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Robert Thorne Group Limited |
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Abbreviated Accounts for the Year Ended 30 June 2015 |
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Robert Thorne Group Limited |
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Abbreviated Accounts for the Year Ended 30 June 2015 |
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Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Robert Thorne Group Limited |
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The following reproduces the text of the report prepared for the director in respect of the |
company's annual unaudited financial statements, from which the unaudited abbreviated |
accounts (set out on pages two to six) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for |
your approval the financial statements of Robert Thorne Group Limited for the year ended |
30 June 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related |
notes from the company's accounting records and from information and explanations you have |
given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the director of Robert Thorne Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Robert Thorne Group Limited and state those matters that we have agreed to state to the director of Robert Thorne Group Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Robert Thorne Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Robert Thorne Group Limited. You consider that Robert Thorne Group Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Robert |
Thorne Group Limited. For this reason, we have not verified the accuracy or completeness of the |
accounting records or information and explanations you have given to us and we do not, therefore, |
express any opinion on the statutory financial statements. |
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Chartered Accountants |
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23 September 2015 |
Robert Thorne Group Limited (Registered number: 03156966) |
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Abbreviated Balance Sheet |
30 June 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
4 |
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( |
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PROVISIONS FOR LIABILITIES |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Robert Thorne Group Limited (Registered number: 03156966) |
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Abbreviated Balance Sheet - continued |
30 June 2015 |
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The director acknowledges his 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. |
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The financial statements were approved by the director on
by: |
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Robert Thorne Group Limited (Registered number: 03156966) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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1. | ACCOUNTING POLICIES |
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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). |
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Preparation of consolidated financial statements |
The financial statements contain information about Robert Thorne Group Limited as an |
individual company and do not contain consolidated financial information as the parent of a |
group. The company has taken the option under Section 398 of the Companies Act 2006 not |
to prepare consolidated financial statements. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Freehold property | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Freehold property is not depreciated. Freehold property is maintained to ensure that their |
value does not diminish over time. The maintenance costs are charged to profit and loss in |
the year incurred. In the directors' opinion, depreciation would be immaterial and has not |
been charged. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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Hire purchase and leasing commitments |
Assets held under finance leases and hire purchase contracts, which are those where |
substantially all the risks and rewards of ownership of the asset have passed to the |
company, are capitalised in the balance sheet and depreciated over their useful lives. |
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The interest element of the rental obligations is charged to the profit and loss account over |
the period of the lease and represents a constant proportion of the balance of capital |
repayments outstanding. |
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Rentals paid under operating leases are charged to income on a straight line basis over the |
lease term. |
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Pension costs |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which |
they relate. |
Robert Thorne Group Limited (Registered number: 03156966) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
and 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
At 1 July 2014 |
and 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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The company's investments at the Balance Sheet date in the share capital of companies |
include the following: |
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Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves |
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Profit for the year |
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Robert Thorne Group Limited (Registered number: 03156966) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2015 |
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4. | CREDITORS |
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The following secured debts are included within creditors: |
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2015 | 2014 |
£ | £ |
Hire purchase contracts |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary shares | £1 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended |
30 June 2015 and 30 June 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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The directors loan account was repaid 31 August 2015. |