Abbreviated Company Accounts - REACT 24 SEVEN LIMITED

REACT 24 SEVEN LIMITED - Company Information

04770537 REACT 24 SEVEN LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 04770537 2013-05-01 2014-04-30 04770537 2014-04-30 04770537 2013-04-30 04770537 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 04770537 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 04770537

REACT 24 SEVEN LIMITED

Abbreviated Accounts

30 April 2014

REACT 24 SEVEN LIMITED Registered Number 04770537

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	16,557	-
		16,557	-
Current assets
Debtors		10,688	45,919
Investments		9,000	9,000
Cash at bank and in hand		47,635	55,609
		67,323	110,528
Creditors: amounts falling due within one year		(19,243)	(61,127)
Net current assets (liabilities)		48,080	49,401
Total assets less current liabilities		64,637	49,401
Total net assets (liabilities)		64,637	49,401
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		64,636	49,400
Shareholders' funds		64,637	49,401

For the year ending 30 April 2014 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 25 September 2014

And signed on their behalf by:
L McAlpine, Director

REACT 24 SEVEN LIMITED Registered Number 04770537

Notes to the Abbreviated Accounts for the period ended 30 April 2014

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land 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:

Land and buildings Freehold 10% straight line
Computer equipment 25% straight line
Fixtures, fittings & equipment 20% straight line

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

Other accounting policies
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).

Investments
Current asset investments are stated at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 May 2013	1,151
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	1,151
Amortisation
At 1 May 2013	1,151
Charge for the year	-
On disposals	-
At 30 April 2014	1,151
Net book values
At 30 April 2014	0
At 30 April 2013	0

3Tangible fixed assets

	£
Cost
At 1 May 2013	4,522
Additions	17,832
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	22,354
Depreciation
At 1 May 2013	4,522
Charge for the year	1,275
On disposals	-
At 30 April 2014	5,797
Net book values
At 30 April 2014	16,557
At 30 April 2013	0

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1