Race Team Cleaning Limited - Abbreviated Accounts

RACE TEAM CLEANING LIMITED - Company Information

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Race Team Cleaning Limited

Company No. 04372202

ABBREVIATED ACCOUNTS

for the year ended 31st March 2015

Race Team Cleaning Limited

Company No. 04372202

ABBREVIATED BALANCE SHEET

as at 31st March 2015

				2014
	Note	£	£	£
FIXED ASSETS
Intangible assets			-	-
Tangible assets	2		3313	2542
Investments			-	-
			3313	2542
CURRENT ASSETS
Stocks		-		-
Debtors		1104		1948
Investments held as current assets		-		-
Cash at bank and in hand		15071		16754
		16175		18702
Creditors: amounts falling due
within one year		15411		8881
NET CURRENT ASSETS			764	9821
TOTAL ASSETS LESS CURRENT LIABILITIES			4077	12363

Creditors: amounts falling due
after more than one year			-	-

Provisions for liabilities and charges			-	-

			4077	12363
CAPITAL AND RESERVES

Called up share capital			1	1
Share premium account			-	-
Revaluation reserve			-	-
Other reserves			-	-
Profit and loss account			4076	12362

SHAREHOLDERS FUNDS			4077	12363

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime.

For the year ended 31st March 2015 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 28 September 2015

M A Race

Director

Race Team Cleaning Limited

NOTES TO THE ABBREVIATED ACCOUNTS

for the year ended 31st March 2015

1 Accounting Policies

The accounts have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards.

Turnover

Turnover represents the invoiced value of goods and services supplied by the Company, net of value added tax and trade discounts.

Depreciation

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles

25% reducing balance

2 Tangible Fixed Assets
	£
Cost

At 1st April 2014	14227
Additions	1875
Surplus on revaluation	-
Disposals	-
At 31st March 2015	16102

Depreciation

At 1st April 2014	11685
Charge for year	1104
Released by Disposals	-
At 31st March 2015	12789

Net Book Value

At 31st March 2015	3313
At 31st March 2014	2542