

	Company registration number:	4735183






C N RICHARDS LIMITED

REPORT OF THE DIRECTORS' AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2016



C N RICHARDS LIMITED

BALANCE SHEET

AS AT 31 December 2016


		2016		2015
	Notes	£	£	£	£

FIXED ASSETS
Intangible assets	2		45,000		50,000
Tangible assets	3		152,807		152,903

			197,807		202,903

CURRENT ASSETS
Stocks		3,121		3,800
Debtors		43,215		40,639
Cash at bank and in hand		263,785		343,734

		310,121		388,173

CREDITORS
Amounts falling due within one year		(223,886)		(290,092)

NET CURRENT ASSETS			86,235		98,081

TOTAL ASSETS LESS
CURRENT LIABILITIES			284,042		300,984


PROVISIONS FOR LIABILITIES			(30,561)		(30,581)

NET ASSETS			253,481		270,403



CAPITAL AND RESERVES
Called-up equity share capital			100		100
Profit and loss account			253,381		270,303

SHAREHOLDERS FUNDS			253,481		270,403


For the year ending 31 December 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.


These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 25 September 2017 and signed on its behalf.


All members have consented to the preparation of these abridged financial statements.



..........................................................................
C N Richards

25 September 2017
The annexed notes form part of these financial statements.

C N RICHARDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Accounting policies

Basis of preparing the financial statements

The financial statements are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the directors' report and which is continuing.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.

Intangible Assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. Amortisation is being applied over 10 years from January 2016 in line with FRS102 section 1a.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i 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 15% per annum reducing balance basi

Office equipment 25% per annum reducing balance basi

Motor Vehicles 25% per annum reducing balance basi

Stocks and Work In Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred Taxation

Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation purposes, using the liability method, only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the near future.



2.	Intangible fixed assets
		Total

	Cost
	At start of period	50,000
	At end of period	50,000

	Amortisation
	Provided during the period	5,000
	At end of period	5,000

	Net Book Values
	At start of period	50,000
	At end of period	45,000



3.	Tangible fixed assets

		Total

	Cost
	At start of period	296,362
	Additions	82,949
	Disposals	(69,500)
	At end of period	309,811

	Depreciation
	At start of period	143,459
	Provided during the period	33,162
	On disposals	(19,617)
	At end of period	157,004

	Net Book Value
	At start of period	152,903
	At end of period	152,807