Abbreviated Company Accounts - R.K.L. LIMITED

Registered Number 01588839

R.K.L. LIMITED

Abbreviated Accounts

30 November 2016

R.K.L. LIMITED Registered Number 01588839

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	748,997	754,023
		748,997	754,023
Current assets
Stocks		540,676	401,967
Debtors		122,614	130,712
Cash at bank and in hand		145,860	170,753
		809,150	703,432
Creditors: amounts falling due within one year	3	(527,754)	(387,765)
Net current assets (liabilities)		281,396	315,667
Total assets less current liabilities		1,030,393	1,069,690
Creditors: amounts falling due after more than one year	3	(425,397)	(466,302)
Total net assets (liabilities)		604,996	603,388
Capital and reserves
Called up share capital		100	100
Revaluation reserve		570,000	570,000
Profit and loss account		34,896	33,288
Shareholders' funds		604,996	603,388

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 5 July 2017

And signed on their behalf by:
K STAFFORD, Director

R.K.L. LIMITED Registered Number 01588839

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is the invoiced value of goods

Tangible assets depreciation policy
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Tools and Equipment 20% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 December 2015	894,019
Additions	612
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	894,631
Depreciation
At 1 December 2015	139,996
Charge for the year	5,638
On disposals	-
At 30 November 2016	145,634
Net book values
At 30 November 2016	748,997
At 30 November 2015	754,023

3Creditors

	2016 £	2015 £
Secured Debts	485,061	174,018
Instalment debts due after 5 years	133,827	174,018