REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Accounts |
|
for the Period 1 February 2014 to 31 March 2015 |
|
for |
|
Dave Rayner Cycle Sport Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Accounts |
|
for the Period 1 February 2014 to 31 March 2015 |
|
for |
|
Dave Rayner Cycle Sport Limited |
Dave Rayner Cycle Sport Limited (Registered number: 06048829) |
|
|
|
|
|
|
Contents of the Abbreviated Accounts |
for the Period 1 February 2014 to 31 March 2015 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Chartered Accountants' Report | 2 |
|
Abbreviated Balance Sheet | 3 |
|
Notes to the Abbreviated Accounts | 5 |
Dave Rayner Cycle Sport Limited |
|
Company Information |
for the Period 1 February 2014 to 31 March 2015 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
|
|
|
|
|
|
|
|
BANKERS: |
|
|
|
|
|
|
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Dave Rayner Cycle Sport Limited |
|
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) |
have been prepared. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Dave Rayner Cycle Sport Limited for the period ended 31 March 2015 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. |
|
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
|
This report is made solely to the Board of Directors of Dave Rayner Cycle Sport Limited, as a body, in accordance with the terms of our engagement letter dated 3 July 2007. Our work has been undertaken solely to prepare for your approval the financial statements of Dave Rayner Cycle Sport Limited and state those matters that we have agreed to state to the Board of Directors of Dave Rayner Cycle Sport Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Dave Rayner Cycle Sport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dave Rayner Cycle Sport Limited. You consider that Dave Rayner Cycle Sport Limited is exempt from the statutory audit requirement for the period. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Dave Rayner Cycle Sport |
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 financial statements. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15 February 2016 |
Dave Rayner Cycle Sport Limited (Registered number: 06048829) |
|
Abbreviated Balance Sheet |
31 March 2015 |
|
31.3.15 | 31.1.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
( |
) |
|
CREDITORS |
Amounts falling due after more than one
year |
|
|
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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 and |
(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. |
Dave Rayner Cycle Sport Limited (Registered number: 06048829) |
|
Abbreviated Balance Sheet - continued |
31 March 2015 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
by: |
|
|
|
|
|
|
|
Dave Rayner Cycle Sport Limited (Registered number: 06048829) |
|
Notes to the Abbreviated Accounts |
for the Period 1 February 2014 to 31 March 2015 |
|
1. | ACCOUNTING POLICIES |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
|
Turnover |
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax and trade |
discounts. |
|
Intangible fixed assets |
Intangible fixed assets are stated at cost less amortisation and are written off on a straight line basis as follows: |
|
Goodwill Over 5 years |
|
Tangible fixed assets |
Tangible fixed assets are stated at cost less depreciation. |
|
Depreciation is provided at rates calculated to write off the cost of the assets, less their estimated residual value, |
over their estimated useful lives on the following basis: |
|
Fixtures and equipment 25% reducing balance |
Computer equipment 35% reducing balance |
Other office equipment 25% reducing balance |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
Deferred tax |
The charge for taxation takes into account taxation deferred as a result of timing differences between the |
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in |
respect of all timing differences that have originated but not reversed at the balance sheet date. However, |
deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that |
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred |
taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing |
differences are expected to reverse, based on the rates and laws that have been enacted by the balance sheet date. |
|
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2014 |
and 31 March 2015 |
|
AMORTISATION |
At 1 February 2014 |
and 31 March 2015 |
|
NET BOOK VALUE |
|
At 31 March 2015 |
|
At 31 January 2014 |
|
Dave Rayner Cycle Sport Limited (Registered number: 06048829) |
|
Notes to the Abbreviated Accounts - continued |
for the Period 1 February 2014 to 31 March 2015 |
|
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2014 |
and 31 March 2015 |
|
DEPRECIATION |
At 1 February 2014 |
|
Charge for period |
|
At 31 March 2015 |
|
NET BOOK VALUE |
At 31 March 2015 |
|
At 31 January 2014 |
|
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.15 | 31.1.14 |
value: | £ | £ |
|
Ordinary | 1 |
|
|
|
5. | RELATED PARTY DISCLOSURES |
|
Controlling party |
|
During the period ended 31 March 2015 and the year ended 31 January 2014, G L Stubbs, a director, together |
with members of his close family, controlled the company by virtue of a controlling interest of 100% of the |
issued ordinary share capital. |