Ruby Design & Developments Limited - Period Ending 2016-03-31

Ruby Design & Developments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

Ruby Design & Developments Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

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.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ruby Design & Developments Limited
for the Year Ended 31 March 2016

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

This report is made solely to the Board of Directors of Ruby Design & Developments Limited , as a body. Our work has been undertaken solely to prepare for your approval the accounts of Ruby Design & Developments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ruby Design & Developments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ruby Design & Developments 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 profit of Ruby Design & Developments Limited. You consider that Ruby Design & Developments 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 Ruby Design & Developments 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.

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

Jordan Ludlow & Associates Limited
Accountants
9 Limes Road
Beckenham
Kent
BR3 6NS

21 December 2016

Page 1

Ruby Design & Developments Limited
(Registration number: 09287412)
Abbreviated Balance Sheet at 31 March 2016

	Note	31 March 2016 £	31 March 2015 £
Fixed assets
Tangible fixed assets		1,750	-
Current assets
Stocks		293,777	-
Cash at bank and in hand		10,019	52,450
		303,796	52,450
Creditors: Amounts falling due within one year		(164,202)	(11,294)
Net current assets		139,594	41,156
Net assets		141,344	41,156
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		141,244	41,056
Shareholders' funds		141,344	41,156

For the year ending 31 March 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 21 December 2016 and signed on its behalf by:

.........................................
Mr Robert Thomas Tancred
Director

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

Ruby Design & Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

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
Motor vehicles	25% per annum, reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Ruby Design & Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	2,000	2,000
At 31 March 2016	2,000	2,000
Depreciation
Charge for the year	250	250
At 31 March 2016	250	250
Net book value
At 31 March 2016	1,750	1,750

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016			31 March 2015
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100

Page 4