Abbreviated Company Accounts - RAY CASEY LIMITED

07050342 RAY CASEY LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 07050342 2014-12-01 2015-11-30 07050342 2015-11-30 07050342 2014-11-30 07050342 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 07050342 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 07050342

RAY CASEY LIMITED

Abbreviated Accounts

30 November 2015

RAY CASEY LIMITED Registered Number 07050342

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	70,298	60,698
		70,298	60,698
Current assets
Stocks		850	740
Debtors		1,509	18,860
Cash at bank and in hand		29,275	-
		31,634	19,600
Creditors: amounts falling due within one year		(34,982)	(19,013)
Net current assets (liabilities)		(3,348)	587
Total assets less current liabilities		66,950	61,285
Provisions for liabilities		(14,060)	(10,362)
Total net assets (liabilities)		52,890	50,923
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		52,790	50,823
Shareholders' funds		52,890	50,923

For the year ending 30 November 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 19 August 2016

And signed on their behalf by:
Mr. R.J. Casey, Director

RAY CASEY LIMITED Registered Number 07050342

Notes to the Abbreviated Accounts for the period ended 30 November 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 amounts chargeable to customers for goods and services provided during the period, excluding value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 15% of net book value
Motor vehicles 25% of net book value

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 December 2014	98,990
Additions	58,139
Disposals	(48,300)
Revaluations	-
Transfers	-
At 30 November 2015	108,829
Depreciation
At 1 December 2014	38,292
Charge for the year	14,170
On disposals	(13,931)
At 30 November 2015	38,531
Net book values
At 30 November 2015	70,298
At 30 November 2014	60,698

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100