Abbreviated Company Accounts - RATCLIFF LINDSAY DESIGN & MANAGEMENT LIMITED

Abbreviated Company Accounts - RATCLIFF LINDSAY DESIGN & MANAGEMENT LIMITED

RATCLIFF LINDSAY DESIGN & MANAGEMENT LIMITED - Company Information

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Registered Number 05128140

RATCLIFF LINDSAY DESIGN & MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2015

RATCLIFF LINDSAY DESIGN & MANAGEMENT LIMITED Registered Number 05128140

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 3,310 2,276
3,310 2,276
Current assets
Debtors 8,200 32,776
Cash at bank and in hand 44,472 23,307
52,672 56,083
Creditors: amounts falling due within one year (54,725) (51,716)
Net current assets (liabilities) (2,053) 4,367
Total assets less current liabilities 1,257 6,643
Total net assets (liabilities) 1,257 6,643
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,157 6,543
Shareholders' funds 1,257 6,643
  • 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 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 29 December 2015

And signed on their behalf by:
Mr SM Ratcliff, Director

RATCLIFF LINDSAY DESIGN & MANAGEMENT LIMITED Registered Number 05128140

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
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
Office & Computer equipment 25% reducing balance basis
Fixtures & fittings 20% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 April 2014 41,072
Additions 1,306
Disposals (35,233)
Revaluations -
Transfers -
At 31 March 2015 7,145
Depreciation
At 1 April 2014 38,796
Charge for the year 271
On disposals (35,232)
At 31 March 2015 3,835
Net book values
At 31 March 2015 3,310
At 31 March 2014 2,276