Raindrops Scandinavia Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04892985 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

for

RAINDROPS SCANDINAVIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs N Horne

SECRETARY:

N Horne

REGISTERED OFFICE:

Dexam

Unit 8 - 10

Holmbush Industrial Estate

Midhurst

West Sussex

GU29 9HX

REGISTERED NUMBER:

04892985 (England and Wales)

ACCOUNTANTS:

Adams Beeny Limited

Chartered Certified Accountants

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

FIXED ASSETS

Tangible assets

2

840

1,120

CURRENT ASSETS

Stocks

58,015

64,701

Debtors

5,480

11,779

Cash at bank and in hand

39,212

20,400

102,707

96,880

CREDITORS

Amounts falling due within one year

33,527

42,485

NET CURRENT ASSETS

69,180

54,395

TOTAL ASSETS LESS CURRENT LIABILITIES

70,020

55,515

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

69,920

55,415

SHAREHOLDERS' FUNDS

70,020

55,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 16 November 2015 and were signed by:

Mrs N Horne - 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.

Plant and machinery etc

-

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 July 2014

and 30 June 2015

7,327

DEPRECIATION

At 1 July 2014

6,207

Charge for year

280

At 30 June 2015

6,487

NET BOOK VALUE

At 30 June 2015

840

At 30 June 2014

1,120

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2015 and

30 June 2014:

30.6.15

30.6.14

£

£

Mrs N Horne

Balance outstanding at start of year

(29,983

)

(23,991

)

Amounts advanced

222

226

Amounts repaid

-

(6,218

)

Balance outstanding at end of year

(29,761

)

(29,983

)

The loan from the director is interest free and repayable on demand.