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REGISTERED NUMBER: 06560662 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2017

for

RJB Coatings Ltd

RJB Coatings Ltd (Registered number: 06560662)






Contents of the Financial Statements
for the Year Ended 28 February 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RJB Coatings Ltd

Company Information
for the Year Ended 28 February 2017







DIRECTORS: R Brackstone
R J Brackstone





SECRETARY:





REGISTERED OFFICE: 7 Bankside
The Watermark
Gateshead
NE11 9SY





REGISTERED NUMBER: 06560662 (England and Wales)





ACCOUNTANTS: Flannagans - Hartlepool office
Hub One, First Floor, Unit's 204 & 206
The Innovation Centre, Venture Court
Queens Meadow Business Park
Hartlepool
TS25 5TG

RJB Coatings Ltd (Registered number: 06560662)

Balance Sheet
28 February 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 20,000
Tangible assets 5 54,181 67,397
74,181 87,397

CURRENT ASSETS
Stocks 6 3,000 2,800
Debtors 7 25,465 35,658
Cash in hand (292 ) 161
28,173 38,619
CREDITORS
Amounts falling due within one year 8 129,069 145,226
NET CURRENT LIABILITIES (100,896 ) (106,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,715

)

(19,210

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (26,815 ) (19,310 )
SHAREHOLDERS' FUNDS (26,715 ) (19,210 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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.

RJB Coatings Ltd (Registered number: 06560662)

Balance Sheet - continued
28 February 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16 October 2017 and were signed on
its behalf by:





R Brackstone - Director


RJB Coatings Ltd (Registered number: 06560662)

Notes to the Financial Statements
for the Year Ended 28 February 2017

1. STATUTORY INFORMATION

RJB Coatings Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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 profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

RJB Coatings Ltd (Registered number: 06560662)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

2. ACCOUNTING POLICIES - continued

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 profit or loss in the period to which they relate.

Debt factoring
The company has entered into an agreement this year to factor it's debts through HSBC Invoice
Financing.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2016
and 28 February 2017 20,000
NET BOOK VALUE
At 28 February 2017 20,000
At 29 February 2016 20,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2016
and 28 February 2017 1,284 173,422 14,065
DEPRECIATION
At 1 March 2016 - 117,967 7,332
Charge for year - 11,108 1,127
At 28 February 2017 - 129,075 8,459
NET BOOK VALUE
At 28 February 2017 1,284 44,347 5,606
At 29 February 2016 1,284 55,455 6,733

RJB Coatings Ltd (Registered number: 06560662)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2016
and 28 February 2017 18,801 4,481 212,053
DEPRECIATION
At 1 March 2016 14,876 4,481 144,656
Charge for year 981 - 13,216
At 28 February 2017 15,857 4,481 157,872
NET BOOK VALUE
At 28 February 2017 2,944 - 54,181
At 29 February 2016 3,925 - 67,397

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2016
and 28 February 2017 88,848
DEPRECIATION
At 1 March 2016
and 28 February 2017 57,944
NET BOOK VALUE
At 28 February 2017 30,904
At 29 February 2016 30,904

6. STOCKS
2017 2016
£    £   
Stocks 3,000 2,800

RJB Coatings Ltd (Registered number: 06560662)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 9,238 2,204
Other debtors - 9,177
Factoring 6,968 7,114
Directors' current accounts 9,259 17,163
25,465 35,658

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 13,851 13,569
Other loans 1,259 10,000
Hire purchase contracts - 12,193
Trade creditors 38,039 48,676
Tax 5,312 2,748
Social security and other taxes 2,455 723
Pension 46 -
VAT 25,895 15,769
Other creditors 35,847 33,994
Credit Card 4,985 6,174
Accrued expenses 1,380 1,380
129,069 145,226

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2016 (19,310 )
Deficit for the year (7,505 )
At 28 February 2017 (26,815 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is The Directors.

RJB Coatings Ltd (Registered number: 06560662)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

12. GOING CONCERN

The directors have reviewed a period of 12 months from approval of these financial statements and
concluded the company is able to meet all its liabilities as they fall due. As a result it is appropriate to
prepare the accounts on going concern basis.