Redloan Limited - Limited company - abbreviated

REGISTERED NUMBER: SC370742 (Scotland)

Abbreviated Accounts

For The Year Ended 31 January 2015

for

Redloan Limited

T/A

The Mobility Centre

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S T Laughlin

REGISTERED OFFICE:

10 Howard Court

East Kilbride

Glasgow

G74 4QZ

REGISTERED NUMBER:

SC370742 (Scotland)

ACCOUNTANTS:

Cahill Jack Associates Limited

91 Alexander Street

Airdrie

North Lanarkshire

ML6 0BD

FIXED ASSETS

Tangible assets

2

10,009

11,796

CURRENT ASSETS

Stocks

11,019

7,842

Debtors

10,591

10,617

Cash at bank

114,810

66,272

136,420

84,731

CREDITORS

Amounts falling due within one year

121,893

69,814

NET CURRENT ASSETS

14,527

14,917

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,536

26,713

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

24,535

26,712

SHAREHOLDERS' FUNDS

24,536

26,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 September 2015 and were signed by:

S T Laughlin - 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 the sale of mobility aids and products, excluding VAT.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 February 2014

13,839

Additions

1,548

At 31 January 2015

15,387

DEPRECIATION

At 1 February 2014

2,043

Charge for year

3,335

At 31 January 2015

5,378

NET BOOK VALUE

At 31 January 2015

10,009

At 31 January 2014

11,796

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

Redloan Limited - Limited company - abbreviated - 11.6

Redloan Limited - Limited company - abbreviated - 11.6