Company Registration No. 08808640 (England and Wales)
ROBINSON POLYTUNNELS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
ROBINSON POLYTUNNELS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ROBINSON POLYTUNNELS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
Notes
£
£
Fixed assets
Tangible assets
2
5,680
Current assets
Stocks
29,809
Debtors
19,622
Cash at bank and in hand
3,483
52,914
Creditors: amounts falling due within one year
(56,628)
Net current liabilities
(3,714)
Total assets less current liabilities
1,966
Capital and reserves
Profit and loss account
1,966
Shareholder's funds
1,966
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 July 2015
Mr S Robinson
Director
Company Registration No. 08808640
ROBINSON POLYTUNNELS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
Computer equipment
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2014
-
Additions
21,571
At 31 December 2014
21,571
Depreciation
At 1 February 2014
10,525
Charge for the year
5,366
At 31 December 2014
15,891
Net book value
At 31 December 2014
5,680
3
Related party relationships and transactions
ROBINSON POLYTUNNELS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
3
Related party relationships and transactions
(Continued)
- 3 -
The following directors had interest free loans during the year. The movement on these loans are as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr S Robinson
Director's Loan
-
55,544
24,743
-
28,959
51,328
55,544
24,743
-
28,959
51,328