Abbreviated Company Accounts - RAT & RABBIT CONSULTING LIMITED

RAT & RABBIT CONSULTING LIMITED - Company Information

Registered Number 08090318

RAT & RABBIT CONSULTING LIMITED

Abbreviated Accounts

31 May 2014

RAT & RABBIT CONSULTING LIMITED Registered Number 08090318

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,633	10,460
		7,633	10,460
Current assets
Debtors		16,874	34,718
Cash at bank and in hand		21,634	16,704
		38,508	51,422
Creditors: amounts falling due within one year		(43,042)	(57,736)
Net current assets (liabilities)		(4,534)	(6,314)
Total assets less current liabilities		3,099	4,146
Provisions for liabilities		(1,527)	(2,092)
Total net assets (liabilities)		1,572	2,054
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,472	1,954
Shareholders' funds		1,572	2,054

For the year ending 31 May 2014 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 27 February 2015

And signed on their behalf by:
A SARNEY, Director

RAT & RABBIT CONSULTING LIMITED Registered Number 08090318

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures and fittings - 4 years straight line and Office equipment - 3 years straight line.

2Tangible fixed assets

	£
Cost
At 1 June 2013	12,894
Additions	2,659
Disposals	(2,760)
Revaluations	-
Transfers	-
At 31 May 2014	12,793
Depreciation
At 1 June 2013	2,434
Charge for the year	3,075
On disposals	(349)
At 31 May 2014	5,160
Net book values
At 31 May 2014	7,633
At 31 May 2013	10,460