| REDEFINED LTD |
| Balance Sheet |
| as at 31 July 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
7,118 |
|
|
9,433 |
|
| Current assets |
| Debtors |
5 |
|
20,280 |
|
|
8,734 |
| Cash at bank and in hand |
|
|
398 |
|
|
3,724 |
|
|
|
20,678 |
|
|
12,458 |
|
| Creditors: amounts falling due within one year |
6 |
|
(16,752) |
|
|
(15,547) |
|
| Net current assets/(liabilities) |
|
|
|
3,926 |
|
|
(3,089) |
|
| Net assets |
|
|
|
11,044 |
|
|
6,344 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
7 |
|
|
1 |
|
|
1 |
| Profit and loss account |
8 |
|
|
11,043 |
|
|
6,343 |
|
| Shareholders' funds |
|
|
|
11,044 |
|
|
6,344 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| J Dickinson |
| Director |
| Approved by the board on 22 November 2015 |
|
| REDEFINED LTD |
| Notes to the Accounts |
| for the year ended 31 July 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% on reducing balance |
|
Motor vehicles |
25% on reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Operating profit |
2015 |
|
2014 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
2,315 |
|
3,072 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2015 |
|
2014 |
| £ |
£ |
|
|
UK corporation tax |
6,691 |
|
5,444 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 August 2014 |
2,296 |
|
19,459 |
|
21,755 |
|
At 31 July 2015 |
2,296 |
|
19,459 |
|
21,755 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2014 |
1,421 |
|
10,901 |
|
12,322 |
|
Charge for the year |
175 |
|
2,140 |
|
2,315 |
|
At 31 July 2015 |
1,596 |
|
13,041 |
|
14,637 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2015 |
700 |
|
6,418 |
|
7,118 |
|
At 31 July 2014 |
875 |
|
8,558 |
|
9,433 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade debtors |
20,280 |
|
8,734 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade creditors |
1,256 |
|
1,298 |
|
Corporation tax |
6,691 |
|
5,444 |
|
Other taxes and social security costs |
8,805 |
|
8,805 |
|
|
|
|
|
|
16,752 |
|
15,547 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Profit and loss account |
2015 |
| £ |
|
|
At 1 August 2014 |
6,343 |
|
Profit for the year |
25,398 |
|
Dividends |
(20,698) |
|
|
At 31 July 2015 |
11,043 |
|
|
|
|
|
|
|
|
| 9 |
Dividends |
2015 |
|
2014 |
| £ |
£ |
|
|
Dividends for which the company became liable during the year: |
|
Dividends paid |
20,698 |
|
32,641 |
|
|
|
|
|
|
|
|
|
|
|
| 10 |
Ultimate controlling party |
|
|
The Company is under the control of J Dickinson who owns 100% of the shares. |
