Radar Finance & Leasing Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05256561 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

RADAR FINANCE & LEASING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

A J Reid

D Furniss

SECRETARY:

D Cope

REGISTERED OFFICE:

Saracens Head Buildings

Main Road

Brailsford

Ashbourne

Derbyshire

DE6 3DA

REGISTERED NUMBER:

05256561 (England and Wales)

ACCOUNTANTS:

Smith Cooper Limited

Chartered Accountants

St Helen's House

King Street

Derby

DE1 3EE

FIXED ASSETS

Tangible assets

2

1,128

910

CURRENT ASSETS

Debtors

3

142,246

91,053

Cash at bank and in hand

301,574

237,036

443,820

328,089

CREDITORS

Amounts falling due within one year

75,054

68,248

NET CURRENT ASSETS

368,766

259,841

TOTAL ASSETS LESS CURRENT LIABILITIES

369,894

260,751

PROVISIONS FOR LIABILITIES

50,611

49,203

NET ASSETS

319,283

211,548

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

319,282

211,547

SHAREHOLDERS' FUNDS

319,283

211,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 6 June 2016 and were signed on its behalf by:

A J Reid - 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).

Cash flow

The financial statements do not include a Cash flow statement because the company, as a small

reporting entity, is exempt from the requirement to prepare such a statement under the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied

during the year, exclusive of Value Added Tax and trade discounts.

Turnover is recognised when commissions are earned.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between

the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax assets is recognised only if it can be regarded as more likely than not that there

will be suitable taxable profits from which the future reversal of the underlying timing differences can

be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time

the timing differences are expected to to reserve.

Deferred tax assets and liabilities are not discounted.

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 January 2015

18,663

Additions

670

At 31 December 2015

19,333

DEPRECIATION

At 1 January 2015

17,753

Charge for year

452

At 31 December 2015

18,205

NET BOOK VALUE

At 31 December 2015

1,128

At 31 December 2014

910

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 16,323 (2014 - £ 27,748 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1