Company Registration No. 04770537 (England and Wales)
REACT 24 SEVEN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
REACT 24 SEVEN LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
REACT 24 SEVEN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
13,451
15,315
Current assets
Debtors
24,362
27,207
Investments
-
6,000
Cash at bank and in hand
87,844
54,501
112,206
87,708
Creditors: amounts falling due within one year
(21,133)
(20,283)
Net current assets
91,073
67,425
Total assets less current liabilities
104,524
82,740
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
104,523
82,739
Shareholders' funds
104,524
82,740
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 August 2016
L McAlpine
Director
Company Registration No. 04770537
REACT 24 SEVEN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
10% straight line
Computer equipment
25% straight line
Fixtures, fittings & equipment
20% straight line
1.6
Investments
Current asset investments are stated at the lower of cost and net realisable value.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015
1,151
19,050
20,201
Additions
-
481
481
At 30 April 2016
1,151
19,531
20,682
Depreciation
At 1 May 2015
1,151
3,735
4,886
Charge for the year
-
2,345
2,345
At 30 April 2016
1,151
6,080
7,231
Net book value
At 30 April 2016
-
13,451
13,451
At 30 April 2015
-
15,315
15,315
REACT 24 SEVEN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
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