RAJ_NEWSAGENTS_LTD - Accounts

RAJ NEWSAGENTS LTD - Company Information

Print Friendly Version

Company Registration No. 04461255 (England and Wales)

RAJ NEWSAGENTS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

RAJ NEWSAGENTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RAJ NEWSAGENTS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

28,200

31,725

Tangible assets

405

703

28,605

32,428

Current assets

Stocks

15,852

23,375

Debtors

1,802

2,088

Cash at bank and in hand

14,719

13,391

32,373

38,854

Creditors: amounts falling due within one year

(39,867)

(39,919)

Net current liabilities

(7,494)

(1,065)

Total assets less current liabilities

21,111

31,363

Capital and reserves

Called up share capital

100

Profit and loss account

21,011

31,263

Shareholders' funds

21,111

31,363

For the financial year ended 30 June 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 11 February 2016

Mr Joga Singh

Director

Company Registration No. 04461255

RAJ NEWSAGENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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 net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% on cost

Motor vehicles

25% on cost

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2014 & at 30 June 2015

70,500

31,139

101,639

Depreciation

At 1 July 2014

38,775

30,436

69,211

Charge for the year

3,525

298

3,823

At 30 June 2015

42,300

30,734

73,034

Net book value

At 30 June 2015

28,200

405

28,605

At 30 June 2014

31,725

703

32,428

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

RAJ NEWSAGENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Related party relationships and transactions

1. Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Joga Singh

13,438

The advance was interest free, unsecured and repayable on demand.