Red Felix Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06831053 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Red Felix Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

5,366

1,929

CURRENT ASSETS

Debtors

1,258

19,530

Cash at bank

38,473

63,201

39,731

82,731

CREDITORS

Amounts falling due within one year

13,416

51,297

NET CURRENT ASSETS

26,315

31,434

TOTAL ASSETS LESS CURRENT LIABILITIES

31,681

33,363

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

31,581

33,263

SHAREHOLDERS' FUNDS

31,681

33,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 August 2014 and were signed on its behalf by:

O M Robinson - Director

R S Robinson - Director

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Foreign currencies

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

Uitf 40

Work in progress has been recognised in the accounts in accordance with the revenue recognition as

stated in UITF 40.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

4,784

Additions

6,073

At 31 March 2014

10,857

DEPRECIATION

At 1 April 2013

2,855

Charge for year

2,636

At 31 March 2014

5,491

NET BOOK VALUE

At 31 March 2014

5,366

At 31 March 2013

1,929

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,150 (2013 - £30,500) were paid to the directors .

Related party, as defined by FRSSE, are disclosed as follows:

Loan account with R S Robinson - Director

At the Balance Sheet date Company owed £1125 [2013: £843] to R S Robinson.

Loan account with O M Robinson - Director

At the Balance Sheet date O M Robinson owed the company £1618 [2013: (£31,417)]

5.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr O Robinson by virtue of his shareholding.