Company Registration No. SC448997 (Scotland)
ROANHEAD LOGISTICS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
ROANHEAD LOGISTICS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ROANHEAD LOGISTICS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
49,880
32,030
Current assets
Stocks
2,500
4,500
Debtors
10,444
1,111
Cash at bank and in hand
1,652
3,346
14,596
8,957
Creditors: amounts falling due within one year
(123,888)
(90,502)
Net current liabilities
(109,292)
(81,545)
Total assets less current liabilities
(59,412)
(49,515)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(59,414)
(49,517)
Shareholders' funds
(59,412)
(49,515)
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 30 January 2017
Mr John Stoddart
Director
Company Registration No. SC448997
ROANHEAD LOGISTICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 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 January 2015).
Going Concern
The accounts have been prepared on the going concern basis. The directors are aware of the net liabilities position and
understand their continued support and that of the company's suppliers and lenders is required.
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 net invoiced sales of goods, excluding value added tax.
net invoiced sales of goods, excluding value added tax.
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
25% on reducing balance
Computer equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
ROANHEAD LOGISTICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
50,235
Additions
37,533
Disposals
(16,169)
At 30 April 2016
71,599
Depreciation
At 1 May 2015
18,205
On disposals
(7,074)
Charge for the year
10,588
At 30 April 2016
21,719
Net book value
At 30 April 2016
49,880
At 30 April 2015
32,030
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2