Company Registration No. 07907502 (England and Wales)
RDP FINANCIAL SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
RDP FINANCIAL SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RDP FINANCIAL SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
20,089
23,940
Current assets
Debtors
23,100
12,432
Cash at bank and in hand
60,658
29,397
83,758
41,829
Creditors: amounts falling due within one year
3
(45,632)
(38,456)
Net current assets
38,126
3,373
Total assets less current liabilities
58,215
27,313
Creditors: amounts falling due after more than one year
4
(1,029)
(4,808)
Provisions for liabilities
(4,018)
(4,789)
53,168
17,716
Capital and reserves
Called up share capital
5
2,000
2,000
Profit and loss account
51,168
15,716
Shareholders' funds
53,168
17,716
For the financial year ended 31 January 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 14 March 2016
P Stafford
A Mears
Director
Director
Company Registration No. 07907502
RDP FINANCIAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 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).
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 amounts receivable for goods and services net of VAT and trade discounts.
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:
Land and buildings Leasehold
12.5% straight line
Computer equipment
40% reducing balance
Fixtures, fittings & equipment
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Revenue recognition
Turnover is recognised over the period the service is provided to the customer.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
RDP FINANCIAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2015
30,813
Additions
684
At 31 January 2016
31,497
Depreciation
At 1 February 2015
6,873
Charge for the year
4,535
At 31 January 2016
11,408
Net book value
At 31 January 2016
20,089
At 31 January 2015
23,940
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £3,778).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £4,808).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
1,000 Ordinary B shares of £1 each
1,000
1,000
2,000
2,000