Rakekit Limited - Period Ending 2016-03-31
Rakekit Limited - Period Ending 2016-03-31
Registration number:
for the Year Ended
Rakekit Limited
Contents
Accountants' Report |
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Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
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 6) have been prepared.
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rakekit Limited
for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rakekit Limited for the year ended 31 March 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Rakekit Limited, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rakekit Limited and state those matters that we have agreed to state to them. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rakekit Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rakekit 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 Rakekit Limited. You consider that Rakekit 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 Rakekit 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.
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Chaplin Associates (Oxon) Ltd
Gates End
Fairmile
Henley-On-Thames
Oxfordshire
RG9 2JY
27 June 2016
Rakekit Limited
(Registration number: 02295987)
Abbreviated Balance Sheet as at 31 March 2016
Note |
2016 |
2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Provisions for liabilities |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Rakekit Limited
(Registration number: 02295987)
Abbreviated Balance Sheet as at 31 March 2016
Approved by the Board on
.........................................
Mr Alfonso Cretella
Director
Rakekit Limited
Notes to the Abbreviated Accounts
Accounting policies |
Basis of preparation
Exemption from preparing a cash flow statement
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Leasehold property |
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Leasehold improvements |
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Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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Stock
Provisions
Deferred tax
Rakekit Limited
Notes to the Abbreviated Accounts
Hire purchase and leasing
Fixed assets |
Tangible assets |
Total |
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Cost |
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At 1 April 2015 |
150,820 |
150,820 |
Additions |
2,450 |
2,450 |
At 31 March 2016 |
153,270 |
153,270 |
Depreciation |
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At 1 April 2015 |
146,392 |
146,392 |
Charge for the year |
1,663 |
1,663 |
At 31 March 2016 |
148,055 |
148,055 |
Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Related party transactions |
Transactions with directors |
Amount owing to the directors at the year end totalled £23,766 (2015 £25,231).
During the previous and current year the company was under the control of one of its directors, Mr A Cretella, who owns 75% of the issued share capital.
During the year ended 31 March 2016 the company entered into various commercial transactions with its connected companies, Alfona Ltd and Padita Limited, in which Mr A Cretella holds an interest. All transactions were conducted at arm's length.
At 31 March 2016 the aggregate amounts due from Padita Limited was £2,600 (2015 £15,794).
At 31 March 2016 the aggregate amounts due from Alfona Limited was Nil (2015 £10,243).
Rakekit Limited
Notes to the Abbreviated Accounts
Control |
The directors are the controlling party by virtue of their controlling shareholding in the company.