RSM Projects Ltd - Period Ending 2016-04-30

Registration number: 04962961

RSM Projects Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Beever and Struthers
Chartered Accountants
St George's House
215-219 Chester Road
Manchester
Lancashire
M15 4JE

RSM Projects Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

RSM Projects Ltd
(Registration number: 04962961)
Abbreviated Balance Sheet at 30 April 2016

 

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					3,730			4,517
Current assets
Debtors					1,258			-
Cash at bank and in hand					1,580			1,046
					2,838			1,046
Creditors: Amounts falling due within one year					(33,261)			(19,316)
Net current liabilities					(30,423)			(18,270)
Net liabilities					(26,693)			(13,753)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(26,695)			(13,755)
Shareholders' deficit					(26,693)			(13,753)

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 26 January 2017

......................................... Mr R S Mortimer Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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RSM Projects Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	15% reducing balance
Motor vehicles	25% reducing balance
Equipment	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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RSM Projects Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		19,917			19,917
At 30 April 2016		19,917			19,917
Depreciation
At 1 May 2015		15,400			15,400
Charge for the year		787			787
At 30 April 2016		16,187			16,187
Net book value
At 30 April 2016		3,730			3,730
At 30 April 2015		4,517			4,517

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1
Ordinary B of £1 each		1			1			1			1
		2			2			2			2

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