Red Triangle Energy Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08202131 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Red Triangle Energy Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R E Atkins

Mrs H Allinson

REGISTERED OFFICE:

1st Floor, Photostatic House

39-41 West End Street

Norwich

Norfolk

NR2 4NA

REGISTERED NUMBER:

08202131 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Tangible assets

2

18,077

2,981

CURRENT ASSETS

Debtors

42,548

10,948

Cash at bank

983

3,946

43,531

14,894

CREDITORS

Amounts falling due within one year

61,182

118,618

NET CURRENT LIABILITIES

(17,651

)

(103,724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

426

(100,743

)

PROVISIONS FOR LIABILITIES

326

-

NET ASSETS/(LIABILITIES)

100

(100,743

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

-

(100,843

)

SHAREHOLDERS' FUNDS

100

(100,743

)

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

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

The directors acknowledge their 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 Board of Directors on 30 June 2016 and were signed on its behalf by:

Mrs H Allinson - 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 January 2015).

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

-

33% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

5,456

Additions

19,184

At 30 September 2015

24,640

DEPRECIATION

At 1 October 2014

2,475

Charge for year

4,088

At 30 September 2015

6,563

NET BOOK VALUE

At 30 September 2015

18,077

At 30 September 2014

2,981

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2015 and

30 September 2014:

30.9.15

30.9.14

£

Mrs H Allinson

Balance outstanding at start of year

-

Amounts advanced

100,613

-

Amounts repaid

(97,604

)

-

Balance outstanding at end of year

3,009

-

R E Atkins

Balance outstanding at start of year

-

Amounts advanced

58,710

-

Amounts repaid

(43,572

)

-

Balance outstanding at end of year

15,138

-

At the balance sheet date both directors have outstanding loans. Mr Richard Atkins owes the company £15,138 and Mrs

Helen Allinson owes the company £3,009. These amounts were cleared by the payment of dividends before 30 June 2016.