For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03529024
Robin Hood Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Robin Hood Limited
Chartered Accountants' Report
For the year ended 31 March 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Robin Hood Limited for the year ended
31
March
2016
which comprise the Profit and Loss Account
,
|
the Balance Sheet and the related notes from the company
'
s accounting records and from information and
|
explanations you have given us
.
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As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its
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ethical and other professional requirements which are detailed at icaew
.
com
/
membershandbook
.
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This report is made solely to the Board of Directors of Robin Hood Limited
,
as a body
,
in accordance with the terms
|
of our engagement letter dated
14
June
2011
.
Our work has been undertaken solely to prepare for your approval
|
the accounts of Robin Hood Limited and state those matters that we have agreed to state to the Board of Directors
|
of Robin Hood Limited
,
as a body
,
in this report in accordance with AAF
2
/
10
as detailed at icaew
.
com
/
compilation
.
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To the fullest extent permitted by law
,
we do not accept or assume responsibility to anyone other than Robin Hood
|
Limited and its Board of Directors as a body for our work or for this report
.
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It is your duty to ensure that Robin Hood Limited has kept adequate accounting records to prepare statutory
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accounts that give a true and fair view of the assets
,
liabilities
,
financial position and loss of Robin Hood Limited
.
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You consider that Robin Hood Limited is exempt from the statutory audit requirement for the year
.
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We have not been instructed to carry out an audit or a review of the accounts of Robin Hood Limited
.
For this
|
reason
,
we have not verified the accuracy or completeness of the accounting records or information and
|
explanations you have given to us and we do not
,
therefore
,
express any opinion on the statutory accounts
.
|
Jon Dawson & Co Limited
Unit C17 Kestrel Business Centre
Private Road 2, Colwick Industrial Estate
Nottingham
NG4 2JR
19 December 2016
1 of 4
Notes to the Abbreviated Financial Statements
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Robin Hood Limited
For the year ended 31 March 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Computer Equipment
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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8,900
8,900
8,440
168
Charge for year
8,608
292
460
3 of 4
Notes to the Abbreviated Financial Statements
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Robin Hood Limited
For the year ended 31 March 2016
Allotted called up and fully paid
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2016
2015
100
Ordinary shares of £
1
.
00
each
|
100
100
100
100
Mr M K Douglas
Loan
5,172
-
-
5,172
-
5,172
-
-
5,172
-
The following advances and credits to a director subsisted during the year ended 31 March 2015. Year ended 31 March 2015 Mr Michael Douglas Balance outstanding at start of period (5,176) Amounts advanced Amounts repaid Balance outstanding at end of period (5,176)
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4 of 4