Registered Number 01366700

R & J P INTERNATIONAL LIMITED

Abbreviated Accounts

28 February 2014

R & J P INTERNATIONAL LIMITED Registered Number 01366700

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 3,750 4,998
3,750 4,998
Current assets
Stocks 383,840 353,561
Debtors 855,534 551,701
Cash at bank and in hand 1,534,433 1,857,215
2,773,807 2,762,477
Creditors: amounts falling due within one year (1,132,862) (994,555)
Net current assets (liabilities) 1,640,945 1,767,922
Total assets less current liabilities 1,644,695 1,772,920
Creditors: amounts falling due after more than one year 0 (177,326)
Provisions for liabilities (444) (627)
Total net assets (liabilities) 1,644,251 1,594,967
Capital and reserves
Called up share capital 3 2,000 2,000
Profit and loss account 1,642,251 1,592,967
Shareholders' funds 1,644,251 1,594,967
  • For the year ending 28 February 2014 the company was entitled to exemption under 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 accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 August 2014

And signed on their behalf by:
Mr R J Polgrean, Director

R & J P INTERNATIONAL LIMITED Registered Number 01366700

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% Reducing balance basis
Fixture,fitting and equipment - 25% Reducing balance basis

Valuation information and policy
Stock:-
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation:-
Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes except to the extent that the directors consider that a liability to taxation is unlikely to materialise. Deferred taxation is measured on a non-discounted basis at the tax rates expected to apply in the periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Foreign currencies:-
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2 Tangible fixed assets
£
Cost
At 1 March 2013 104,156
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2014 104,156
Depreciation
At 1 March 2013 99,158
Charge for the year 1,248
On disposals -
At 28 February 2014 100,406
Net book values
At 28 February 2014 3,750
At 28 February 2013 4,998
3 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
2,000 Ordinary shares of £1 each 2,000 2,000

4Transactions with directors

Name of director receiving advance or credit: MR R J Polgrean
Description of the transaction: The director above had interest free loan during the year. The movement on this loan is as follows:
Balance at 1 March 2013: £ 0
Advances or credits made: £ 292,059
Advances or credits repaid: -
Balance at 28 February 2014: £ 292,059


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