RISSEMERE_LIMITED - Accounts

RISSEMERE LIMITED - Company Information

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Company Registration No. 08081133 (England and Wales)

RISSEMERE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

RISSEMERE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

RISSEMERE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

Current assets

Debtors

10,578

3,449

Cash at bank and in hand

11,285

12,015

21,863

15,464

Creditors: amounts falling due within one year

(20,988)

(14,557)

Net current assets

875

907

Total assets less current liabilities

876

908

Capital and reserves

Called up share capital

100

Profit and loss account

776

808

Shareholders' funds

876

908

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 19 January 2016

Mr O R Everett

Director

Company Registration No. 08081133

RISSEMERE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 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).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services gross of VAT and trade discounts as the company is on a Flat Rate Scheme for VAT. A separate line is included within the profit and loss for the VAT payments.

1.4

Trademark

Trademarks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

Fixed assets

Intangible assets

Cost

At 1 June 2014 & at 31 May 2015

At 31 May 2014

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Related party relationships and transactions

Directors loan account

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Oliver Everett Loan

3.25

3,450

11,105

221

4,198

10,578

3,450

11,105

221

4,198

10,578