REGISTERED NUMBER: 03309510

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

RONIN DESIGNS LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S Morton

Miss K O Griffith

SECRETARY:

Miss K O Griffith

REGISTERED OFFICE:

93 Heol Cae Gurwen

Gwaun Cae Gurwen

Ammanford

Carmarthenshire

SA18 1PB

REGISTERED NUMBER:

03309510

ACCOUNTANTS:

Harvey, Peters & Co Limited

Min Yr Afon

4 High Street

Pontardawe

Swansea

SA8 4HU

The directors present their report with the financial statements of the company for the year ended 31 January 2015.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2014 to the date of this report.

S Morton

Miss K O Griffith

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to

small companies.

ON BEHALF OF THE BOARD:

S Morton - Director

20 August 2015

TURNOVER

134,359

107,977

Cost of sales

42,732

34,115

GROSS PROFIT

91,627

73,862

Administrative expenses

57,390

50,926

34,237

22,936

Other operating income

143

-

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

34,380

22,936

Tax on profit on ordinary activities

3

7,065

4,607

PROFIT FOR THE FINANCIAL YEAR

27,315

18,329

FIXED ASSETS

Tangible assets

5

5,390

6,609

CURRENT ASSETS

Stocks

19,090

19,825

Debtors

6

12,993

13,580

32,083

33,405

CREDITORS

Amounts falling due within one year

7

18,392

22,248

NET CURRENT ASSETS

13,691

11,157

TOTAL ASSETS LESS CURRENT LIABILITIES

19,081

17,766

CAPITAL AND RESERVES

Called up share capital

8

13,752

13,752

Profit and loss account

9

5,329

4,014

SHAREHOLDERS' FUNDS

19,081

17,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 20 August 2015 and were signed on its behalf by:

S Morton - Director

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.1.15

31.1.14

£

£

Depreciation - owned assets

1,796

2,341

Directors' remuneration and other benefits etc

15,824

15,282

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.1.15

31.1.14

£

£

Current tax:

UK corporation tax

7,065

4,607

Tax on profit on ordinary activities

7,065

4,607

4.

DIVIDENDS

31.1.15

31.1.14

£

£

Ordinary shares of £1 each

Final

26,000

16,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2014

22,694

Additions

577

At 31 January 2015

23,271

DEPRECIATION

At 1 February 2014

16,085

Charge for year

1,796

At 31 January 2015

17,881

NET BOOK VALUE

At 31 January 2015

5,390

At 31 January 2014

6,609

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.15

31.1.14

£

£

Trade debtors

5,509

4,333

Other debtors

7,484

9,247

12,993

13,580

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.15

31.1.14

£

£

Bank loans and overdrafts

1,505

1,968

Payments on account

-

4,917

Trade creditors

4,243

9,401

Taxation and social security

11,348

5,124

Other creditors

1,296

838

18,392

22,248

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

13,752

Ordinary

£1

13,752

13,752

9.

RESERVES

Profit

and loss

account

£

At 1 February 2014

4,014

Profit for the year

27,315

Dividends

(26,000

)

At 31 January 2015

5,329