R & O Lane Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05877361 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

R & O Lane Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

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 2016 and were signed on its behalf by:

R Lane - Director

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