Raleigh Seeds Limited - Period Ending 2015-01-31

Registration number: 08378415

Raleigh Seeds Limited

Unaudited Abbreviated Accounts

FOR THE Year Ended 31 January 2015
 

Raleigh Seeds Limited
Contents

			Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Raleigh Seeds Limited
(Registration number: 08378415)
Abbreviated Balance Sheet at 31 January 2015

		Note			31 January 2015 £			31 January 2014 £
Fixed assets
Tangible fixed assets					260			306
Current assets
Debtors					3,093			18,377
Cash at bank and in hand					4,373			2,983
					7,466			21,360
Creditors: Amounts falling due within one year					(6,105)			(16,882)
Net current assets					1,361			4,478
Total assets less current liabilities					1,621			4,784
Provisions for liabilities					-			(61)
Net assets					1,621			4,723
Capital and reserves
Called up share capital		3			20			20
Profit and loss account					1,601			4,703
Shareholders' funds					1,621			4,723

For the year ending 31 January 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board on 20 April 2015 and signed on its behalf by:

.........................................
S Mowbray
Director

.........................................
M J Carter
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Raleigh Seeds Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Equipment	15% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		329			329
At 31 January 2015		329			329
Depreciation
At 1 February 2014		23			23
Charge for the year		46			46
At 31 January 2015		69			69
Net book value
At 31 January 2015		260			260
At 31 January 2014		306			306

Page 2

Raleigh Seeds Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 January 2015						31 January 2014
		No.			£			No.			£
Ordinary of £1 each		20			20			20			20

Page 3