Abbreviated Company Accounts - R2 IT LIMITED

Registered Number 06055773

R2 IT LIMITED

Abbreviated Accounts

31 January 2016

R2 IT LIMITED Registered Number 06055773

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	423
		-	423
Current assets
Stocks		7,175	7,000
Debtors		10,144	5,007
Cash at bank and in hand		514	61
		17,833	12,068
Creditors: amounts falling due within one year		(17,335)	(14,472)
Net current assets (liabilities)		498	(2,404)
Total assets less current liabilities		498	(1,981)
Total net assets (liabilities)		498	(1,981)
Capital and reserves
Called up share capital		150	150
Profit and loss account		348	(2,131)
Shareholders' funds		498	(1,981)

For the year ending 31 January 2016 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 5 May 2016

And signed on their behalf by:
PAUL ROSCOE, Director

R2 IT LIMITED Registered Number 06055773

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 20% straight line

2Tangible fixed assets

	£
Cost
At 1 February 2015	9,225
Additions	482
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	9,707
Depreciation
At 1 February 2015	8,802
Charge for the year	905
On disposals	-
At 31 January 2016	9,707
Net book values
At 31 January 2016	0
At 31 January 2015	423