R & O Lane Limited - Abbreviated accounts 16.3

R & O Lane Limited - Abbreviated accounts 16.3


058773611.8.1531.7.1631.7.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure058773612015-07-31058773612016-07-31058773612015-08-012016-07-31058773612014-07-31058773612014-08-012015-07-31058773612015-07-3105877361ns12:England2015-08-012016-07-3105877361ns14:PoundSterling2015-08-012016-07-3105877361ns7:Director12015-08-012016-07-3105877361ns7:OrdinaryShareClass12015-08-012016-07-3105877361ns7:Director22015-08-012016-07-3105877361ns7:CompanySecretary2015-08-012016-07-3105877361ns7:RegisteredOffice2015-08-012016-07-3105877361ns7:EntityAccountantsOrAuditors2015-08-012016-07-3105877361ns7:OrdinaryShareClass12016-07-3105877361ns7:OrdinaryShareClass12015-07-31
REGISTERED NUMBER: 05877361(England and Wales)














Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

R & O Lane Limited

R & O Lane Limited (Registered number: 05877361)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

R & O Lane Limited

Company Information
for the Year Ended 31 July 2016







DIRECTORS: R Lane
Mrs O Lane





SECRETARY: R Lane





REGISTERED OFFICE: 29 High Street
Bentley
Doncaster
South Yorkshire
DN5 0AA





REGISTERED NUMBER: 05877361(England and Wales)





ACCOUNTANTS: Thieme & Co
18 Thorne Road
Doncaster
South Yorkshire
DN1 2HS

R & O Lane Limited (Registered number: 05877361)

Abbreviated Balance Sheet
31 July 2016

31.7.16 31.7.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 155,124 129,334

CURRENT ASSETS
Stocks 796 796
Debtors 289,652 242,262
Cash at bank 60,208 78,428
350,656 321,486
CREDITORS
Amounts falling due within one year 58,098 55,382
NET CURRENT ASSETS 292,558 266,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,682

395,438

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 447,680 395,436
SHAREHOLDERS' FUNDS 447,682 395,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 10 November 2016and were signed on its behalf
by:





R Lane- Director


R & O Lane Limited (Registered number: 05877361)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 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.

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


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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 471,547
Additions 90,869
Disposals (103,106 )
At 31 July 2016 459,310
DEPRECIATION
At 1 August 2015 342,213
Charge for year 39,412
Eliminated on disposal (77,439 )
At 31 July 2016 304,186
NET BOOK VALUE
At 31 July 2016 155,124
At 31 July 2015 129,334

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.16 31.7.15
value: £    £   
2 Ordinary £1 2 2