Registered number
09457415
RIO LTD
Filleted Accounts
28 February 2018
RIO LTD
Registered number: 09457415
Balance Sheet
as at 28 February 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 4,421 3,292
Current assets
Stocks 710 925
Debtors 3 139 256
849 1,181
Creditors: amounts falling due within one year 4 (43,864) (28,137)
Net current liabilities (43,015) (26,956)
Net liabilities (38,594) (23,664)
Capital and reserves
Called up share capital 100 100
Profit and loss account (38,694) (23,764)
Shareholders' funds (38,594) (23,664)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Y Sehdeva
Director
Approved by the board on 17 August 2018
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
RIO LTD 09457415 false 2017-03-01 2018-02-28 2018-02-28 VT Final Accounts July 2018 P Y Sehdeva No description of principal activity 09457415 core:WithinOneYear 2017-02-28 09457415 core:ShareCapital 2017-02-28 09457415 core:RetainedEarningsAccumulatedLosses 2017-02-28 09457415 2017-03-01 2018-02-28 09457415 bus:PrivateLimitedCompanyLtd 2017-03-01 2018-02-28 09457415 bus:AuditExemptWithAccountantsReport 2017-03-01 2018-02-28 09457415 bus:Director40 2017-03-01 2018-02-28 09457415 core:LandBuildings 2017-03-01 2018-02-28 09457415 countries:England 2017-03-01 2018-02-28 09457415 bus:FRS102 2017-03-01 2018-02-28 09457415 bus:FullAccounts 2017-03-01 2018-02-28 09457415 2018-02-28 09457415 core:WithinOneYear 2018-02-28 09457415 core:ShareCapital 2018-02-28 09457415 core:RetainedEarningsAccumulatedLosses 2018-02-28 09457415 core:LandBuildings 2018-02-28 09457415 2017-02-28 09457415 core:LandBuildings 2017-02-28 iso4217:GBP