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REGISTERED NUMBER: 04430441 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015

FOR

FRANK RHODES LIMITED

FRANK RHODES LIMITED (REGISTERED NUMBER: 04430441)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 May 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

FRANK RHODES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2015







DIRECTORS: Mr F Rhodes
Mr G F Rhodes





SECRETARIES: Mrs R E Rhodes
Mr F Rhodes





REGISTERED OFFICE: 11-12 Church Street
WINDERMERE
Cumbria
LA23 1AQ





REGISTERED NUMBER: 04430441 (England and Wales)





ACCOUNTANTS: Lakes Accountancy Limited
Chartered Accountants
11-12 Church Street
WINDERMERE
Cumbria
LA23 1AQ

FRANK RHODES LIMITED (REGISTERED NUMBER: 04430441)

ABBREVIATED BALANCE SHEET
31 May 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 2,000 3,000
Tangible assets 3 22,155 18,164
24,155 21,164

CURRENT ASSETS
Stocks 12,400 166,600
Debtors 10,017 8,657
Cash at bank 73,092 7,548
95,509 182,805
CREDITORS
Amounts falling due within one year 103,197 174,662
NET CURRENT (LIABILITIES)/ASSETS (7,688 ) 8,143
TOTAL ASSETS LESS CURRENT LIABILITIES 16,467 29,307

PROVISIONS FOR LIABILITIES 4,431 3,069
NET ASSETS 12,036 26,238

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 11,936 26,138
SHAREHOLDERS' FUNDS 12,036 26,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 September 2015 and were signed on its behalf by:





Mr F Rhodes - Director


FRANK RHODES LIMITED (REGISTERED NUMBER: 04430441)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 May 2015

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is
recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, 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.

Plant and machinery - 30% on reducing balance
Fixtures and fittings - 30% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 30% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged
to the profit and loss account in the period to which they relate.

FRANK RHODES LIMITED (REGISTERED NUMBER: 04430441)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 May 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014
and 31 May 2015 15,000
AMORTISATION
At 1 June 2014 12,000
Amortisation for year 1,000
At 31 May 2015 13,000
NET BOOK VALUE

At 31 May 2015 2,000
At 31 May 2014 3,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014 37,984
Additions 13,159
Disposals (12,346 )
Transfer to ownership (12,300 )
Reclassification/transfer 12,300
At 31 May 2015 38,797
DEPRECIATION
At 1 June 2014 19,820
Charge for year 7,554
Eliminated on disposal (10,732 )
Transfer to ownership 6,800
Reclassification/transfer (6,800 )
At 31 May 2015 16,642
NET BOOK VALUE
At 31 May 2015 22,155
At 31 May 2014 18,164

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

FRANK RHODES LIMITED (REGISTERED NUMBER: 04430441)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 May 2015

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2015 and 31 May 2014:

2015 2014
£    £   
Mr F Rhodes
Balance outstanding at start of year (146,759 ) (27,373 )
Amounts advanced 119,523 63,775
Amounts repaid (55,973 ) (183,161 )
Balance outstanding at end of year (83,209 ) (146,759 )

Mr G F Rhodes
Balance outstanding at start of year (65 ) (491 )
Amounts advanced 22,078 20,903
Amounts repaid (22,099 ) (20,477 )
Balance outstanding at end of year (86 ) (65 )