Abbreviated Company Accounts - RACE THE DRAGON LIMITED

Abbreviated Company Accounts - RACE THE DRAGON LIMITED

RACE THE DRAGON LIMITED - Company Information

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Registered Number 06648095

RACE THE DRAGON LIMITED

Abbreviated Accounts

30 November 2013

RACE THE DRAGON LIMITED Registered Number 06648095

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 16,275 6,884
16,275 6,884
Current assets
Stocks 48,150 47,150
Debtors 18,436 4,424
Cash at bank and in hand 16,317 10,974
82,903 62,548
Creditors: amounts falling due within one year (85,448) (78,609)
Net current assets (liabilities) (2,545) (16,061)
Total assets less current liabilities 13,730 (9,177)
Total net assets (liabilities) 13,730 (9,177)
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,630 (9,277)
Shareholders' funds 13,730 (9,177)
  • For the year ending 30 November 2013 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 28 August 2014

And signed on their behalf by:
D WINDSOR, Director

RACE THE DRAGON LIMITED Registered Number 06648095

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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 total invoice value,excluding value added tax,of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows :-

Plant and Machinery 25% reducing balance
Computer Equipment 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 December 2012 17,690
Additions 14,816
Disposals -
Revaluations -
Transfers -
At 30 November 2013 32,506
Depreciation
At 1 December 2012 10,806
Charge for the year 5,425
On disposals -
At 30 November 2013 16,231
Net book values
At 30 November 2013 16,275
At 30 November 2012 6,884