Abbreviated Company Accounts - RAKGARD INTERNATIONAL LIMITED

Abbreviated Company Accounts - RAKGARD INTERNATIONAL LIMITED

RAKGARD INTERNATIONAL LIMITED - Company Information

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Registered Number 03409975

RAKGARD INTERNATIONAL LIMITED

Abbreviated Accounts

31 December 2015

RAKGARD INTERNATIONAL LIMITED Registered Number 03409975

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,517 1,433
1,517 1,433
Current assets
Stocks 19,300 27,304
Debtors 14,295 11,789
Cash at bank and in hand 15,577 6,466
49,172 45,559
Creditors: amounts falling due within one year (10,528) (6,436)
Net current assets (liabilities) 38,644 39,123
Total assets less current liabilities 40,161 40,556
Total net assets (liabilities) 40,161 40,556
Capital and reserves
Called up share capital 85 85
Share premium account 496 496
Profit and loss account 39,580 39,975
Shareholders' funds 40,161 40,556
  • For the year ending 31 December 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 13 September 2016

And signed on their behalf by:
Ivan Hodges, Director

RAKGARD INTERNATIONAL LIMITED Registered Number 03409975

Notes to the Abbreviated Accounts for the period ended 31 December 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 net invoiced sales of the manufacture of guards for warehouse storage racks.

Tangible assets depreciation policy
Depreciation is calculated using the straight line method on the gross values of fixed assets without any deduction for government grants. The following rates are used:
Plant 10%
Fixtures 10%

Valuation information and policy
Stocks and work in progress have been valued at the lower of cost and net realisable value.

Other accounting policies
Deferred Taxation is provided on the liability method in respect of the taxation effect of all timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable future.

2Tangible fixed assets
£
Cost
At 1 January 2015 17,700
Additions 284
Disposals -
Revaluations -
Transfers -
At 31 December 2015 17,984
Depreciation
At 1 January 2015 16,267
Charge for the year 200
On disposals -
At 31 December 2015 16,467
Net book values
At 31 December 2015 1,517
At 31 December 2014 1,433