Rakado Limited,Ltd - Accounts


2014-04-01 true false Private Limited Company 07202710 2015-03-31 07202710 2014-04-01 2015-03-31 07202710 2014-03-31 07202710 2013-04-01 2014-03-31 07202710 uk-bus:Director1 2014-04-01 2015-03-31 07202710 uk-gaap:ComputerEquipment 2014-04-01 2015-03-31 iso4217:GBP
Rakado Limited
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07202710
2
Contents Page
Rakado Limited
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Accountants' Report
For the year ended 31 March 2015
Rakado Limited
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31
March 2015 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these financial statements in order to assist you to fulfil your statutory
responsibilities, from the accounting records and information and explanations supplied to us.
Vision Accountants Ltd
46a Station Road
North Harrow
Middlesex
HA2 7SE
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Abbreviated Balance Sheet
Rakado Limited
As at 31 March 2015
07202710
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
247
224
247
224
Current assets
Debtors
2,871
2,372
Cash at bank and in hand
68,779
48,997
71,151
51,868
Creditors: amounts falling due within one year
(14,534)
(50,346)
37,334
20,805
Net current assets
Total assets less current liabilities
21,052
37,558
21,052
Net assets
37,558
Capital and reserves
Called up share capital
100
100
Profit and loss account
20,952
37,458
21,052
37,558
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 10 December 2015
Mr R Ahir Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
For the year ended 31 March 2015
Rakado Limited
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
25% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
1,848
At 01 April 2014
330
Additions
At 31 March 2015
2,178
Depreciation
1,624
At 01 April 2014
307
Charge for year
1,931
At 31 March 2015
Net book values
At 31 March 2015
247
224
At 31 March 2014
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