Remlap Computing Limited - Period Ending 2015-09-30

Registration number: 03074598

Remlap Computing Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Reilly McMordie Limited
Chartered Certified Accountants
4 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

Remlap Computing Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Remlap Computing Limited
for the Year Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Remlap Computing Limited for the year ended 30 September 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Remlap Computing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Remlap Computing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Remlap Computing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Remlap Computing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Remlap Computing Limited. You consider that Remlap Computing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Remlap Computing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Reilly McMordie Limited
Chartered Certified Accountants
4 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

28 June 2016

Page 1

Remlap Computing Limited
(Registration number: 03074598)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					241			482
Current assets
Debtors					27,029			36,005
Cash at bank and in hand					5,709			6,163
					32,738			42,168
Creditors: Amounts falling due within one year					(32,074)			(42,611)
Net current assets/(liabilities)					664			(443)
Net assets					905			39
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					903			37
Shareholders' funds					905			39

For the year ending 30 September 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 director acknowledges his 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 director on 28 June 2016

.........................................
Mr M Palmer
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Remlap Computing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Depreciation

All tangible fixed assets have been fully depreciated

Asset class	Depreciation method and rate
Computer equipment	33.3% Straight line
Fixtures and fittings	25% Reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		2,894			2,894
At 30 September 2015		2,894			2,894
Depreciation
At 1 October 2014		2,412			2,412
Charge for the year		241			241
At 30 September 2015		2,653			2,653
Net book value
At 30 September 2015		241			241
At 30 September 2014		482			482

Page 3

Remlap Computing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr M Palmer
Loan brought forward at the begining of the year	27,820	12,000	24,320	-
Further advances made during the year	3,421	-	3,500	-
	31,241	12,000	27,820	-

The outstanding loans are subject to interest at the rate of 3.25% per annum and are repayable on demand. The profit and loss account for the year includes interest income of £692 in respect of these loans.

Page 4