Reid Painting & Decorating Limited - Limited company - abbreviated - 11.6

Reid Painting & Decorating Limited - Limited company - abbreviated - 11.6


NI0453591.4.1331.3.1431.3.14Company accountsPrivate Limited CompanyFYtruefalsetruefalsetruefalsefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureNI0453592013-03-31NI0453592014-03-31NI0453592013-04-012014-03-31NI0453592012-03-31NI0453592012-04-012013-03-31NI0453592013-03-31NI045359ns12:NorthernIreland2013-04-012014-03-31NI045359ns14:PoundSterling2013-04-012014-03-31NI045359ns7:Director12013-04-012014-03-31NI045359ns7:OrdinaryShareClass12013-04-012014-03-31NI045359ns7:CompanySecretary2013-04-012014-03-31NI045359ns7:RegisteredOffice2013-04-012014-03-31NI045359ns7:EntityAccountantsOrAuditors2013-04-012014-03-31NI045359ns7:EntityBankers2013-04-012014-03-31NI045359ns5:PlantMachinery2013-04-012014-03-31NI045359ns5:MotorVehicles2013-04-012014-03-31NI045359ns5:ComputerEquipment2013-04-012014-03-31NI045359ns7:OrdinaryShareClass12014-03-31NI045359ns7:OrdinaryShareClass12013-03-31
REGISTERED NUMBER: NI045359(Northern Ireland)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Reid Painting & Decorating Limited

Reid Painting & Decorating Limited (Registered number: NI045359)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Reid Painting & Decorating Limited

Company Information
for the Year Ended 31 March 2014







DIRECTOR: J Reid



SECRETARY: Mrs M P Reid



REGISTERED OFFICE: 18 Market Road
Ballymena
BT43 6EL



REGISTERED NUMBER: NI045359(Northern Ireland)



ACCOUNTANTS: J A McNicholl & Company Limited
18 Market Road
Ballymena
BT43 6EL



BANKERS: First Trust Bank
78 Wellington Street
Ballymena
BT43 6AF

Reid Painting & Decorating Limited (Registered number: NI045359)

Abbreviated Balance Sheet
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 10,000 10,000
Tangible assets 3 24,239 27,170
34,239 37,170

CURRENT ASSETS
Stocks 15,800 17,020
Debtors - 4,221
Cash at bank and in hand 3,111 (221 )
18,911 21,020
CREDITORS
Amounts falling due within one year 50,872 51,530
NET CURRENT LIABILITIES (31,961 ) (30,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,278

6,660

CREDITORS
Amounts falling due after more than
one year

1,118

3,801
NET ASSETS 1,160 2,859

Reid Painting & Decorating Limited (Registered number: NI045359)

Abbreviated Balance Sheet - continued
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 300 300
Profit and loss account 860 2,559
SHAREHOLDERS' FUNDS 1,160 2,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 May 2014and were signed by:





J Reid- Director


Reid Painting & Decorating Limited (Registered number: NI045359)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

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 April 2008).

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 10,000
NET BOOK VALUE

At 31 March 2014 10,000
At 31 March 2013 10,000

Reid Painting & Decorating Limited (Registered number: NI045359)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 45,979
DEPRECIATION
At 1 April 2013 18,809
Charge for year 2,931
At 31 March 2014 21,740
NET BOOK VALUE
At 31 March 2014 24,239
At 31 March 2013 27,170

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
300 Ordinary £1 300 300