R S & J Limited - Period Ending 2017-02-28

R S & J Limited - Period Ending 2017-02-28


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Registration number: 03904519

R S & J Limited

trading as The Adam & Eve

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2017

 

R S & J Limited
trading as The Adam & Eve

Contents


 

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

R S & J Limited
trading as The Adam & Eve

Registration number: 03904519

Balance Sheet as at 28 February 2017

Note

2017
£

2016
£

Fixed assets

 

Tangible assets

4

28,178

32,751

Current assets

 

Stocks

5

6,500

5,620

Debtors

6

5,288

5,144

Cash at bank and in hand

 

14,041

29,718

 

25,829

40,482

Creditors: Amounts falling due within one year

7

(26,458)

(32,085)

Net current (liabilities)/assets

 

(629)

8,397

Net assets

 

27,549

41,148

Capital and reserves

 

Called up share capital

274,500

274,500

Profit and loss account

(246,951)

(233,352)

Total equity

 

27,549

41,148

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

R S & J Limited
trading as The Adam & Eve

Registration number: 03904519

Balance Sheet as at 28 February 2017 (continued)

For the financial year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 July 2017 and signed on its behalf by:
 

RE McCluskey

Director

 

R S & J Limited
trading as The Adam & Eve

Notes to the Financial Statements for the Year Ended 28 February 2017

1

General information

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
17 Bishopgate
Norwich
Norfolk
NR3 1RZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

R S & J Limited
trading as The Adam & Eve

Notes to the Financial Statements for the Year Ended 28 February 2017 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

15% Reducing balance method

Short Leasehold Improvements

5% Straight line method

Leasehold Buildings

5% Straight line method

Equipment

15% Reducing balance method

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2016 - 9).

 

R S & J Limited
trading as The Adam & Eve

Notes to the Financial Statements for the Year Ended 28 February 2017 (continued)

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 March 2016

108,288

20,691

19,058

148,037

Additions

-

2,214

-

2,214

At 28 February 2017

108,288

22,905

19,058

150,251

Depreciation

At 1 March 2016

82,498

18,525

14,263

115,286

Charge for the year

5,414

323

1,050

6,787

At 28 February 2017

87,912

18,848

15,313

122,073

Carrying amount

At 28 February 2017

20,376

4,057

3,745

28,178

At 29 February 2016

25,790

2,166

4,795

32,751

Included within the net book value of land and buildings above is £Nil (2016 - £Nil) in respect of long leasehold land and buildings and £20,376 (2016 - £25,790) in respect of short leasehold land and buildings.
 

5

Stocks

2017
£

2016
£

Other inventories

6,500

5,620

 

R S & J Limited
trading as The Adam & Eve

Notes to the Financial Statements for the Year Ended 28 February 2017 (continued)

6

Debtors

2017
£

2016
£

Trade debtors

-

44

Other debtors

5,288

5,100

Total current trade and other debtors

5,288

5,144

7

Creditors

Note

2017
£

2016
£

Due within one year

 

Trade creditors

 

11,210

12,889

Director loan account

5,880

5,827

Taxation and social security

 

6,710

9,178

Other creditors

 

2,658

4,191

 

26,458

32,085