Ravel (Scotland) Limited - Limited company - abbreviated - 11.6
Ravel (Scotland) Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2014 |
| FOR |
| RAVEL (SCOTLAND) LIMITED |
| RAVEL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC330704) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| Page |
| Company information | 1 |
| Abbreviated balance sheet | 2 |
| Notes to the abbreviated accounts | 4 |
| RAVEL (SCOTLAND) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| RAVEL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC330704) |
| ABBREVIATED BALANCE SHEET |
| 31 AUGUST 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| RAVEL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC330704) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 AUGUST 2014 |
| The financial statements were approved by the director on |
| RAVEL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC330704) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 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). |
| Exemption from preparing a cash flow statement |
| The Company has adopted the Financial Reporting Standard for Smaller Entities (effective April 2008) and is consequently |
| exempt from the requirement to include a cash flow statement in the financial statements. |
| Turnover |
| The turnover shown in the profit and loss account represents the value of all goods sold during the year, at selling price |
| exclusive of Value Added Tax. Income is recognised at the point of sale to the customer. |
| Goodwill |
| Positive goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and amortised over its |
| estimated useful life up to a maximum of 20 years. This length of time is presumed to be the maximum useful life of |
| purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at |
| the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances |
| emerge that indicate that the carrying value may not be recoverable. |
| Amortisation |
| Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated |
| useful economic life of that asset as follows: |
| Goodwill - 20 years straight line |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicle | - |
| Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs |
| of acquisition. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. Cost is calculated using the first-in first-out method and includes the normal cost of transporting stock to its present |
| location and condition. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to |
| pay less tax, or a right to receive repayments of tax. |
| Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there will be |
| suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax |
| assets and liabilities recognised have not been discounted. |
| Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in |
| which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
| RAVEL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC330704) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 1. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, |
| according to the substance of the contractual arrangement. |
| Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at |
| principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the |
| outstanding balance and are amortised over the period to the due date for repayment of the financial liability. |
| An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated |
| financial instrument. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2013 |
| and 31 August 2014 |
| AMORTISATION |
| At 1 September 2013 |
| Amortisation for year |
| At 31 August 2014 |
| NET BOOK VALUE |
| At 31 August 2014 |
| At 31 August 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2013 |
| Additions |
| At 31 August 2014 |
| DEPRECIATION |
| At 1 September 2013 |
| Charge for year |
| At 31 August 2014 |
| NET BOOK VALUE |
| At 31 August 2014 |
| At 31 August 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| RAVEL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC330704) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 4. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |