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FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
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ROXYCO LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
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FOR |
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ROXYCO LIMITED |
ROXYCO LIMITED (REGISTERED NUMBER: 04338551) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ROXYCO LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Courtyard |
Shoreham Road |
Upper Beeding |
Steyning |
West Sussex |
BN44 3TN |
ROXYCO LIMITED (REGISTERED NUMBER: 04338551) |
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ABRIDGED BALANCE SHEET |
29TH FEBRUARY 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 5 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
ROXYCO LIMITED (REGISTERED NUMBER: 04338551) |
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ABRIDGED BALANCE SHEET - continued |
29TH FEBRUARY 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
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ROXYCO LIMITED (REGISTERED NUMBER: 04338551) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
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1. | STATUTORY INFORMATION |
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RoxyCo Limited is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net sales of goods and services, excluding value added tax. |
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Tangible fixed assets |
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Short leasehold | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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Deferred tax |
Deferred tax is recognised on all timing differences where the transactions or events that give the company an obligation to |
pay more tax in the future, have occurred by the balance sheet date. Deferred tax assets are recognised when it is more |
likely than not that they will be recovered. Deferred tax is measured using rates of tax that have been enacted or |
substantially enacted by the balance sheet date. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ROXYCO LIMITED (REGISTERED NUMBER: 04338551) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st March 2015 |
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Additions |
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At 29th February 2016 |
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DEPRECIATION |
At 1st March 2015 |
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Charge for year |
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At 29th February 2016 |
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NET BOOK VALUE |
At 29th February 2016 |
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At 28th February 2015 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
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COST |
At 1st March 2015 | 16,000 |
Additions | 77,513 |
Transfer to ownership | (16,000 | ) |
At 29th February 2016 | 77,513 |
DEPRECIATION |
At 1st March 2015 | 15,546 |
Charge for year | 1,682 |
Transfer to ownership | (16,000 | ) |
At 29th February 2016 | 1,228 |
NET BOOK VALUE |
At 29th February 2016 | 76,285 |
At 28th February 2015 | 454 |
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5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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ROXYCO LIMITED (REGISTERED NUMBER: 04338551) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Bank loans |
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Hire purchase contracts | 70,307 | 801 |
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The bank loan and overdraft are secured by a fixed and floating charge over all company property and assets. |