Daniel Rinsler & Co Limited
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For the year ended 30 September 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04499735
Daniel Rinsler & Co Limited
For the year ended 30 September 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
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Daniel Rinsler & Co Limited
2016
2015
2
8,267
10,078
8,267
10,078
113,443
76,085
24,630
68,146
100,715
181,589
Creditors
:
amounts falling due within one year
|
(54,095)
(28,609)
127,494
72,106
Net current assets
Total assets less current liabilities
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80,373
137,572
(1,653)
(2,016)
Provisions for liabilities
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78,720
Net assets
135,556
100
3
100
78,620
135,456
78,720
135,556
Shareholders funds
For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 30 May 2017
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Signed on behalf of the board of directors
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1 of 3
Notes to the Abbreviated Financial Statements
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Daniel Rinsler & Co Limited
For the year ended 30 September 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
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Contributions payable are charged to the profit and loss account in the period in which they are payable
.
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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.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
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by the shareholders prior to the balance sheet date
.
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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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Fixtures and Fittings
20% and 30% Reducing balance
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2 of 3
Notes to the Abbreviated Financial Statements
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Daniel Rinsler & Co Limited
For the year ended 30 September 2016
49,364
1,597
50,961
39,286
3,408
Charge for year
42,694
8,267
10,078
Allotted called up and fully paid
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2016
2015
100
Ordinary shares of £
1
.
00
each
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100
100
100
100
D P Rinsler
Director's Loan account
-
104,683
106,548
-
1,865
-
104,683
106,548
0
1865
The loan was unsecured and repayable on demand. Interest was paid at the rate of 3% until 31 August 2016 and at the rate of 2.75% from 1 September 2016.
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3 of 3