Abbreviated Company Accounts - ROTEC DEVELOPMENTS LIMITED

ROTEC DEVELOPMENTS LIMITED - Company Information

04091867 ROTEC DEVELOPMENTS LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 04091867 2015-05-01 2016-04-30 04091867 2016-04-30 04091867 2015-04-30 04091867 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 04091867 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 04091867

ROTEC DEVELOPMENTS LIMITED

Abbreviated Accounts

30 April 2016

ROTEC DEVELOPMENTS LIMITED Registered Number 04091867

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	1,196,010	1,281,418
Investments	3	100	-
		1,196,110	1,281,418
Current assets
Stocks		-	-
Debtors		420,873	470,094
Investments		-	-
Cash at bank and in hand		192,590	73,373
		613,463	543,467
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	4	(247,009)	(359,979)
Net current assets (liabilities)		366,454	183,488
Total assets less current liabilities		1,562,564	1,464,906
Creditors: amounts falling due after more than one year	4	(664,301)	(597,302)
Provisions for liabilities		(5,108)	(5,871)
Accruals and deferred income		0	0
Total net assets (liabilities)		893,155	861,733
Capital and reserves
Called up share capital	5	1	1
Share premium account		0	0
Revaluation reserve		515,377	526,581
Other reserves		0	0
Profit and loss account		377,777	335,151
Shareholders' funds		893,155	861,733

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 directors acknowledge their 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 Board on 24 January 2017

And signed on their behalf by:
Mr P R Bultler, Director

ROTEC DEVELOPMENTS LIMITED Registered Number 04091867

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Freehold property - 2% on cost, land not depreciated
Plant and machinery - 15% on reducing balance

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences are differences between the taxable profits and the results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

A net deferred tax asset is regarded as recoverable and therefore recognised only when it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences can be deducted.

Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding agreement to sell the revalued assets and the assets have been revalued to selling price. Neither is deferred tax recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, being charged to tax only if and when replacement assets are sold.

Deferred tax is measured at the average rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

2Tangible fixed assets

	£
Cost
At 1 May 2015	1,478,882
Additions	23,974
Disposals	(80,000)
Revaluations	-
Transfers	-
At 30 April 2016	1,422,856
Depreciation
At 1 May 2015	197,464
Charge for the year	29,382
On disposals	-
At 30 April 2016	226,846
Net book values
At 30 April 2016	1,196,010
At 30 April 2015	1,281,418

3Fixed assets Investments
The company's investments at the Balance Sheet date in share capital of companies include the following:

Associated company

Rotec Property Limited
Nature of business: Property
100% of ordinary shares held - Cost £100

4Creditors

	2016 £	2015 £
Secured Debts	763,438	751,648

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1