Abbreviated Company Accounts - RAYGUN LTD

08172452 RAYGUN LTD 2014-12-31 false 2014-01-01 2014-12-31 true 08172452 2014-01-01 2014-12-31 08172452 2014-12-31 08172452 2013-12-31 08172452 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 08172452 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 08172452

RAYGUN LTD

Abbreviated Accounts

31 December 2014

RAYGUN LTD Registered Number 08172452

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	1,667	3,333
Tangible assets	3	721	901
		2,388	4,234
Current assets
Stocks		69,942	48,167
Debtors		2,537	3,909
Cash at bank and in hand		6,902	10,868
		79,381	62,944
Creditors: amounts falling due within one year		(52,645)	(40,805)
Net current assets (liabilities)		26,736	22,139
Total assets less current liabilities		29,124	26,373
Total net assets (liabilities)		29,124	26,373
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		29,024	26,273
Shareholders' funds		29,124	26,373

For the year ending 31 December 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 30 June 2015

And signed on their behalf by:
R D Jenkins, Director

RAYGUN LTD Registered Number 08172452

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

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 basis:

Fixtures and fittings - 20% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilites. It is amortised to the profit and loss account over its estimated economic life.

2Intangible fixed assets

	£
Cost
At 1 January 2014	4,999
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	4,999
Amortisation
At 1 January 2014	1,666
Charge for the year	1,666
On disposals	-
At 31 December 2014	3,332
Net book values
At 31 December 2014	1,667
At 31 December 2013	3,333

3Tangible fixed assets

	£
Cost
At 1 January 2014	1,126
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	1,126
Depreciation
At 1 January 2014	225
Charge for the year	180
On disposals	-
At 31 December 2014	405
Net book values
At 31 December 2014	721
At 31 December 2013	901

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100