Richard Valencia Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09717165 (England and Wales)

RICHARD VALENCIA LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD

4TH AUGUST 2015 TO 31ST AUGUST 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R. Valencia

J.A. Valencia

SECRETARY:

J.A. Valencia

REGISTERED OFFICE:

135/137, Station Road,

Chingford,

London

E4 6AG

REGISTERED NUMBER:

09717165 (England and Wales)

ACCOUNTANTS:

Findlay, Wetherfield, Scott & Co.

135/137, Station Road,

Chingford,

London

E4 6AG

BANKERS:

National Westminster Bank plc.,

88, Station Road,

Chingford,

London,

E4 7BA

FIXED ASSETS

Tangible assets

2

6,943

CURRENT ASSETS

Debtors

59,846

Cash at bank

111,366

171,212

CREDITORS

Amounts falling due within one year

80,854

NET CURRENT ASSETS

90,358

TOTAL ASSETS LESS CURRENT LIABILITIES

97,301

PROVISIONS FOR LIABILITIES

1,389

NET ASSETS

95,912

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

95,812

SHAREHOLDERS' FUNDS

95,912

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 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 19th April 2017 and were signed on its behalf by:

R. Valencia - Director

J.A. Valencia - 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 each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

Additions

9,500

At 31st August 2016

9,500

DEPRECIATION

Charge for period

2,557

At 31st August 2016

2,557

NET BOOK VALUE

At 31st August 2016

6,943

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1.00

100

100 Ordinary shares of 1.00 each were allotted and fully paid for cash at par during the period.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to the directors at the balance sheet date was £10,846.