Company Registration No. 07998004 (England and Wales)
ROWLINSON MOTORING SOLUTIONS (RMS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ROWLINSON MOTORING SOLUTIONS (RMS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ROWLINSON MOTORING SOLUTIONS (RMS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
324
390
Current assets
Stocks
77,210
28,833
Debtors
68,129
15,892
Cash at bank and in hand
8,947
7,643
154,286
52,368
Creditors: amounts falling due within one year
(139,563)
(6,048)
Net current assets
14,723
46,320
Total assets less current liabilities
15,047
46,710
Capital and reserves
Called up share capital
3
4
1
Profit and loss account
15,043
46,709
Shareholders' funds
15,047
46,710
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 December 2016
A.J. Rowlinson
Director
Company Registration No. 07998004
ROWLINSON MOTORING SOLUTIONS (RMS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
Fixtures, fittings & equipment
10% straight line
Motor vehicles
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
1,742
Depreciation
At 1 April 2015
1,352
Charge for the year
66
At 31 March 2016
1,418
Net book value
At 31 March 2016
324
At 31 March 2015
390
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4 Ordinary of £1 each
4
1
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