RARELIVE LIMITED Accounts filed on 30-09-2014

RARELIVE LIMITED Accounts filed on 30-09-2014

RARELIVE LIMITED - Company Information

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RARELIVE LIMITED




Company Registration Number:
02357741 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st October 2013

End date: 30th September 2014

SUBMITTED

RARELIVE LIMITED

Company Information
for the Period Ended 30th September 2014




Director: M RC Bennett
Company secretary: Mrs MM Bennett
Registered office: Riverside Suite 50a Clifford Way
Maidstone
Kent
ME16 8GD
Company Registration Number: 02357741 (England and Wales)

RARELIVE LIMITED

Abbreviated Balance sheet
As at 30th September 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 3 233,339 237,405
Total fixed assets: 233,339 237,405
Current assets
Debtors: 178,051 169,680
Cash at bank and in hand: 2 356
Total current assets: 178,053 170,036
Creditors
Creditors: amounts falling due within one year 17,420 15,923
Net current assets (liabilities): 160,633 154,113
Total assets less current liabilities: 393,972 391,518
Total net assets (liabilities): 393,972 391,518

The notes form part of these financial statements

RARELIVE LIMITED

Abbreviated Balance sheet
As at 30th September 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 4 2 2
Profit and Loss account: 393,970 391,516
Total shareholders funds: 393,972 391,518

For the year ending 30 September 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 30 June 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: M RC Bennett
Status: Director

The notes form part of these financial statements

RARELIVE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th September 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    Basis of measurement and preparation of accounts The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    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.

RARELIVE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th September 2014

  • 3. Tangible assets

    Total
    Cost £
    At 01st October 2013: 285,613
    Additions: 299
    At 30th September 2014: 285,912
    Depreciation
    At 01st October 2013: 48,208
    Charge for year: 4,365
    At 30th September 2014: 52,573
    Net book value
    At 30th September 2014: 233,339
    At 30th September 2013: 237,405

RARELIVE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th September 2014

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2