Abbreviated Company Accounts - RED TAPE CONSULTING LTD

Abbreviated Company Accounts - RED TAPE CONSULTING LTD

RED TAPE CONSULTING LTD - Company Information

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Registered Number 07143935

RED TAPE CONSULTING LTD

Abbreviated Accounts

30 June 2014

RED TAPE CONSULTING LTD Registered Number 07143935

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,961 4,104
2,961 4,104
Current assets
Debtors 125 416
Cash at bank and in hand 3,618 5,112
3,743 5,528
Creditors: amounts falling due within one year (10,267) (7,162)
Net current assets (liabilities) (6,524) (1,634)
Total assets less current liabilities (3,563) 2,470
Total net assets (liabilities) (3,563) 2,470
Capital and reserves
Called up share capital 99 99
Profit and loss account (3,662) 2,371
Shareholders' funds (3,563) 2,470
  • For the year ending 30 June 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 20 March 2015

And signed on their behalf by:
P Shroff, Director

RED TAPE CONSULTING LTD Registered Number 07143935

Notes to the Abbreviated Accounts for the period ended 30 June 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:
Plant & machinery 33.33% straight line basis
Fixtures & fittings 25% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 July 2013 8,394
Additions 85
Disposals -
Revaluations -
Transfers -
At 30 June 2014 8,479
Depreciation
At 1 July 2013 4,290
Charge for the year 1,228
On disposals -
At 30 June 2014 5,518
Net book values
At 30 June 2014 2,961
At 30 June 2013 4,104