Abbreviated Company Accounts - RAPTOR EQUIPMENT LIMITED

Abbreviated Company Accounts - RAPTOR EQUIPMENT LIMITED


Registered Number SC430505

RAPTOR EQUIPMENT LIMITED

Abbreviated Accounts

31 August 2013

RAPTOR EQUIPMENT LIMITED Registered Number SC430505

Abbreviated Balance Sheet as at 31 August 2013

Notes 2013
£
Fixed assets
Tangible assets 2 2,495
2,495
Current assets
Stocks 100
Cash at bank and in hand 182
282
Creditors: amounts falling due within one year (5,716)
Net current assets (liabilities) (5,434)
Total assets less current liabilities (2,939)
Total net assets (liabilities) (2,939)
Capital and reserves
Called up share capital 3 1
Profit and loss account (2,940)
Shareholders' funds (2,939)
  • For the year ending 31 August 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 27 August 2014

And signed on their behalf by:
Donald MacPhee, Director

RAPTOR EQUIPMENT LIMITED Registered Number SC430505

Notes to the Abbreviated Accounts for the period ended 31 August 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
The turnover and profit before taxation is attributable to the one principal activity of the company

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are;
Plant and machinery - 25% Reducing Balance
Computer Equipment - 33% Straight Line
Motor Vehicle - 25% Reducing Balance

Intangible assets amortisation policy
Intangible assets are in respect to the company website; it has been estimated that the asset will remain good for a period of five years and has been amortised accordingly.

2Tangible fixed assets
£
Cost
Additions 3,336
Disposals -
Revaluations -
Transfers -
At 31 August 2013 3,336
Depreciation
Charge for the year 841
On disposals -
At 31 August 2013 841
Net book values
At 31 August 2013 2,495
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
1 Ordinary shares of £1 each 1