Abbreviated Company Accounts - RETRA LIMITED

Registered Number 05676768

RETRA LIMITED

Abbreviated Accounts

30 April 2015

RETRA LIMITED Registered Number 05676768

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	59,956	65,230
		59,956	65,230
Current assets
Debtors		4,269	3,908
Cash at bank and in hand		232	289
		4,501	4,197
Creditors: amounts falling due within one year		(117,993)	(132,847)
Net current assets (liabilities)		(113,492)	(128,650)
Total assets less current liabilities		(53,536)	(63,420)
Total net assets (liabilities)		(53,536)	(63,420)
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(54,536)	(64,420)
Shareholders' funds		(53,536)	(63,420)

For the year ending 30 April 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 22 January 2016

And signed on their behalf by:
J HARTER, Director

RETRA LIMITED Registered Number 05676768

Notes to the Abbreviated Accounts for the period ended 30 April 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 the value of services provided to the horseracing and blood stock industry, stated net of valued added tax.

Tangible assets depreciation policy
Depreciation has been provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives.
Arena Straight Line basis at 5% per annum
Stables Straight Line basis at 5% per annum
Equipment Reducing balance basis at 25% per annum

2Tangible fixed assets

	£
Cost
At 1 May 2014	106,186
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	106,186
Depreciation
At 1 May 2014	40,956
Charge for the year	5,274
On disposals	-
At 30 April 2015	46,230
Net book values
At 30 April 2015	59,956
At 30 April 2014	65,230