Sutcliffe Reynolds Fitzgerald Limited - Abbreviated accounts 16.3

Sutcliffe Reynolds Fitzgerald Limited - Abbreviated accounts 16.3


018947441.4.1531.3.1631.3.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure018947442015-03-31018947442016-03-31018947442015-04-012016-03-31018947442014-03-31018947442014-04-012015-03-31018947442015-03-3101894744ns12:England2015-04-012016-03-3101894744ns14:PoundSterling2015-04-012016-03-3101894744ns7:Director12015-04-012016-03-3101894744ns7:OrdinaryShareClass12015-04-012016-03-3101894744ns7:CompanySecretary2015-04-012016-03-3101894744ns7:RegisteredOffice2015-04-012016-03-3101894744ns7:EntityAccountantsOrAuditors2015-04-012016-03-3101894744ns5:FixturesFittings2015-04-012016-03-3101894744ns5:MotorVehicles2015-04-012016-03-3101894744ns7:OrdinaryShareClass12016-03-3101894744ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 01894744(England and Wales)




ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

SUTCLIFFE REYNOLDS FITZGERALD LIMITED

SUTCLIFFE REYNOLDS FITZGERALD LIMITED (REGISTERED NUMBER: 01894744)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SUTCLIFFE REYNOLDS FITZGERALD LIMITED

COMPANY INFORMATION
for the year ended 31 March 2016







DIRECTOR: J F Sutcliffe





SECRETARY: Mrs M Sutcliffe





REGISTERED OFFICE: The Malthouse
William Street
Leamington Spa
Warwickshire
CV32 4HY





REGISTERED NUMBER: 01894744(England and Wales)





ACCOUNTANTS: LDP Luckmans
Chartered Accountants
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

SUTCLIFFE REYNOLDS FITZGERALD LIMITED (REGISTERED NUMBER: 01894744)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 29,409 32,935

CURRENT ASSETS
Stocks 816 14,484
Debtors 80,062 107,509
Investments 188 188
Cash at bank and in hand 227 57,954
81,293 180,135
CREDITORS
Amounts falling due within one year 78,032 116,599
NET CURRENT ASSETS 3,261 63,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,670

96,471

CAPITAL AND RESERVES
Called up share capital 3 8,167 8,167
Capital redemption reserve 12,833 12,833
Profit and loss account 11,670 75,471
SHAREHOLDERS' FUNDS 32,670 96,471

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 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 19 December 2016and were signed by:





J F Sutcliffe- Director


SUTCLIFFE REYNOLDS FITZGERALD LIMITED (REGISTERED NUMBER: 01894744)

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, except in respect of
service contracts where turnover is recognised when the company obtains the right to consideration.

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

Fixtures and fittings - 50% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the
transactions. Resulting exchange gains and losses are charged in the profit and loss account as they
arise.


SUTCLIFFE REYNOLDS FITZGERALD LIMITED (REGISTERED NUMBER: 01894744)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 March 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 129,312
Additions 6,806
Disposals (11,349 )
At 31 March 2016 124,769
DEPRECIATION
At 1 April 2015 96,377
Charge for year 9,402
Eliminated on disposal (10,419 )
At 31 March 2016 95,360
NET BOOK VALUE
At 31 March 2016 29,409
At 31 March 2015 32,935

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
8,167 Ordinary £1 8,167 8,167