Real Time Information Systems Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03822888

Abbreviated Accounts for the Year Ended 31 October 2014

for

Real Time Information Systems Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J A Schirn

G T Nicholson

SECRETARY:

J A Schirn

REGISTERED OFFICE:

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

REGISTERED NUMBER:

03822888

ACCOUNTANTS:

Geoffrey Cole & Co

Chartered Accountants

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

FIXED ASSETS

Tangible assets

2

5,429

8,134

CURRENT ASSETS

Debtors

128,275

80,572

Cash at bank

6,587

1,610

134,862

82,182

CREDITORS

Amounts falling due within one year

103,908

65,926

NET CURRENT ASSETS

30,954

16,256

TOTAL ASSETS LESS CURRENT LIABILITIES

36,383

24,390

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

36,381

24,388

SHAREHOLDERS' FUNDS

36,383

24,390

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 July 2015 and were signed on its behalf by:

J A Schirn - 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 goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

35,213

Additions

1,287

At 31 October 2014

36,500

DEPRECIATION

At 1 November 2013

27,079

Charge for year

3,992

At 31 October 2014

31,071

NET BOOK VALUE

At 31 October 2014

5,429

At 31 October 2013

8,134

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

2

2