RIO LTD |
Notes to the Accounts |
for the year ended 28 February 2018 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the net services rendered during the year, excluding VAT. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings and equipment |
10% per annum on cost |
|
|
Stocks |
|
Stocks is valued at the lower of cost and net realisable value. |
|
2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Furniture, fixtures & equipment |
£ |
|
Cost |
|
At 1 March 2017 |
4,003 |
|
Additions |
1,699 |
|
At 28 February 2018 |
5,702 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2017 |
711 |
|
Charge for the year |
570 |
|
At 28 February 2018 |
1,281 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2018 |
4,421 |
|
At 28 February 2017 |
3,292 |
|
|
|
|
|
|
3 |
Debtors |
2018 |
|
2017 |
£ |
£ |
|
|
Prepayments |
|
|
|
|
139 |
|
256 |
|
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
|
|
Bank loans and overdrafts |
9,109 |
|
6,765 |
|
Trade creditors |
13,184 |
|
6,392 |
|
Taxation and social security costs |
15,949 |
|
10,112 |
|
Accruals |
3,878 |
|
3,348 |
|
Director's and shareholders' loan |
1,256 |
|
715 |
|
Other creditors |
488 |
|
805 |
|
|
|
|
|
|
43,864 |
|
28,137 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
|
|
RIO LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
128A Evington Road |
|
Leicester |
|
LE2 1HL |