Abbreviated Company Accounts - RAY SHULMAN LIMITED

Abbreviated Company Accounts - RAY SHULMAN LIMITED

RAY SHULMAN LIMITED - Company Information

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Registered Number 04777157

RAY SHULMAN LIMITED

Abbreviated Accounts

31 July 2015

RAY SHULMAN LIMITED Registered Number 04777157

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,522 2,030
1,522 2,030
Current assets
Debtors - 18
Cash at bank and in hand 44,866 34,854
44,866 34,872
Creditors: amounts falling due within one year (46,238) (36,657)
Net current assets (liabilities) (1,372) (1,785)
Total assets less current liabilities 150 245
Total net assets (liabilities) 150 245
Capital and reserves
Called up share capital 100 100
Profit and loss account 50 145
Shareholders' funds 150 245
  • 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 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 14 April 2016

And signed on their behalf by:
Ray Shulman, Director

RAY SHULMAN LIMITED Registered Number 04777157

Notes to the Abbreviated Accounts for the period ended 31 July 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets 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:
Fixtures, Fillings &equipment 25% reducing balance.

2Tangible fixed assets
£
Cost
At 1 August 2014 11,661
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2015 11,661
Depreciation
At 1 August 2014 9,631
Charge for the year 508
On disposals -
At 31 July 2015 10,139
Net book values
At 31 July 2015 1,522
At 31 July 2014 2,030