Abbreviated Company Accounts - RESOURCE INVESTMENTS LTD

RESOURCE INVESTMENTS LTD - Company Information

07925700 RESOURCE INVESTMENTS LTD 2014-12-31 false 2014-01-01 2014-12-31 true 07925700 2014-01-01 2014-12-31 07925700 2014-12-31 07925700 2013-12-31 07925700 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07925700 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 07925700

RESOURCE INVESTMENTS LTD

Abbreviated Accounts

31 December 2014

RESOURCE INVESTMENTS LTD Registered Number 07925700

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	37,500	37,500
		37,500	37,500
Current assets
Debtors	3	709,407	261,391
Cash at bank and in hand		9,268	32,859
		718,675	294,250
Creditors: amounts falling due within one year		(921,174)	(436,529)
Net current assets (liabilities)		(202,499)	(142,279)
Total assets less current liabilities		(164,999)	(104,779)
Total net assets (liabilities)		(164,999)	(104,779)
Capital and reserves
Called up share capital	4	200	100
Profit and loss account		(165,199)	(104,879)
Shareholders' funds		(164,999)	(104,779)

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 30 November 2015

And signed on their behalf by:
DONALD CRAWLEY, Director

RESOURCE INVESTMENTS LTD Registered Number 07925700

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

1Accounting Policies

Basis of measurement and preparation of accounts
a)Basis of accounting
The financial statements have been prepared on the going concern basis on the assumption of the continued availability of finance from the shareholders.

b)Accounting conventions.
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities(effective April 2008)
The company has taken advantage of the exemptions conferred by the Financial Reporting Standard from presenting a cash flow statement as it qualifies as a small company.

Turnover policy
Turnover
The company will in due course generate income from licencing technologies, consultancy services and income from investments.

Valuation information and policy
Unquoted Investments.
Unquoted investments are valued at cost less any necessary provision for diminution in value.

Other accounting policies
Research and Development.
The company sponsors research and development of eco friendly products. All costs involved are written off immediately to profit and loss.

2Fixed assets Investments
INVESTMENTS

The company owns 42% of the issued share capital of Glasseco Int Ltd, a company registered in England and Wales.

3Debtors

DEBTORS
. 31st December 14 31st December 13
. £ £
. Other Debtors 859 2,465
. Monies owed by Glasseco Int Ltd 708,548 258,926
----------- ----------
. 709,407 261,391
----------- -----------

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
200 Ordinary shares of £1 each (100 shares for 2013)	200	100

On the 25th September 2014 the company issued 100 new ordinary shares.