Accounts filed on 31-12-2013

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			Company registration number:03409975
			RAKGARD INTERNATIONAL LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 December 2013

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RAKGARD INTERNATIONAL LIMITED
BALANCE SHEET
AS AT 31 December 2013
			2013				2012
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			1,153				1,140
					1,153				1,140
CURRENT ASSETS
Stocks			34,655				31,683
Debtors			9,239				9,887
Cash at bank and in hand			7,533				21,159
			51,427				62,729
CREDITORS
Amounts falling due within one year			(7,951)				(21,375)
NET CURRENT ASSETS					43,476				41,354
TOTAL ASSETS LESS
CURRENT LIABILITIES					44,629				42,494
NET ASSETS					44,629				42,494
CAPITAL AND RESERVES
Called-up equity share capital		3			85				85
Share Premium Account					496				496
Profit and loss account					44,048				41,913
SHAREHOLDERS FUNDS					44,629				42,494
For the year ending 31 December 2013 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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 29 September 2014 and signed on its behalf.
..........................................................................
Ivan Hodges
29 September 2014
The annexed notes form part of these financial statements.

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RAKGARD INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention.

Statement of cashflow

The company has taken advantage of the exemption provided by Financial Reporting Standard 1 and has not prepared a cash flow statement for the period.

Turnover

Turnover represents the net invoiced sales of the manufacture of guards for warehouse storage racks.

Fixed assets

Depreciation is calculated using the straight line method on the gross values of fixed assets without any deduction for government grants. The following rates are used:

Plant10%

Stocks and work In progress

Stocks have been valued at the lower of cost and net realisable value.

Deferred taxation

Deferred Taxation is provided on the liability method in respect of the taxation effect of all timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable future.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			16,940
	Additions			250
	At end of period			17,190
	Depreciation
	At start of period			15,800
	Provided during the period			237
	At end of period			16,037
	Net Book Value
	At start of period			1,140
	At end of period			1,153

3.	Share capital				Allotted, issued and fully paid
					2013	2012
					£	£
	Allotted, Issued and Fully Paid				85	85
	Total issued share capital				85	85
4.	Transactions with directors
	The company operates a loan account with its director, which is interest free, with no determined repayment date. The balance outstanding as at the 31 December 2013 was £2,649 (2012: £ 356).