Reeves Training & Assessment Limited - Period Ending 2015-07-31

Registration number: 06970831

Reeves Training & Assessment Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

Sandwell Accountancy Services Limited
Certified Public Accountants
Old Bank Buildings
Upper High Street
Cradley Heath
West Midlands
B64 5HY

Reeves Training & Assessment Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Certified Public Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Reeves Training & Assessment Limited
for the Year Ended 31 July 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Reeves Training & Assessment Limited for the year ended 31 July 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Reeves Training & Assessment Limited. Our work has been undertaken solely to prepare for your approval the accounts of Reeves Training & Assessment Limited and state those matters that we have agreed to state to them. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reeves Training & Assessment Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Reeves Training & Assessment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Reeves Training & Assessment Limited. You consider that Reeves Training & Assessment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Reeves Training & Assessment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Sandwell Accountancy Services Limited
Certified Public Accountants
Old Bank Buildings
Upper High Street
Cradley Heath
West Midlands
B64 5HY

8 March 2016

Page 1

Reeves Training & Assessment Limited
(Registration number: 06970831)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					381			478
Current assets
Debtors					2,104			-
Cash at bank and in hand					1,449			2,467
					3,553			2,467
Creditors: Amounts falling due within one year					(5,779)			(1,827)
Net current (liabilities)/assets					(2,226)			640
Net (liabilities)/assets					(1,845)			1,118
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(1,847)			1,116
Shareholders' (deficit)/funds					(1,845)			1,118

For the year ending 31 July 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 7 March 2016 and signed on its behalf by:

......................................... Mrs M M Reeves Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Reeves Training & Assessment Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	20% Reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		1,401			1,401
At 31 July 2015		1,401			1,401
Depreciation
At 1 August 2014		923			923
Charge for the year		97			97
At 31 July 2015		1,020			1,020
Net book value
At 31 July 2015		381			381
At 31 July 2014		478			478

Page 3

Reeves Training & Assessment Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 4