ROLLY_LIMITED - Accounts

ROLLY LIMITED - Company Information

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Company Registration No. 05769636 (England and Wales)

ROLLY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

ROLLY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ROLLY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

185,153

177,374

Debtors

8,000

4,000

193,153

181,374

Creditors: amounts falling due within one year

(76,871)

(72,432)

Total assets less current liabilities

116,282

108,942

Creditors: amounts falling due after more than one year

(128,016)

(128,017)

(11,734)

(19,075)

Capital and reserves

Called up share capital

Profit and loss account

(11,794)

(19,135)

Shareholders' funds

(11,734)

(19,075)

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 January 2016

Mr APD Musry

Director

Company Registration No. 05769636

ROLLY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The balance sheet has been prepared on a going concern basis notwithstanding the negative balance sheet total. The balance sheet deficit is covered by a loan from a connected company for the foreseeable future.

1.2

Stock

Stock of land and development costs is valued at the lower of cost and net realisable value.

1.3

Revenue recognition

Income on the disposal of trading stock is recognised on completion.

Share capital

2015

2014

Allotted, called up and fully paid

60 Ordinary Shares of £1 each