Roy_Blackburn_Limited_31_Jul_2016_abbreviated_set_of_accounts.html

Roy_Blackburn_Limited_31_Jul_2016_abbreviated_set_of_accounts.html


Private Limited CompanyCompany accountstrue1 August 2015FYtruetruefalsetruetruefalsexbrli:purexbrli:sharesiso4217:GBP086159082015-07-312016-07-31086159082016-07-31086159082015-07-3108615908uk-bus:Director12015-07-312016-07-31086159082015-08-0108615908uk-bus:OrdinaryShareClass12015-07-312016-07-3108615908uk-bus:OrdinaryShareClass12014-07-312015-07-3108615908uk-bus:OrdinaryShareClass12016-07-3108615908uk-bus:OrdinaryShareClass12015-07-31
Company registration number:
08615908
Roy Blackburn Limited
Abbreviated Financial Statements
for the year ended
31 July 2016
Roy Blackburn Limited
Abbreviated Balance Sheet
31 July 2016
20162015
Note££
Fixed assets    
Tangible assets 2
990
 
556
 
Current assets    
Debtors
2,400
 
4,006
 
Cash at bank and in hand
40,118
 
30,362
 
42,518
 
34,368
 
Creditors: amounts falling due within one year 3
(24,438
)
(15,331
)
Net current assets
18,080
 
19,037
 
Total assets less current liabilities
19,070
 
19,593
 
Provision for liabilities
(198
)
(111
)
Net assets
18,872
 
19,482
 
Capital and reserves    
Called up share capital 4
100
 
100
 
Profit and loss account
18,772
 
19,382
 
Shareholders funds
18,872
 
19,482
 
For the year ending
31 July 2016
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These abbreviated financial statements were approved by the board of directors and authorised for issue on
27 April 2017
, and are signed on behalf of the board by:
Mr Roy Blackburn
Director
Company registration number:
08615908
Roy Blackburn Limited
Notes to the Abbreviated Accounts
Year ended
31 July 2016

1 Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the seller obtains the right to consideration in exchange for its performance, usually on dispatch of the goods.

Current tax

Current tax is recognised in the profit and loss account, except to the extent that it is attributable to a gain or loss that has been recognised directly in the statement of total recognised gains or losses. In this case, tax is recognised in this statement. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment25% Reducing balance basis

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the balance sheet date.

Provision for liabilities

Provisions are recognised when it is probable that a present obligation exists, as a result of a past event, and a transfer of economic benefits is required in settlement that can be estimated reliably. Provisions are recorded at the best estimate of the expenditure required to settle the obligation at the balance sheet date. A review is carried out at each balance sheet date and the amount adjusted to reflect the current best estimate. Where discounting is used, the unwinding of the discount is recognised as a finance cost in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for according to the substance of contractual arrangements, as either financial assets, financial liabilities or equity instruments.

Operating leases

Leases are classified as operating leases where substantially all the benefits of ownerships remain with the lessor. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

2 Tangible assets

£
Cost  
At
1 August 2015
741
 
Additions
764
 
At
31 July 2016
1,505
 
Depreciation  
At
1 August 2015
185
 
Charge
330
 
At
31 July 2016
515
 
Net book value  
At
31 July 2016
990
 
At 31 July 2015
556
 

3 Creditors: amounts falling due within one year

4 Called up share capital

Allotted, called up and fully paid

20162015
No.£No.£
£1.00 Ordinary Shares
shares of £​
1.00
each
100
 
100
 
100
 
100