REGISTERED NUMBER: 06743982 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

RICHARDS CHASSIS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A M Banks

D J Banks

SECRETARY:

Mrs C Banks

REGISTERED OFFICE:

Unit F2 Swinton Bridge Industrial Estate

Whitelee Road

Swinton

Rotherham

South Yorkshire

S64 8BH

REGISTERED NUMBER:

06743982 (England and Wales)

FIXED ASSETS

Intangible assets

2

32,000

36,000

Tangible assets

3

459,328

315,379

491,328

351,379

CURRENT ASSETS

Stocks

134,836

70,230

Debtors

103,476

50,503

Cash at bank and in hand

65,698

16,396

304,010

137,129

CREDITORS

Amounts falling due within one year

4

230,587

146,165

NET CURRENT ASSETS/(LIABILITIES)

73,423

(9,036

)

TOTAL ASSETS LESS CURRENT LIABILITIES

564,751

342,343

CREDITORS

Amounts falling due after more than one year

4

(177,096

)

(158,665

)

PROVISIONS FOR LIABILITIES

(23,887

)

(19,145

)

NET ASSETS

363,768

164,533

CAPITAL AND RESERVES

Called up share capital

5

20

20

Profit and loss account

363,748

164,513

SHAREHOLDERS' FUNDS

363,768

164,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 August 2016 and were signed on its behalf by:

A M Banks - Director

D J Banks - 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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

Not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Furniture, fixtures & office equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

60,000

AMORTISATION

At 1 December 2014

24,000

Amortisation for year

4,000

At 30 November 2015

28,000

NET BOOK VALUE

At 30 November 2015

32,000

At 30 November 2014

36,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

350,820

Additions

170,931

At 30 November 2015

521,751

DEPRECIATION

At 1 December 2014

35,441

Charge for year

26,982

At 30 November 2015

62,423

NET BOOK VALUE

At 30 November 2015

459,328

At 30 November 2014

315,379

4.

CREDITORS

Creditors include an amount of £ 207,823 (30.11.14 - £ 187,577 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.11.15

30.11.14

£

£

Repayable by instalments

53,506

60,761

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

£

20

Ordinary

£1

20

20