Racing Fixtures Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03753924 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

RACING FIXTURES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D A Turnbull

Miss E K Turnbull

SECRETARY:

Miss E K Turnbull

REGISTERED OFFICE:

31 Islay Road

Sinfin Moor

Derby

Derbyshire

DE24 9LG

REGISTERED NUMBER:

03753924 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Ltd

Chartered Accountants

The Old Coach House

Horse fair

Rugeley

Staffordshire

WS15 2EL

FIXED ASSETS

904

Tangible assets

2

1,491

CURRENT ASSETS

1,260

Debtors

5,104

6,654

Cash at bank

672

7,914

5,776

CREDITORS

15,432

Amounts falling due within one year

12,406

(7,518

)

NET CURRENT LIABILITIES

(6,630

)

(6,614

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,139

)

CAPITAL AND RESERVES

2

Called up share capital

3

2

(6,616

)

Profit and loss account

(5,141

)

(6,614

)

SHAREHOLDERS' FUNDS

(5,139

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 28 January 2016 and were signed on its behalf by:

D A Turnbull - 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

-

15% on cost

Computer equipment

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

5,997

Additions

1,798

Disposals

(4,896

)

At 30 April 2015

2,899

DEPRECIATION

At 1 May 2014

5,093

Charge for year

593

Eliminated on disposal

(4,278

)

At 30 April 2015

1,408

NET BOOK VALUE

At 30 April 2015

1,491

At 30 April 2014

904

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

2

Ordinary

£1

2

2

4.	INSOLVENCY

Although the company is technically insolvent it continues to meet its liabilities as they fall due. The directors

are confident that the position will be reversed in the forthcoming financial year.

5.	CONTROLLING PARTY

Mr & Mrs Turnbull control the company by virtue of owning 50% each of the issued ordinary share capital.