Abbreviated Company Accounts - RAME ARCHITECTS LIMITED

Abbreviated Company Accounts - RAME ARCHITECTS LIMITED

RAME ARCHITECTS LIMITED - Company Information

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Registered Number 05845793

RAME ARCHITECTS LIMITED

Abbreviated Accounts

30 June 2015

RAME ARCHITECTS LIMITED Registered Number 05845793

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 15,941 15,779
15,941 15,779
Current assets
Stocks - 5,610
Debtors 51,208 218,013
Cash at bank and in hand 2 9,506
51,210 233,129
Creditors: amounts falling due within one year 3 (58,016) (70,761)
Net current assets (liabilities) (6,806) 162,368
Total assets less current liabilities 9,135 178,147
Creditors: amounts falling due after more than one year 3 (377) (754)
Total net assets (liabilities) 8,758 177,393
Capital and reserves
Called up share capital 2 1
Profit and loss account 8,756 177,392
Shareholders' funds 8,758 177,393
  • For the year ending 30 June 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 24 March 2016

And signed on their behalf by:
S W Nicholson, Director

RAME ARCHITECTS LIMITED Registered Number 05845793

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Tangible fixed assets and depreciation:

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Motor vehicles - 25% reducing balance

Office
equipment - 25% reducing balance

Other accounting policies
Leasing and hire purchase commitments:

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Stock:

Work in progress is valued at selling price.

2Tangible fixed assets
£
Cost
At 1 July 2014 45,171
Additions 5,476
Disposals -
Revaluations -
Transfers -
At 30 June 2015 50,647
Depreciation
At 1 July 2014 29,392
Charge for the year 5,314
On disposals -
At 30 June 2015 34,706
Net book values
At 30 June 2015 15,941
At 30 June 2014 15,779
3Creditors
2015
£		 2014
£
Secured Debts 754 1,131

4Transactions with directors

Name of director receiving advance or credit: S W Nicholson
Description of the transaction: Loan
Balance at 1 July 2014: £ 178,104
Advances or credits made: -
Advances or credits repaid: £ 178,104
Balance at 30 June 2015: £ 0

Interest of £4690 (2014 - £3365) was charged by the company to Mr S W Nicholson during the year.