REDTOOTH_LIMITED - Accounts

REDTOOTH LIMITED - Company Information

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Company Registration No. 04232031 (England and Wales)

REDTOOTH LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

REDTOOTH LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

REDTOOTH LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

357,128

625,135

Investments

202,725

225,247

559,853

850,382

Current assets

Stocks

45,276

46,185

Debtors

1,626,902

1,637,759

Investments

47,002

49,070

Cash at bank and in hand

63,604

161,358

1,782,784

1,894,372

Creditors: amounts falling due within one year

(364,263)

(460,309)

Net current assets

1,418,521

1,434,063

Total assets less current liabilities

1,978,374

2,284,445

Creditors: amounts falling due after more than one year

(108,384)

(189,711)

Provisions for liabilities

(26,714)

(25,119)

1,843,276

2,069,615

Capital and reserves

Called up share capital

222

Share premium account

19,869

Profit and loss account

1,823,185

2,049,524

Shareholders' funds

1,843,276

2,069,615

REDTOOTH LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 September 2016

MC Green

TF Smithies

Director

Company Registration No. 04232031

REDTOOTH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

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

2% - Straight line

Fixtures, fittings & equipment

15%/33% - Reducing balance/Straight line

Motor vehicles

25% - Reducing balance

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Current asset investments are stated at the lower of cost and net realisable value.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

REDTOOTH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 January 2015

433,654

877,060

202,725

1,513,439

Additions

80,470

Disposals

(314,852)

At 31 December 2015

433,654

642,678

202,725

1,279,057

Depreciation

At 1 January 2015

433,654

251,925

685,579

On disposals

(25,188)

Charge for the year

58,813

At 31 December 2015

433,654

285,550

719,204

Net book value

At 31 December 2015

357,128

202,725

559,853

At 31 December 2014

625,135

225,247

850,382

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

(59,167)

(89,211)

Share capital

2015

2014

Allotted, called up and fully paid

200 Ordinary shares class 'A' of £1 each

200

11 Ordinary shares class 'B' of £1 each

11 Ordinary shares class 'C' of £1 each

222