Riseo Limited - Period Ending 2015-07-31

Registration number: 06963726

Riseo Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 31 July 2015
 

Wilds Ltd
Chartered Accountants
Lancaster House
70-76 Blackburn Street
Radcliffe
Manchester
M26 2JW

Riseo Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Riseo Limited
(Registration number: 06963726)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			2,146			1,066
Current assets
Debtors					800			16,000
Cash at bank and in hand					6,223			9,760
					7,023			25,760
Creditors: Amounts falling due within one year					(11,133)			(26,702)
Net current liabilities					(4,110)			(942)
Net (liabilities)/assets					(1,964)			124
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(1,965)			123
Shareholders' (deficit)/funds					(1,964)			124

For the year ending 31 July 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the director on 15 December 2015

......................................... Mr D Mollard Company secretary and director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Riseo Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis. The continuation of the business is dependent upon continued financial support from the shareholders and directors. They have indicated thier desire to continue to provide that support.

Turnover

The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year, exclusive of Value Added Tax.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Riseo Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		1,702			1,702
Additions		1,405			1,405
At 31 July 2015		3,107			3,107
Depreciation
At 1 August 2014		636			636
Charge for the year		325			325
At 31 July 2015		961			961
Net book value
At 31 July 2015		2,146			2,146
At 31 July 2014		1,066			1,066

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 3