Recluse Industries Limited - Abbreviated accounts

RECLUSE INDUSTRIES LIMITED - Company Information

Registered number

08787062

Recluse Industries Limited

Abbreviated Accounts

30 November 2014

Recluse Industries Limited
Registered number: 08787062
Abbreviated Balance Sheet
as at 30 November 2014

Notes			2014
£
Fixed assets
Tangible assets	2		1,244

Current assets
Debtors		285
Cash at bank and in hand		43,393
		43,678

Creditors: amounts falling due within one year		(11,682)

Net current assets			31,996

Total assets less current liabilities			33,240


Provisions for liabilities			(249)


Net assets			32,991

Capital and reserves
Called up share capital	3		100
Profit and loss account			32,891

Shareholder's funds			32,991

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr M Wheeler
Director
Approved by the board on 31 July 2015

Recluse Industries Limited
Notes to the Abbreviated Accounts
for the period ended 30 November 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	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.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Computer equipment			20% straight line
	Fixtures & Fittings			25% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	Additions					1,841
	At 30 November 2014					1,841

	Depreciation
	Charge for the period					597
	At 30 November 2014					597

	Net book value
	At 30 November 2014					1,244


3	Share capital	Nominal		2014		2014
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		100





4	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr M Wheeler
	Directors Loan account	-		4,314		(5,041)		(727)

		-		4,314		(5,041)		(727)

	Of the £5,041.37 repaid as shown above £5,000.00 comprised a voted dividend. The balance owed to the director of £727.21 is included within other creditors. The balance has no interest charged thereon. There are no conditions attached to advances to the director, however the director must ensure that any transactions between company and director are not detrimental to the company.