ACCOUNTS - Accounts

ACCOUNTS - Accounts

R.E.M. ELECTRONICS LIMITED - Company Information

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02229999 R.E.M ELECTRONICS LIMITED 2013-07-01 2014-06-30 false true 2014-06-30 02229999 d:EntityAccountantsOrAuditors 2014-06-30 02229999 2013-07-01 2014-06-30 02229999 2014-06-30 02229999 2013-06-30 02229999 c:FixturesFittingsToolsEquipment 2013-07-01 2014-06-30 02229999 d:OrdinaryShareClass1 2014-06-30 02229999 d:OrdinaryShareClass1 2013-06-30 02229999 d:OrdinaryShareClass1 2013-07-01 2014-06-30 02229999 d:Director1 2013-07-01 2014-06-30 02229999 c:ComputerEquipment 2013-07-01 2014-06-30 02229999 d:EntityAccountantsOrAuditors 2013-07-01 2014-06-30 xbrli:shares iso4217:GBP

Registered number: 02229999








R.E.M ELECTRONICS LIMITED



UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

































BAGINSKY COHEN

CHARTERED ACCOUNTANTS
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF R.E.M ELECTRONICS LIMITED
FOR THE YEAR ENDED 30 JUNE 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.E.M Electronics Limited for the year ended 30 June 2014 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a 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/regulations.


This report is made solely to the director of R.E.M Electronics Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of R.E.M Electronics Limited and state those matters that we have agreed to state to the director of R.E.M Electronics Limited 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 R.E.M Electronics Limited and its director for our work or for this report.
 
 
It is your duty to ensure that R.E.M Electronics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that R.E.M Electronics Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of R.E.M Electronics 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 financial statements.






BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT

26 February 2015
Page 1

ABBREVIATED BALANCE SHEET
AS AT 30 JUNE 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible fixed assets 
 
2
1,259
1,413
 
CURRENT ASSETS





 
Debtors
330
12,607

 
Cash at bank

9,125
3,986







 
9,455
16,593
 
CREDITORS: amounts falling due within one year
(6,719)
(5,533)
 
NET CURRENT ASSETS


2,736

11,060
 
NET ASSETS
 3,995

 12,473
  
CAPITAL AND RESERVES

 
Called up share capital
3
100
100
 
Profit and loss account
3,895
12,373
 
SHAREHOLDERS' FUNDS
 

 3,995

 12,473


The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 26 February 2015.




JOHN H. PHILLIPS
Director

The notes on page 3 form part of these financial statements.

Page 2

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with applicable accounting standards.

1.2
Tangible fixed assets and depreciation

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
-
20% reducing balance
Computer equipment
-
33.3% reducing balance


2.TANGIBLE FIXED ASSETS



£


Cost 


At 1 July 2013
10,222

Additions
434


At 30 June 2014

10,656



Depreciation


At 1 July 2013
8,809

Charge for the year
588


At 30 June 2014

9,397




Net book value


At 30 June 2014
 1,259


At 30 June 2013

 1,413


3.SHARE CAPITAL

        2014
        2013
        £

        £

Allotted, called up and fully paid



100 Ordinary shares of £1 each
 100
 100


4.RELATED PARTY TRANSACTIONS


The company was reimbursed expenses in the year of £14,400 (2013: £23,813) from a company in which Mr J Philips is a director.


Page 3