RPG Sign Hire Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 01337687 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2016

for

RPG Sign Hire Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Colwell

B D Colwell

A J White

I White

J R Hunt

E Hunt

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

BUSINESS ADDRESS:

The Coach House

St Stephen's Road

West Drayton

Middlesex

UB7 7RL

REGISTERED NUMBER:

01337687 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Tangible assets

2

921,242

934,090

CURRENT ASSETS

Stocks

29,314

24,805

Debtors

293,582

244,375

Cash at bank and in hand

35,606

31,833

358,502

301,013

CREDITORS

Amounts falling due within one year

3

(470,787

)

(380,421

)

NET CURRENT LIABILITIES

(112,285

)

(79,408

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

808,957

854,682

CREDITORS

Amounts falling due after more than one
year

3

(267,688

)

(302,778

)

PROVISIONS FOR LIABILITIES

(21,048

)

(20,285

)

NET ASSETS

520,221

531,619

CAPITAL AND RESERVES

Called up share capital

4

21,099

Revaluation reserve

328,056

Profit and loss account

171,066

182,464

SHAREHOLDERS' FUNDS

520,221

531,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 9 February 2017 and were signed on its behalf by:

R Colwell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost or valuation

At 1 December 2015

1,085,738

Additions

43,664

Disposals

(14,424

)

At 30 November 2016

1,114,978

Depreciation

At 1 December 2015

151,648

Charge for year

48,398

Eliminated on disposal

(6,310

)

At 30 November 2016

193,736

Net book value

At 30 November 2016

921,242

At 30 November 2015

934,090

3.

CREDITORS

Creditors include an amount of £ 270,169 (30/11/15 - £ 290,189 ) for which security has been given.

They also include the following debts falling due in more than five years:

30/11/16

30/11/15

£

Repayable by instalments

12,523

49,847

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/16

30/11/15

value:

£

20,999

Ordinary

£1

20,999

100

Preference

£1

100

21,099