Red Miracle (Hereford) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06042243 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

RED MIRACLE (HEREFORD) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Salariya

Mrs B Salariya

SECRETARY:

Mrs B Salariya

REGISTERED OFFICE:

38A High Street

Northwood

Middlesex

HA6 1BN

REGISTERED NUMBER:

06042243 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

38A High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Intangible assets

2

20,000

30,000

Tangible assets

3

55,297

39,984

75,297

69,984

CURRENT ASSETS

Stocks

3,839

4,306

Debtors

425,532

315,167

Cash at bank and in hand

99,804

90,768

529,175

410,241

CREDITORS

Amounts falling due within one year

4

187,378

216,433

NET CURRENT ASSETS

341,797

193,808

TOTAL ASSETS LESS CURRENT LIABILITIES

417,094

263,792

CREDITORS

Amounts falling due after more than one year

4

(47,858

)

(13,352

)

PROVISIONS FOR LIABILITIES

(7,000

)

(7,000

)

NET ASSETS

362,236

243,440

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

362,136

243,340

SHAREHOLDERS' FUNDS

362,236

243,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 October 2015 and were signed on its behalf by:

A Salariya - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 receivable for goods and services provided in the UK, stated net

of value added tax.

Goodwill

Goodwill purchased on acquisition of a business is included in fixed assets and amortised over

10 years in equal annual instalments. The directors consider this period to be a reasonable

estimate of the economic life over which the value of the acquired business would be expected

to exceed the values of its identifiable assets and liabilities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation

computations in periods different from those in which they are included in the company's

financial statements. Deferred tax is provided in full on timing differences which result in an

obligation to pay more (or less) tax at a future date, at the average tax rates that are expected

to apply when the timing differences reverse, based on current tax rates and laws.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

100,000

AMORTISATION

At 1 April 2014

70,000

Amortisation for year

10,000

At 31 March 2015

80,000

NET BOOK VALUE

At 31 March 2015

20,000

At 31 March 2014

30,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

117,372

Additions

25,082

At 31 March 2015

142,454

DEPRECIATION

At 1 April 2014

77,388

Charge for year

9,769

At 31 March 2015

87,157

NET BOOK VALUE

At 31 March 2015

55,297

At 31 March 2014

39,984

4.

CREDITORS

Creditors include an amount of £ 63,000 (2014 - £ 32,124 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1.00

100

100