-3107178194ns5:PlantMachinery2015-04-012016-03-3107178194ns5:FixturesFittings2015-04-012016-03-3107178194ns7:OrdinaryShareClass12016-03-3107178194ns7:OrdinaryShareClass12015-03-3107178194ns7:OrdinaryShareClass22016-03-3107178194ns7:OrdinaryShareClass22015-03-31
REGISTERED NUMBER: 07178194 (England and Wales)


























ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

GEOFF RIGBY & SON COMMERCIALS LIMITED

GEOFF RIGBY & SON COMMERCIALS LIMITED (REGISTERED NUMBER: 07178194)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

GEOFF RIGBY & SON COMMERCIALS LIMITED (REGISTERED NUMBER: 07178194)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 7,062 8,524

CURRENT ASSETS
Stocks 46,863 38,824
Debtors 4,228 600
Cash at bank 5,982 13,268
57,073 52,692
CREDITORS
Amounts falling due within one year 61,854 57,772
NET CURRENT LIABILITIES (4,781 ) (5,080 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,281
3,444

CAPITAL AND RESERVES
Called up share capital 3 500 500
Profit and loss account 1,781 2,944
SHAREHOLDERS' FUNDS 2,281 3,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 16 November 2016 and were signed on its behalf by:





Mrs L J Rigby - Director


The notes form part of these abbreviated accounts

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GEOFF RIGBY & SON COMMERCIALS LIMITED (REGISTERED NUMBER: 07178194)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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 January 2015).

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.

Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 12,253
DEPRECIATION
At 1 April 2015 3,729
Charge for year 1,462
At 31 March 2016 5,191
NET BOOK VALUE
At 31 March 2016 7,062
At 31 March 2015 8,524

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
400 Ordinary 1 400 400
100 A Ordinary 1 100 100
500 500

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