Roundhill Computer Systems Limited - Period Ending 2015-03-31

Registration number: 01498234

Roundhill Computer Systems Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Roundhill Computer Systems Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Roundhill Computer Systems Limited
(Registration number: 01498234)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			1,127			1,658
Current assets
Debtors					838			860
Cash at bank and in hand					2,353			1,883
					3,191			2,743
Creditors: Amounts falling due within one year					(1,155)			(1,464)
Net current assets					2,036			1,279
Total assets less current liabilities					3,163			2,937
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					3,063			2,837
Shareholders' funds					3,163			2,937

For the year ending 31 March 2015 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 director acknowledges his 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 director on 2 November 2015

.........................................
TO Frost
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Roundhill Computer Systems Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of consultancy services provided to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% to 25% straight line basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Roundhill Computer Systems Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		27,896			27,896
Additions		310			310
Disposals		(1,891)			(1,891)
At 31 March 2015		26,315			26,315
Depreciation
At 1 April 2014		26,238			26,238
Charge for the year		841			841
Eliminated on disposals		(1,891)			(1,891)
At 31 March 2015		25,188			25,188
Net book value
At 31 March 2015		1,127			1,127
At 31 March 2014		1,658			1,658

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4

Control

The company is controlled by the director T O Frost by virtue of his direct and beneficial shareholdings in the company's share capital.

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