Razor Jam Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07003896 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Razor Jam Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Hinton

S Trotter

REGISTERED OFFICE:

The Workstation

15 Paternoster Row

Sheffield

S1 2BX

REGISTERED NUMBER:

07003896 (England and Wales)

ACCOUNTANTS:

Grey and Green Limited

Rutledge Mews

1-3 Southbourne Road

Sheffield

South Yorkshire

S10 2QN

FIXED ASSETS

Tangible assets

2

14,255

6,024

CURRENT ASSETS

Debtors

61,290

26,768

Cash at bank

100,782

26,155

162,072

52,923

CREDITORS

Amounts falling due within one year

74,497

23,300

NET CURRENT ASSETS

87,575

29,623

TOTAL ASSETS LESS CURRENT LIABILITIES

101,830

35,647

PROVISIONS FOR LIABILITIES

2,851

1,205

NET ASSETS

98,979

34,442

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

98,779

34,242

SHAREHOLDERS' FUNDS

98,979

34,442

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 4 January 2016 and were signed on its behalf by:

J Hinton - 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 net invoiced sales of goods, excluding value added tax.

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 - 25% on reducing balance

Computer Equipment - 33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

11,748

Additions

13,257

At 31 August 2015

25,005

DEPRECIATION

At 1 September 2014

5,724

Charge for year

5,026

At 31 August 2015

10,750

NET BOOK VALUE

At 31 August 2015

14,255

At 31 August 2014

6,024

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

120

Ordinary £1

1

120

120

80

"A" Ordinary

1

80

80

200

200