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Unaudited Financial Statements for the Year Ended 31 May 2016 |
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R I Works Ltd |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 May 2016 |
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for |
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R I Works Ltd |
R I Works Ltd (Registered number: 07359669) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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R I Works Ltd |
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Company Information |
for the Year Ended 31 May 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
67 Westow Street |
Upper Norwood |
London |
SE19 3RW |
R I Works Ltd (Registered number: 07359669) |
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Balance Sheet |
31 May 2016 |
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31.5.16 | 31.5.15 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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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 director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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R I Works Ltd (Registered number: 07359669) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2016 |
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1. | STATUTORY INFORMATION |
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R I Works Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Hire purchase and leasing commitments |
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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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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R I Works Ltd (Registered number: 07359669) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2016 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 June 2015 |
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Disposals |
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At 31 May 2016 |
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DEPRECIATION |
At 1 June 2015 |
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Charge for year |
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Eliminated on disposal |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.16 | 31.5.15 |
£ | £ |
Trade debtors |
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CIS Tax recoverable | - | 299,092 |
Other debtors |
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Retentions receivable | 388,209 | 80,252 |
VAT |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.16 | 31.5.15 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 127,832 | - |
Other creditors |
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Retentions payable | 84,533 | 209,035 |
CIS tax payable | 216,486 | - |
Directors' current accounts | 181,598 | 364,800 |
Accrued expenses |
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R I Works Ltd (Registered number: 07359669) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2016 |
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8. | RELATED PARTY DISCLOSURES |
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The company was charged £60,000 by Bencewell Properties Limited for office rent. Mr N Chadd is a director of |
Bencewell Properties Limited. |
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Other debtors due within 1 year, includes an amount totalling £88,389 due from Bencewell Properties Limited a |
company wholly owned by the director, N J Chadd. |