Abbreviated Company Accounts - THE REAL COMPUTER SHOP LIMITED

THE REAL COMPUTER SHOP LIMITED - Company Information

03619756 THE REAL COMPUTER SHOP LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03619756 2014-01-01 2014-12-31 03619756 2014-12-31 03619756 2013-12-31 03619756 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03619756 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 03619756

THE REAL COMPUTER SHOP LIMITED

Abbreviated Accounts

31 December 2014

THE REAL COMPUTER SHOP LIMITED Registered Number 03619756

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	5,202	6,048
		5,202	6,048
Current assets
Stocks		103,790	50,416
Debtors		80,319	113,639
Cash at bank and in hand		7,692	25,872
		191,801	189,927
Creditors: amounts falling due within one year		(185,673)	(166,570)
Net current assets (liabilities)		6,128	23,357
Total assets less current liabilities		11,330	29,405
Provisions for liabilities		(696)	-
Total net assets (liabilities)		10,634	29,405
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		10,534	29,305
Shareholders' funds		10,634	29,405

For the year ending 31 December 2014 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 October 2015

And signed on their behalf by:
N V White, Director

THE REAL COMPUTER SHOP LIMITED Registered Number 03619756

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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

Plant & equipment 20% reducing balance
Fixtures and fittings 15% reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. the deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 January 2014	30,336
Additions	130
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	30,466
Depreciation
At 1 January 2014	24,288
Charge for the year	976
On disposals	-
At 31 December 2014	25,264
Net book values
At 31 December 2014	5,202
At 31 December 2013	6,048

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100