Abbreviated Company Accounts - RACE THE DRAGON LIMITED

RACE THE DRAGON LIMITED - Company Information

Registered Number 06648095

RACE THE DRAGON LIMITED

Abbreviated Accounts

30 November 2015

RACE THE DRAGON LIMITED Registered Number 06648095

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	14,349	19,132
		14,349	19,132
Current assets
Stocks		43,936	43,170
Debtors		23,981	13,970
Cash at bank and in hand		21,754	30,156
		89,671	87,296
Creditors: amounts falling due within one year		(51,280)	(64,493)
Net current assets (liabilities)		38,391	22,803
Total assets less current liabilities		52,740	41,935
Total net assets (liabilities)		52,740	41,935
Capital and reserves
Called up share capital		100	100
Profit and loss account		52,640	41,835
Shareholders' funds		52,740	41,935

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 30 August 2016

And signed on their behalf by:
MR D.WINDSOR, Director

RACE THE DRAGON LIMITED Registered Number 06648095

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 the total invoice value net of VAT of sales made during the year

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows :

Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 December 2014	38,037
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	38,037
Depreciation
At 1 December 2014	18,905
Charge for the year	4,783
On disposals	-
At 30 November 2015	23,688
Net book values
At 30 November 2015	14,349
At 30 November 2014	19,132