Abbreviated Company Accounts - RICK FINC ASSOCIATES LIMITED

Abbreviated Company Accounts - RICK FINC ASSOCIATES LIMITED


Registered Number SC381615

RICK FINC ASSOCIATES LIMITED

Abbreviated Accounts

31 July 2012

RICK FINC ASSOCIATES LIMITED Registered Number SC381615

Abbreviated Balance Sheet as at 31 July 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 816 1,088
816 1,088
Current assets
Debtors 32,120 -
Cash at bank and in hand 20,320 15,902
52,440 15,902
Creditors: amounts falling due within one year (25,876) (15,325)
Net current assets (liabilities) 26,564 577
Total assets less current liabilities 27,380 1,665
Total net assets (liabilities) 27,380 1,665
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 27,378 1,663
Shareholders' funds 27,380 1,665
  • For the year ending 31 July 2012 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 15 July 2015

And signed on their behalf by:
Rick Finc, Director

RICK FINC ASSOCIATES LIMITED Registered Number SC381615

Notes to the Abbreviated Accounts for the period ended 31 July 2012

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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance.

2Tangible fixed assets
£
Cost
At 1 August 2011 1,450
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2012 1,450
Depreciation
At 1 August 2011 362
Charge for the year 272
On disposals -
At 31 July 2012 634
Net book values
At 31 July 2012 816
At 31 July 2011 1,088
3Called Up Share Capital
Allotted, called up and fully paid:
2012
£
2011
£
2 Ordinary shares of £1 each 2 2