Registered Number 04683486
ROMAN PROJECTS LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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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 assets (liabilities) |
( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
customers.
Tangible assets depreciation policy
residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
Fixtures, fittings and equipment 15% straight line
Motor vehicles 25% straight line
Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow
moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling
costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Other accounting policies
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of
certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date,
except as required by the FRSSE.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are
expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the
lease term.
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of
the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are
depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations
under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is
charged to the profit and loss account over the period of the lease and represents a constant proportion of the
balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as
tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital
element of future finance payments is included within creditors. Finance charges are allocated to accounting
periods over the length of the contract and represent a constant proportion of the balance of capital repayments
outstanding.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract
that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares
are issued, any component that creates a financial liability of the company is presented as a liability in the
balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in
the profit and loss account.
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 17,044 |
At 31 March 2014 | 1,000 |