Renewable Solutions Today Ltd - Period Ending 2014-03-31

Registration number: 06803721

Renewable Solutions Today Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Renewable Solutions Today Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Renewable Solutions Today Ltd
(Registration number: 06803721)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					2,052			2,467
Current assets
Debtors					167			3,162
Cash at bank and in hand					3,937			220
					4,104			3,382
Creditors: Amounts falling due within one year					(1,058)			(1,206)
Net current assets					3,046			2,176
Net assets					5,098			4,643
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					4,098			3,643
Shareholders' funds					5,098			4,643

For the year ending 31 March 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 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 10 September 2014

.........................................
Mr Iain Nicholas Wilson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Renewable Solutions Today Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... 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 the sale of goods and services 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	15% reducing balance
Office equipment	20% reducing balance

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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Renewable Solutions Today Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		5,196			5,196
At 31 March 2014		5,196			5,196
Depreciation
At 1 April 2013		2,729			2,729
Charge for the year		415			415
At 31 March 2014		3,144			3,144
Net book value
At 31 March 2014		2,052			2,052
At 31 March 2013		2,467			2,467

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary A shares of £1 each		500			500			500			500
Ordinary B shares of £1 each		500			500			500			500
		1,000			1,000			1,000			1,000

4

Control

The company is controlled by VI Distribution Limited who hold 100% of the issued share capital.

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