Runcomm Global Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08513108 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Runcomm Global Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A H McCrossan

M D Ward

REGISTERED OFFICE:

Braich Goch Villa

Corris

Machynlleth

Powys

SY20 9SH

REGISTERED NUMBER:

08513108 (England and Wales)

FIXED ASSETS

Intangible assets

2

1,500

-

Tangible assets

3

17,266

887

18,766

887

CURRENT ASSETS

Stocks

15,768

3,000

Debtors

14,651

23,887

Cash at bank and in hand

17,305

10,945

47,724

37,832

CREDITORS

Amounts falling due within one year

4

52,714

38,617

NET CURRENT LIABILITIES

(4,990

)

(785

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,776

102

CREDITORS

Amounts falling due after more than one year

4

(8,224

)

-

PROVISIONS FOR LIABILITIES

(3,453

)

-

NET ASSETS

2,099

102

CAPITAL AND RESERVES

Called up share capital

5

200

200

Profit and loss account

1,899

(98

)

SHAREHOLDERS' FUNDS

2,099

102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 April 2015 and were signed on its behalf by:

M D Ward - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 etc

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,600

At 31 December 2014

1,600

AMORTISATION

Amortisation for year

100

At 31 December 2014

100

NET BOOK VALUE

At 31 December 2014

1,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

1,038

Additions

18,417

At 31 December 2014

19,455

DEPRECIATION

At 1 January 2014

151

Charge for year

2,038

At 31 December 2014

2,189

NET BOOK VALUE

At 31 December 2014

17,266

At 31 December 2013

887

4.

CREDITORS

Creditors include an amount of £ 11,450 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100

100

B Ordinary

£1

100

100

200

200

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is £10,296 (2013: £18,858) in respect of a loan to the directors. Interest is charged on the

loan at 3.25% and there are no fixed repayment terms.

During the year the directors received dividends totalling £27,000 (2013: £21,000).