Abbreviated Company Accounts - REEM LIMITED

Registered Number 02736411

REEM LIMITED

Abbreviated Accounts

31 December 2013

REEM LIMITED Registered Number 02736411

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	107,926	80,216
		107,926	80,216
Current assets
Debtors		76,749	163,855
Cash at bank and in hand		39,717	60,623
		116,466	224,478
Creditors: amounts falling due within one year		(452,815)	(424,691)
Net current assets (liabilities)		(336,349)	(200,213)
Total assets less current liabilities		(228,423)	(119,997)
Total net assets (liabilities)		(228,423)	(119,997)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(228,523)	(120,097)
Shareholders' funds		(228,423)	(119,997)

For the year ending 31 December 2013 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 5 August 2014

And signed on their behalf by:
Mr S Kader, Director

REEM LIMITED Registered Number 02736411

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
15% on Reduced Balance

2Tangible fixed assets

	£
Cost
At 1 January 2013	581,711
Additions	46,755
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	628,466
Depreciation
At 1 January 2013	501,495
Charge for the year	19,045
On disposals	-
At 31 December 2013	520,540
Net book values
At 31 December 2013	107,926
At 31 December 2012	80,216