Abbreviated Company Accounts - RATIO DESIGN LTD

Abbreviated Company Accounts - RATIO DESIGN LTD


Registered Number 07816262

RATIO DESIGN LTD

Abbreviated Accounts

31 October 2015

RATIO DESIGN LTD Registered Number 07816262

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 890 1,096
890 1,096
Current assets
Debtors 800 605
Cash at bank and in hand 23,392 14,779
24,192 15,384
Creditors: amounts falling due within one year (8,603) (2,145)
Net current assets (liabilities) 15,589 13,239
Total assets less current liabilities 16,479 14,335
Total net assets (liabilities) 16,479 14,335
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 16,478 14,334
Shareholders' funds 16,479 14,335
  • For the year ending 31 October 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 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 22 January 2016

And signed on their behalf by:
A Heaps, Director

RATIO DESIGN LTD Registered Number 07816262

Notes to the Abbreviated Accounts for the period ended 31 October 2015

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 of goods and services provided to customers net of discounts.

Tangible assets depreciation policy
Depreciation is provided at 25% reducing balance method in order to write off assets over their estimated useful lives.

2Tangible fixed assets
£
Cost
At 1 November 2014 2,141
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2015 2,141
Depreciation
At 1 November 2014 1,045
Charge for the year 206
On disposals -
At 31 October 2015 1,251
Net book values
At 31 October 2015 890
At 31 October 2014 1,096
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1 Ordinary shares of £1 each 1 1