RAX Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06955235 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 July 2015

for

RAX LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Amin

REGISTERED OFFICE:

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

REGISTERED NUMBER:

06955235 (England and Wales)

ACCOUNTANTS:

Maths Partnership

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

FIXED ASSETS

Tangible assets

2

38,931

46,527

Investments

3

11,250

-

50,181

46,527

CURRENT ASSETS

Stocks

59,234

54,784

Debtors

6,396

3,929

Cash at bank and in hand

4,241

6,207

69,871

64,920

CREDITORS

Amounts falling due within one year

107,749

92,007

NET CURRENT LIABILITIES

(37,878

)

(27,087

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,303

19,440

PROVISIONS FOR LIABILITIES

7,786

9,726

NET ASSETS

4,517

9,714

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

4,516

9,713

SHAREHOLDERS' FUNDS

4,517

9,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 March 2016 and were signed by:

R Amin - 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, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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 August 2014

62,668

Additions

4,964

At 31 July 2015

67,632

DEPRECIATION

At 1 August 2014

16,141

Charge for year

12,560

At 31 July 2015

28,701

NET BOOK VALUE

At 31 July 2015

38,931

At 31 July 2014

46,527

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

11,250

At 31 July 2015

11,250

NET BOOK VALUE

At 31 July 2015

11,250

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

1

Ordinary

£1

1

1

5.	ULTIMATE PARENT COMPANY

Vrad Limited is regarded by the director as being the company's ultimate parent company.

6.	RELATED PARTY DISCLOSURES

At the year end the company owed it's parent, VRAD Limited £67,244 (£44,495 - 2014).