RACC Engineering Solutions Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08797080

Abbreviated Accounts for the Year Ended 30 April 2016

for

RACC Engineering Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Glaves

REGISTERED OFFICE:

4 Tiller Close

Derby

Derbyshire

DE23 2UX

REGISTERED NUMBER:

08797080

ACCOUNTANTS:

NRB Accountancy Limited

33A High Street

Belper

Derbyshire

DE56 1GF

FIXED ASSETS

Tangible assets

2

387

516

CURRENT ASSETS

Debtors

-

3,564

Cash at bank

25,622

30,272

25,622

33,836

CREDITORS

Amounts falling due within one year

16,951

22,568

NET CURRENT ASSETS

8,671

11,268

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,058

11,784

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

9,056

11,782

SHAREHOLDERS' FUNDS

9,058

11,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 July 2016 and were signed by:

A Glaves - 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 services, 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 etc

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

750

DEPRECIATION

At 1 May 2015

234

Charge for year

129

At 30 April 2016

363

NET BOOK VALUE

At 30 April 2016

387

At 30 April 2015

516

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

2

Ordinary

1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr A Glaves, introduced funds to and withdrew funds from the company by way of a director's

loan account. This loan is interest free and repayable upon demand. At the year end the company owed the director £2,462

(2015: £1,732) and this amount is included in creditors.