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Registration number: 04650720

Rawlings Atlantic Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

 

Rawlings Atlantic Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rawlings Atlantic Limited
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rawlings Atlantic Limited for the year ended 31 January 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .

This report is made solely to the Board of Directors of Rawlings Atlantic Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rawlings Atlantic Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rawlings Atlantic Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rawlings Atlantic Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rawlings Atlantic Limited. You consider that Rawlings Atlantic Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Rawlings Atlantic Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Lewis & Co Chartered Accountants
75 Kenton Street
London
WC1N 1NN

31 October 2016

 

Rawlings Atlantic Limited
(Registration number: 04650720)
Abbreviated Balance Sheet at 31 January 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

4,359

   

7,167

 

Investments

 

   

25,007

   

35,008

 
   

   

29,366

   

42,175

 

Current assets

 

             

Debtors

 

   

6,365

   

5,164

 

Cash at bank and in hand

 

   

99,611

   

110,737

 
   

   

105,976

   

115,901

 

Creditors: Amounts falling due within one year

 

   

(128,724)

   

(145,916)

 

Net current liabilities

 

   

(22,748)

   

(30,015)

 

Net assets

 

   

6,618

   

12,160

 

Capital and reserves

 

             

Called up share capital

 

3

   

132

   

132

 

Profit and loss account

 

   

6,486

   

12,028

 

Shareholders' funds

 

   

6,618

   

12,160

 

For the year ending 31 January 2016 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 31 October 2016 and signed on its behalf by:

.........................................
SM Dickert
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Rawlings Atlantic Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

Straight line over 4 years

Plant & machinery

Straight line over 4 years

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2

Fixed assets

   

Tangible assets
£

   

Investments
£

   

Total
£

 

Cost

                 

At 1 February 2015

 

21,498

   

35,008

   

56,506

 

Disposals

 

-

   

(10,001)

   

(10,001)

 

At 31 January 2016

 

21,498

   

25,007

   

46,505

 

Depreciation

                 

At 1 February 2015

 

14,331

   

-

   

14,331

 

Charge for the year

 

2,808

   

-

   

2,808

 

At 31 January 2016

 

17,139

   

-

   

17,139

 

Net book value

                 

At 31 January 2016

 

4,359

   

25,007

   

29,366

 

At 31 January 2015

 

7,167

   

35,008

   

42,175

 
 

Rawlings Atlantic Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary A of £1 each

 

33

   

33

   

33

   

33

 

Ordinary B of £1 each

 

33

   

33

   

33

   

33

 

Ordinary C of £1 each

 

33

   

33

   

33

   

33

 

Ordinary D of £1 each

 

33

   

33

   

33

   

33

 
   

132

   

132

   

132

   

132