R & G Enterprises (NW) Limited 04929233 false true 2014-09-01 2015-08-31 2015-08-31 04929233 2014-09-01 2015-08-31 04929233 2015-08-31 04929233 uk-bus:OrdinaryShareClass1 2015-08-31 04929233 uk-bus:Director1 2014-09-01 2015-08-31 04929233 uk-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 04929233 uk-bus:EntityAccountantsOrAuditors 2014-09-01 2015-08-31 04929233 uk-gaap:ComputerEquipment 2014-09-01 2015-08-31 04929233 uk-gaap:FixturesFittings 2014-09-01 2015-08-31 04929233 2014-08-31 04929233 2014-08-31 04929233 uk-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP xbrli:shares

Registration number: 04929233

R & G Enterprises (NW) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Tarbun & Company
58 MARINE ROAD WEST
MORECAMBE
LANCASHIRE
LA4 4ET

 

R & G Enterprises (NW) Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

R & G Enterprises (NW) Limited
(Registration number: 04929233)
Abbreviated Balance Sheet at 31 August 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

16,380

   

18,429

 

Current assets

 

             

Stocks

 

   

8,070

   

12,448

 

Debtors

 

   

3,857

   

377

 

Cash at bank and in hand

 

   

11,343

   

19,158

 
   

   

23,270

   

31,983

 

Creditors: Amounts falling due within one year

 

   

(19,129)

   

(23,339)

 

Net current assets

 

   

4,141

   

8,644

 

Total assets less current liabilities

 

   

20,521

   

27,073

 

Creditors: Amounts falling due after more than one year

 

   

(27,311)

   

(29,151)

 

Provisions for liabilities

 

   

(2,732)

   

(3,052)

 

Net liabilities

 

   

(9,522)

   

(5,130)

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

(9,622)

   

(5,230)

 

Shareholders' deficit

 

   

(9,522)

   

(5,130)

 

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 9 May 2016

.........................................
Mr Richard Westbury
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

R & G Enterprises (NW) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

15% Reducing Balance

Computer Equipment

40% Reducing Balance

Stock

Stock 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.

Deferred tax

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.

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.

 

R & G Enterprises (NW) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 September 2014

 

40,375

   

40,375

 

Additions

 

947

   

947

 

At 31 August 2015

 

41,322

   

41,322

 

Depreciation

           

At 1 September 2014

 

21,946

   

21,946

 

Charge for the year

 

2,996

   

2,996

 

At 31 August 2015

 

24,942

   

24,942

 

Net book value

           

At 31 August 2015

 

16,380

   

16,380

 

At 31 August 2014

 

18,429

   

18,429

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

1000 of £1 each

 

100

   

100

   

100

   

100

 
                         

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